Question
Refer to the Debt Decisions (p. 189) and answer to the questions. St. Louis Cardinals' expenses : Player salaries 50% Team operations 10% Player development
Refer to the Debt Decisions (p. 189) and answer to the questions.
St. Louis Cardinals' expenses:
Player salaries 50%
Team operations 10%
Player development 10%
Facility operations 10%
Business operations 5-7%
Interest on debt 13-15%
TOTAL 100%
- What form of debt financing was likely used by the team to raise its $300 million portion of the construction costs?
What equity financing options could the club have considered raising some of the capital needed to build a new stadium?
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Essentials of Marketing Research
Authors: Joseph Hair, Mary Wolfinbarger, Robert Bush, David Ortinau
2nd edition
73404829, 978-0073404820
