Friday, June 3, 2011
I have no idea what this means. Not literally, I understand what a debt limit is, but whether that will lead to sanctions or penalties is anyone's guess at this point.
Under the debt service rule, Selig is authorized to impose whatever remedial measures he sees fit. The rule lists 16 possible actions Selig could take, among them an order that a team raise equity, a requirement that all team expenditures be approved by his office and the suspension of the team owner.