Crane and the Astros did not respond to Forbes' requests to discuss finances and rebuilding strategy.
Forbes:
(Crane) will likely use some of the cash flow to pay down the reported $275 million debt he took on when buying the team. He financed the purchase with a $220 million loan from Bank of America and assumed $55 million of debt from a previous loan with Major League Baseball, according to the Sports Business Journal.
Forbes' valuations and estimates of operating expenses aren't always right on the money (see what I did there?) but you can bet the basic premise - which should come as no surprise - is that the Astros are making a lot of money this season.
I'll have some thoughts on this later, after the next cup of coffee.
But for now:
