Originally Posted by
Chief Arrowhead
All of that is accurate, but not incongruent to my post. The Red Sox can't buy Nolan Arenado from the Rockies by paying $200 million, or any sum for that matter. Nor can they pay there players whatever they want to without incurring significant luxury tax penalties. Nor can the club borrow meaningful sums. The owner can borrow, of course, to buy a club but they can't borrow in the name of the club. I guess that difference is largely because of league rules, you don't really have that in Europe. NOw the Red Sox can charge high prices (they do!) and can refurbish the clubhouse, front office, etc., to their hearts and pocketbook's content. But not on players -- which I think is what the OP was getting at that Kroenke should do.
the root cause of this is Arsenal's decision to go public in the 90's. It unlocked the door for anyone to walk in. But that's another issue.