^Like I said, it will probably work in the short term, because a there's bound to be an attendance spike, and franchise value is ascertained through an analysis of revenue streams, attendance figures, tv deals, etc, so it will indeed go up a bit. But all those contracts still go in the books as liabilities. Which is the basis of my suggestion that the business model is unsustainable, and bankruptcy is inevitable. They're talking about potentially shelling out close to 500 million dollars in contracts (Bell, Reyes, Pujols?, Wilson?), for a franchise not worth close to that. And it's not like the owner is some billionaire Arab oil tycoon, Loria is an art dealer. Keep in mind, owner equity = assets - liabilities.
Make no mistake, the Miami Marlins project is one big calculated risk, hinging on the idea that if you build it, they will come. I'm very skeptical, because there is no generational baseball fanbase, because it a mid market, and because Miami is a fickle sports town. And they have won before, for all the good that did them. Like Pro said, this is Hicks/A-Rod, the sequel.