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Chris Marinak, MLB’s director of operations and strategy, discusses new partnerships with Google and Snap to encourage fan engagement in the coronavirus pandemic.
A lot of cash was lost in the major leagues in 2020.
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MLB commissioner Rob Manfred told Sportico in an exclusive interview that MLB’s 30 groups have a $8. 3 billion debt to their lenders and are expected to record between $2. 8 billion and $3 billion in operating losses this year.
“We are moving to traditionally high debt levels,” Manfred told the website. “And it’s getting tough for the industry to spend a year in which we don’t have enthusiasts in the approximate stadium and we have other limits on how much we can’t play and how we can play. “
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The Los Angeles Dodgers have lately a 3-2 lead over the Tampa Bay Rays in the first World Series at a neutral site at Globe Life Field in Arlington, Texas. Manfred thinks it’s unbelievable that the league has accomplished this. So far, however, there are many questions for the league.
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“The players worked hard and sacrificed themselves. The other people at the club have been great,” Manfred said. “My staff has done a phenomenal job. The [player] union helped. When you get that kind of cooperation, you have to feel good. “
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Manfred told Sportico that they had the flexibility of regulations restricting the team’s debut after negotiations with the MLB Players Association.
“I think all we’ve learned is that COVID is an unpredictable virus,” Manfred said. “We don’t know what the next step is. But at this point, it’s very unlikely to speculate what next year will be like. We’ll have to get closer and then we’ll make the most productive decisions we can. “
Quotes displayed in real time or with delay of at least 15 minutes Market knowledge through Factset Developed and implemented through FactSet Digital Solutions Legal Statement Knowledge of mutual funds and ETFs through Refinitiv Lipper.
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