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CSN Houston files for Chapter 11

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by The Cat, Sep 27, 2013.

  1. jedicro

    jedicro Member

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    You think Appel will be up next year? He only has like 1/4 of a year in the minors so far. I think 2015 probably at the earliest.

    Not that I don't hope he gets up sooner...
     
  2. jedicro

    jedicro Member

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    Just have patience. They'll get here :)
     
  3. NotChandlerParsons

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    No, that's the impression I get when we talk about the Astros.
     
  4. v3.0

    v3.0 Member

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    Don't worry, we have the Rockets and Matt Schaub to distract us from the greatest show on earth. Meanwhile I'll have plenty of 20 year window jokes to pass around.

    Question: why hasn't there been any progress on the astrodome?

    Answer: they're just trying to emulate the former tenant's MO.
     
  5. jedicro

    jedicro Member

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    lol

    At least they have an awesome song that plays when the (rarely) score.
     
  6. danielcp0303

    danielcp0303 Member

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    Not to get too far off subject, but you do know what country this is right? Education hasn't been high on the priority list in a long time.
     
  7. RedRedemption

    RedRedemption Member

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    Nope, nope. Don't even go there. Don't let D&D material bleed into the GARM. :p
     
  8. conquistador#11

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    education?
    If you don't sell to the providers,you can't have any pudding!
    suits, leave rockets fans alone.
     
  9. CometsWin

    CometsWin Breaker Breaker One Nine

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    People spend money to see the current product, not the future product. The reasons for the tanking aren't the fault of the fans. The tickets, the beers, and the nachos aren't any cheaper when they suck on purpose.
     
  10. CometsWin

    CometsWin Breaker Breaker One Nine

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    Meanwhile, at KNWS...



    Astros: Hey KNWS, Jimmy Crane here. How about you pay me $3.40 per subscriber to show my ball team.

    KNWS: Jimmy, our I Love Lucy reruns get better ratings than 0.
     
    1 person likes this.
  11. Petey-N-Htown

    Petey-N-Htown Member

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    Will this likely get the Rockets on my TV any faster now?
     
  12. Fantasma Negro

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    ? When did they start doing ppv for basketball games? It doesn't make sense to hike up the ticket prices and punish your fan base because of one bad business decision. This team is only marketable if you can see them play and I have a feeling they won't have patience with csn because they want to showcase Harden and Howard. Joke if you want but we might have games back on fox sports if this isn't resolved by January and I'd be perfectly fine with that
     
  13. PeacePeace

    PeacePeace Member

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    5 star thread, im glad they filed for bankruptcy.

    Internal problems galore can only mean WE benefit!
     
  14. Granville

    Granville Member

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    Here's the thing.... Some of us are embarrassed at the method we are building the team. By that I mean tanking year after year. We are purposely trying to finish last and that sucks. It's certainly nothing to be proud of because it's basically cheating and shows a lack of character.
     
  15. Carl Herrera

    Carl Herrera Member

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    Not much to be said beyond what is in the articles already. The petition itself doesn't say much beyond who the creditors are making the petition and how much they claim to be owed. There is an affidavit/declaration accompanying a motion asking for the appointment of an interim trustee to take over running CSN but much of the juicy stuff has been redacted and blacked out on the pages. There is allegation that CSN current partners are deadlocked as to how to run things-- I think this most likely refers to carriage deals but can't be sure because of the redaction.

    The economic issue, I think, is that because CSN Houston doesn't have carriage deals with any major carriers other than Comcast, it is unable to pay its bills to its lender and other creditors (maybe including the Rockets and Astros under their TV contracts). There was a report a while ago that the Astros were vetoing a carriage deal that the other investors would agree to. My guess is Comcast filed this in its capacity as creditors in order to force the Astros out of its management power.
     
    #155 Carl Herrera, Sep 28, 2013
    Last edited: Sep 28, 2013
    1 person likes this.
  16. REEKO_HTOWN

    REEKO_HTOWN I'm Rich Biiiiaaatch!

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    Rep for an breaking character
     
  17. The Beard

    The Beard Member

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    As long as this doesn't mess with the "free" streams, I could care less anymore

    If anything, this whole fiasco showed me that you don't have to pay for tv, it's out there for free if you want to get it that way

    Yo Jim, Yo Les, F off
     
  18. meh

    meh Member

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    Not that I truly understand how this stuff works, but I've always figured that having the Rockets tied to the Astros(contender and worst team in baseball) would be quite unfair to the Rockets in any deal. Better to dissolve this partnership and negotiate a deal themselves.
     
  19. Refman

    Refman Member

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    An involuntary bankruptcy petition IS a form of litigation. Make no mistake, this is going to be hotly contested every step of the way.
     
  20. Refman

    Refman Member

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    If a trustee is appointed, all bets are off. The parties would have limited ability to reach a binding agreement. The trustee would have to sign off on it and then the judge would have to approve it. IIRC, there is no absolute right to dismiss a Chapter 11.
     

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