Jermaine Ong is a Digital Content Producer at ABC 10News/KGTV in San Diego.
SAN DIEGO – The San Diego Padres obtained a $50 million loan late in the 2023 season to help pay some of the team’s expenses, including its player payroll, according to The Athletic.
Per The Athletic: “MLB teams commonly tap into lines of credit to pay their bills, prompting some officials in the sport to suggest any concern should be tempered because the Padres were ultimately creditworthy enough to draw the loan. But other officials briefed on the team’s finances who were not authorized to speak publicly viewed the Padres’ situation as worrisome.”
For the 2023 season, the Padres sold out 59 of its 81 games at Petco Park and drew a record 3.3 million fans.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jermaine ‘FunnyMaine’ Johnson books Iron Bowl week shows: How to see himFunnyMaine is known for his Alabama football commentary, viral YouTube videos, and comedic takes on Southern culture.
Read more »
Del Mar beachhouse is most expensive home ever sold in San Diego CountyJermaine Ong is a Digital Content Producer at ABC 10News/KGTV in San Diego.
Read more »
Car crashes into back of bus on SR-163, bursts into flamesJermaine Ong is a Digital Content Producer at ABC 10News/KGTV in San Diego.
Read more »
Chuck Norris' Action Movie Return Is Perfect After Expendables 4 & Sylvester Stallone's $50M StrugglesChuck Norris is returning to the big screen for the first time since The Expendables 2, and the timing could not be better for the action genre.
Read more »
As Yankees pursue Juan Soto, another reason for Padres to unload himThe Yankees have been linked to Juan Soto in trade rumors this past week.
Read more »