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This is one of our questions yesterday. The PawSox were suppose to make a cash contribution of $3,000,000 in December of 2019 and then again in December of 2020. These payments have not been made.
We found out that the equity contribution can be cash and/or direct purchases.
"The equity contribution is allowed to be cash and/or direct purchases. If you look at Exhibit F of the lease, you can see that the direct purchases made by the team has a current total of $11.4 million".
Now look at Exhibit F. Click here....
We got to ask..
Are all these expenses part of the ballpark construction or should some of these simply be carrying costs that the tenant has to pay; for example, sponsor signage and artwork???
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