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CSN Updates Part 2

Discussion in 'Houston Astros' started by Carl Herrera, Feb 8, 2014.

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  1. Granville

    Granville Member

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    Carl Herrera is by far the most neutral and knowledgeable contributor to this thread.
     
  2. Granville

    Granville Member

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    So by not providing the link or responding to the statements from the court that contradict your erroneous claim of a statement the judge never made, you are waving the white towel on that point, good.
     
  3. Refman

    Refman Member

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    You need a doctor. You clearly suffer from the rectum-cranium inversion.
     
  4. Granville

    Granville Member

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    You need to go back to law school
     
  5. Refman

    Refman Member

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    That's funny.
     
  6. Carl Herrera

    Carl Herrera Member

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    -First, I agree that pro sports team will not want such a ruling to become settled law.

    -Second, I am not sure if a stay of an order confirming a plan of reorganization or approving a sale would be granted on this ground.

    Specifically, I think the issue here would be "irreparable harm"-- i.e., is there a way to compensate the Astros if the decision gets reversed?

    Certainly, trying to undo an reorganization or a sale is going to be very difficult because, presumably, the purchaser or reorganized CSNH entity running the CSNH business will be forming new contractual relationships and doing business as soon as the reorganization or sale becomes effective and there will be a bunch of people and businesses relying on the validity of the court's order. The longer the appeal is pending without the order being stayed, the more of a mess it will be to undo.

    While this may speak in favor of staying the order, the argument on the other side would be that if the bankruptcy court decision is reversed, the courts can still compensate the Astros monetarily by ordering Comcast to pay the Astros the difference between, say, the actual value of the media rights and the current media rights fee under the contract. If the court doesn't believe that Comcast (or the specific Comcast entity involved in this deal) has the financial means to pay it, it can order that a portion of the sale proceed be held is escrow or that Comcast put some money up as security pending the appeal.

    After all, the Astros are not really objecting on some moral/artistic ground with how CSNH is doing the broadcasts (and to the extent that there are contractual clauses governing how the broadcasts are to be done, they still need to be honored after assumption/assignment), it just wants more money than the contracted-for fees.

    - I think the appeallees of such an order (likely Comcast, Rockets, maybe new investors or purchasers to be involved in running the channel) can also argue irreparable harm the other way-- if a sale order or confirmation order is stayed, the channel is unlikely to survive during the pendency of a long appeal, thus destroying the business and not only the going concern value of it but also its employees jobs and livelihoods and whatever else they can think of to put into their briefs.

    They may also argue that any stay of the appeal would need to require that the Astros put up a large sum of money as a bond to compensate the appellees for the destruction of the business if the appeal turns out to be fruitless.


    - I wonder if the team's media rights contracts have clauses allowing the teams to take back the rights unless CSNH is distributed among at least a certain % of households in the market. Haven't heard any mentioned. Would seem like a wise thing to bargain for if the teams want its games go be available to its fanbase.
     
    #346 Carl Herrera, Feb 23, 2014
    Last edited: Feb 23, 2014
  7. Nick

    Nick Member

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    Nah.... just did a private poll with the majority of those posting in here, and they all agree with me. The judge said the only deal offered was rotten. You choose to be in denial about that, so that's your decision... just stop crying about it when you claim everything the judge says is "gold", except for when he says stuff that contradicts your points.

    They also agree you're an idiot.
     
  8. Nick

    Nick Member

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    Exactly. MLB is not going to allow THEIR property to be reassigned without further litigation.
     
  9. Granville

    Granville Member

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    You don't even understood what you are even arguing about. I didn't ask you to provide a link to what te judge said about that one deal..... You said he said there were no good deals out there. I asked you to provide a link to that. Be careful when calling someone else an idiot and you can't even figure out what I called you out on.

    And lol at you guys huddling up like a bunch of school girls at a slumber party gossip session.
     
  10. cml750

    cml750 Member

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    Nick, I believe we would ALL like a quick solution however I highly doubt that is possible now. I believe we ALL on the same page as far as wanting BOTH teams on the air making as much money as possible however this whole thing has become derailed. The area we disagree in is who is most at fault for this debacle. While there is some blame to be spread to ALL parties, I along with people like Granville, happen to think Crane is the biggest problem. Our feelings in this ordeal don't mean we are 100% correct, but looking at what the judges are saying, the seem to agree with us (although the outcome is far from certain).

    If I recall correctly, you actually have CSN-H and are mainly interested in the Astros making enough money to compete with the AL West (I could be wrong though), however some of us have no way to watch the teams other than streams. While the AL move has soured me to the Astros, I would like them to succeed even if I will not be watching or going to any games.
     
  11. Nick

    Nick Member

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    Man, you get defensive when you're caught in your contradictions.

    You said it was idiotic to call the deals "rotten" when that's exactly what the judge did. You've been backtracking ever since.

