How do the Dodgers carry an unlimited payroll?
Filings uncovered by @NickNemo17 show roughly $1.45 billion in debt for American Media Productions, the entity behind SportsNet LA and the Dodgers' 25-year, $8.35 billion Charter deal, sitting on the balance sheets of 5 life insurance companies tied to or controlled by the Dodgers' own ownership group.
i.e. the Dodgers get a sweetheart deal on their TV rights from a media company their owners co-own, financed by insurance companies those same owners control.
Because ownership sits on both sides, as borrower and lender, the setup functions as a closed loop:
-When RSNs hit turbulence, banks enforce covenants or force restructuring. Here the lenders are insurers the owners manage, so the capital stays patient and cash flow to the team never gets choked.
-MLB taxes net local revenue at 34% but allows deductions for debt service and interest tied to running the network. Carrying $1.45 billion in media debt on AMP's balance sheet generates interest expense that shrinks reportable net TV income and the resulting revenue-sharing bill.
Then there's the payroll itself. Over $1 billion of it is deferred, owed to 9 players through 2047. Pushing that cash out frees up money today, some of which is going toward servicing that same debt, and kicks the actual bill to a stretch of decades many of today's owners won't be around for.
LA built a (seemingly illegal) structure that captures its own interest yield, shelters TV income from league revenue sharing, and helps fund payroll dominance in the process.
Søren Kierkegaard on the Importance of Walking
“Above all, do not lose your desire to walk. Everyday, I walk myself into a state of well-being & walk away from every illness. I have walked myself into my best thoughts, and I know of no thought so burdensome that one cannot walk away from it. But by sitting still, & the more one sits still, the closer one comes to feeling ill. Thus if one just keeps on walking, everything will be all right.”
Underrated life advice: Just be easy to work with. Show up on time. Do what you said you'd do. Bring solutions, not problems. Never create drama. Be responsive. Be emotionally consistent. Be kind. People will always want to support someone who just makes their life easier.
My favorite line from Atomic Habits has been living in my head rent-free:
“It doesn’t make sense to continue wanting something if you’re not willing to do what it takes to get it. If you don’t want to live the lifestyle, then release yourself from the desire. To crave the result but not the process is to guarantee disappointment.”
I think ambitious people should treat life in “seasons” rather than trying to balance everything every day.
A few years massively overallocated to work. A period getting seriously fit. A year or two nomading. Then family takes priority for a while. Then maybe at 35 you go completely insane again and spend four years building a new company, and so on.
The mistake is thinking every metric needs to stay green all the time. Most great outcomes (building a company, writing sth serious, training for an event) need uninterrupted runs, not daily moderation. Sometimes work should suffer cause you’re travelling, sometimes your social life should suffer cause you’re building, sometimes career progression should slow cause family matters more. That’s fine.
And tbh it probably makes life more fun too. You get actual chapters and completely different versions of yourself instead of spending 40 years maintaining the same perfectly optimised routine. A few intense years in one city, a weird nomad phase, an obsession that takes over your life, then something completely different. Probably much more memorable than one very long well-optimised Tuesday.
It's why I encourage everyone to think of balance in years, not days. A good life can look horribly unbalanced on some random Tuesday and still be very balanced over 10 years.
Keep your problems smaller than your life. A flat tire is a flat tire. A bad meeting is a bad meeting. A canceled flight is just an extra two hours. These things become catastrophes when you let them. But they stay manageable when you remember the depth of your real life- the people you love, the work you care about, the beautiful years still ahead. Zoom out. Fit your reaction to the size of the problem.
Surrealista.
Ana Botín, presidenta del Banco Santander con un patrimonio de 3 mil millones de euros, pidiéndole una foto a IShowSpeed y que se abra una cuenta en su banco, mientras le presenta a Juan Roig, presidente de Mercadona con un patrimonio de 9 mil millones de euros.
“Mercadona es el Walmart de España y Banco Santander es el JPMorgan de Europa”
ustedes se ilusionaron mucho con el mundial 2026 de México, pero nunca se despertaron a las 3 de la mañana del 2020 para ver a méxico en los olímpicos donde tmb nos dieron tremenda ilusionada con el oro. 😞
Los mexicanos sí llevaron serenata y pirotecnia al hotel de Inglaterra JAJAJAJAJA no mames ese misil de fuegos artificiales no lo tiene ningún ejército
Aqui está completo y en la mejor resolución posible.
VENGA MÉXICO. TIERRA CARACTERIZADA POR LEVANTARSE DE LOS TROPIEZOS Y LOS OBSTÁCULOS. PUEBLO HERMOSO Y RESILIENTE. VAMOS CARAJO, POR LA HISTORIA.
MEXICO, MEXICO, MEXICO, MEXICO
El Mundial quedó dividido en dos mundos:
De un lado: Argentina, Brasil, Colombia, Ecuador y México.
Del otro: España, Francia, Alemania, Portugal, Países Bajos y Croacia.
Es como si el Mundial hubiera creado una Copa América y una Eurocopa paralelas con invitados especiales. El desenlace podría ser una final entre los dos campeones de cada lado, para definir quién manda en el fútbol mundial.
Cortesía @2010MisterChip
Argentina, Brasil, Colombia, Ecuador y México van por la misma parte del cuadro.
España, Francia, Alemania, Portugal, Holanda y Croacia van por la misma parte del cuadro.
Tenemos una Copa América (con ilustres invitados) y una Eurocopa (con ilustres invitados) dentro de la Copa del Mundo y una Finalissima (esta si es la de verdad) entre los ganadores de cada cuadro para proclamar a la mejor selección del planeta.
BENDITA COPA DEL MUNDO 2026
NO TERMINES NUNCA!!!!
Hot take: Send Tatis to the HR Derby. Link up with Vlad, Julio, Junior etc, competes has fun maybe rediscover his swing and start mashing again.
Worst case, he loses. No real downside just fun, energy, and dingers after.
@DevineGospel@JomboyMedia@TalkinBaseball_@RyanCohen24