Ken Rosenthal, Dennis Lin and Evan Drellich reported in The Athletic today the San Diego Padres "took out a finance for about $50 million in September to attend to short-term cash https://www.padresshorts.com/Xander_Bogaerts_Shorts flow problems and meet their obligations". Sources: The San Diego Padres got a car loan for concerning $50 million in September to resolve temporary money flow problems and satisfy their responsibilities, including gamer pay-roll. With and Drellich in 2023. The Padres currently do not have any type of TV bargain. San Diego was preparing on making a deep run right into the postseason this period, which would certainly've led to numerous dollars going their way. That undoubtedly didn't occur. According to the Padres, they'll inform you everything is great. "The Padres organization remains to have accessibility to all the sources, monetary and or else, it requires to field a championship quality group for the fans of San Diego, " Padres chief executive officer Erik Greupner said in his declaration to The Athletic. "We developed a capital strategy for 2023 with our ownership group and loan provider partners and are operating our business based on that plan."It was kept in mind in this item that groups "generally touch into credit lines to pay their costs, prompting some authorities in the sport to suggest any type of issue needs to be toughened up due to the fact that the Padres were eventually creditworthy enough to attract the financing." With this stated Padres Store, exactly how are Padres followers intended to believe everything is fine when they see the Padres requiring to secure a $50 MILLION financing in a period where the ballpark was sold out essentially every evening and the company has actually most likely maxed out on their sponsorships?Hopefully this really is simply a short-term point. What will not be short-lived is the reality that the Padres will certainly not be having a $250 million pay-roll year-in and year-out.