    You also seem to think there are a bunch of other great deals out there... based on absolutely zero evidence.

    I know you'd like to come back with another "its all Crane's fault", and "the judge said this" rant, but really that doesn't apply here. You'll have to come up with an original/unbiased thought, for once... still waiting.
     
  12. Nick

    Nick Member

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    Yes, this is everything that I hate about the bankruptcy proceedings... it has inevitably prolonged a solution... and the inevitable result may be right back where we were several months ago (Astros allowed to walk with a buyout, or a simple buyout to retain the rights).

    I think assigning blame at this point is useless... because it doesn't make them any closer to a solution. I think they're ALL at fault, and Crane may be the biggest ******* about it because he's got the large % with the most to lose with a bad deal. In the end, however, ALL parties are responsbile.

    I just don't understand the point of continuing to blame him for everything... when his actions, if allowed, would have already ended this whole thing and had the teams on TV by now.

    Again, I've made no mistake that I'm not a Crane fan... from the LF signs, to his standoffish approach, to his suck for cash strategy... but on the TV deal he inherited, I can't really pin it all on him.

    And people who continue to come in here and tout "its all crane's fault... haha, the judge really put him in his place..." are too far into the forrest to see the trees and realize that they are further away from a solution to all of this today than they were when the network first went on the air.

    I want both... I want them to be seen widespread, along with make money to be competitive. The widespread distribution and profit goes hand in hand. I like the product... In a perfect world, I would hope they stay on CSN forever... I just can't see the other providers ever agreeing to pick it up, thus I think this is an endless/fruitless battle.
     
  13. Granville

    Granville Member

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    Listen, I get that you understand the process of the law (not as much as CH does but ok). What you suck at are 2 things

    For a guy who argues for a living you take things way to personal. Max and CH are light years ahead of you, which lends me to believe you are not so good at this.

    You suck at looking at information in front of you and intepreting / applying it versus the law. Prime example....you not admitting (and with you throwing your credentials out for all to see) that Crane was bound by law to look out for the best interests of CSN H too, You and many others were dead wrong on a key point in this mess.

    The court, any non-Astros fan or neutral party doesn't care if Jim Crane gets AL West money. Jim Crane apologists still don't get that and look dumb as hell thinking that's going to be a factor in this moving forward. Hell... Judge Hughes just said the Astros never asked for or were promised the Network would even be profitable. He also chastized Crane's bully tactics.

    This whole mess is Crane's business MO. He took the deal as is and figured he could bully his way out of it or the bigger party would buy him out to get him out of the way. It's not going well for him, I thought you'd be able to see that but apparently not. It looks like the court is going to make him do what he should have done already and start working on a compromise of some sort with his partners.
     
  14. cml750

    cml750 Member

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    Hey, peace brother!!!! I understand where you are coming from. Your position is actually not too far from mine. I see no need to have an internet argument as I doubt I will change your mind and I know you will not change mind. Lets just hope for the best and quickest outcome!!!;)
     
    #354 cml750, Feb 23, 2014
    Last edited: Feb 23, 2014
  15. Granville

    Granville Member

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    Quit stalling and supply the link where Judge Isgur said all of the bolded part... Been waiting for awhile....

    He commented on 1 deal that wasn't full coverage for the Network. Go huddle with the girls on this and get back to me with another rambling excuse..
     
  16. cml750

    cml750 Member

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    The part I put in bold is just common sense.
     
  17. Nick

    Nick Member

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    He commented on THE deal. The only deal. He said everybody was right to reject said deal... and Comcast agreed. Do you know if there are more deals? I haven't seen one bit of evidence of that. Do you think deals get more and more likely the longer they draw this out and litigate the crap out of it? Ask Portland how that's going for them.

    You also said anybody saying a deal is rotten based on that above deal is "idiotic." Are you calling the judge idiotic?
     
  18. Nick

    Nick Member

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    Agreed.

    Don't see the point of the "blame" game now... its time to play the "solution" game.

    Relying on this to get resolved by reassigning media rights to 3rd parties, along with forcing deals upon sports teams is just begging for more litigation (as the law hasn't been set yet), except this time with the pro sports leagues themselves.
     
  19. Granville

    Granville Member

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    That's not how the world works.... His actions have not been deemed legal thus far and in fact they have been referred to turning law on it's head and guerilla warfare. In the business world, you don't get out of contracts because Nick and Granville want to watch sports teams on TV. Comcast and the Rockets have a lot at stake here too, this ain't about us.

    The court decided to put this in bankruptcy and ask the partners to reorganize the business. Let's see what happens from here.
     
    #359 Granville, Feb 23, 2014
    Last edited: Feb 23, 2014
  20. Granville

    Granville Member

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    Still no link? I'm disappointed... I expected much more from the slumber party.. Maybe you girls should lay off the Bieber CD for awhile and find the link.
     
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