![]() ![]() There is still approximately $130 billion in PPP funds available. While no one at MiLB is publicly predicting what might occur should that scenario play out, all are very aware of the precarious economics of minor league baseball right now.Īll told, 4.9 billion PPP loans had been approved to companies as of June 30, with the amount distributed at $521 billion. As the country grapples with concerns over restarting school in the fall and making it through the winter months when people will be spending less time outdoors, there is nothing to say that pandemic won’t affect baseball’s ability to have fans in the stands in 2021. Of deeper concern is the current trajectory and uncertainty in the number of reported novel coronavirus cases in the U.S. To add to Minor League Baseball’s grim outlook, it is all but certain that the number of MLB-affiliated clubs will contract to 120, from 160, when a new labor agreement between the two organizations is reached ahead of the expiration of the current agreement in September. While not giving exact figures, he claimed that nearly 80% of the revenues clubs captured were derived from the gate. ![]() In a conference call with reporters last week, Pat O’Conner, the president and chief executive of Minor League Baseball, said that without some form of assistance, be it from the government or otherwise, more than half of the minor league clubs would become insolvent. Less than 25% of the minor league clubs received between $150,000 and $350,000 those clubs included the Bowie Baysox, the Eugene Emeralds and the Sturgis Stingrays. Paul Saints, the Frisco Roughriders and the Myrtle Beach Pelicans-received between $350,000 and $1 million. Most clubs-such as the Lake Elsinore Storm, the St. Three clubs-the Sacramento River Cats, the Round Rock Express and the Toledo Mud Hens-each received between $1 million and $2 million in PPP assistance. PPP loans are to be used to cover salaries to keep staff employed and maintain business operations. ![]()
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