I certainly don't claim to know the in's and outs of the world of sports finance. Hell, I don't even know the in's and out's of my own finances (hey don't judge me, I'd like to see you try to file my taxes). But when I read this news piece about a $3 million-plus loan to 3 year MLS franchise Chivas USA I have to start to wonder if things are OK in goat's land.
Jorge Vergara is loaded. I mean Thurston Howell III loaded. I mean if he wanted to he could buy the patent on the number "4". So why in world would the club go to the well outside of their own farm so early in it's existence? Beats me, but I would think that any expansion team would budget for financial loses in the first few years. Perhaps they thought they would get just a few more butts in seats than there actually are. Maybe this is yet another example of the Chivas USA cockiness coming back to bite them in the ass (you know, that same cockiness that thought they would win the MLS Cup in year one).
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