Tuesday, March 5, 2013

NOG Sinks More Cash Into Foreign Soccer Team

Back in September 2011, when your Carmine Hose were in the midst of the worst collapse in baseball history, the Fenway Sports Group (read: the NOG) refinanced the debt of the Liverpool soccer team—to the tune of $181.1 million. More recently, the NOG injected more cash into their little English Premier League toy—this time a $70.6 million interest-free loan. The "Reds" have fallen out of the European soccer elite and missed the revenue stream that would have come with participation in the lucrative Champions League. Ring a bell? Good thing these guys love baseball!