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05.29.2009 10:48 am

Debt hampers team’s sale, Memphis group says

St. Louis Post-Dispatch

The Memphis Redbirds’ debt problems, which we reported here yesterday, apparently are hurting efforts to sell the minor-league baseball team. The Memphis Commercial Appeal reports:

Difficulty in making the annual $5.4 million in bond payments, which are broken into March 1, Sept.…

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05.28.2009 9:58 am

Memphis Redbirds default on stadium bonds

St. Louis Post-Dispatch

The Memphis Redbirds, the AAA farm club of baseball’s St. Louis Cardinals, are in default on their stadium bonds.

The team issued $50 million worth of bonds  in 1998 to pay for the acquisition of the team and the construction of…

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