Ballpark Digest

Friday, Jul 25th

Last update06:48:52 PM GMT

You are here: Indy News New Flyers owner to pay off Fullerton debt?

New Flyers owner to pay off Fullerton debt?

E-mail Print PDF
Orange County Flyers

Cal State-Fullerton officials would welcome the Orange County Flyers back to Goodwin Field -- but only if the team's new owners, Godfather Media, pays off the team's $75,000 debt.

Before the final version of the Flyers folded, the owners owed $75,000 in back rent at Goodwin Field. That debt has remained unpaid, but as Godfather Media attempts to put together a lineup for a 2013 unveiling of the new independent American West Baseball League, there's the desire to put a team in Fullerton

That's fine with Cal State officials -- so long as the team's debt is paid off. Now, it probably wasn't the best move (legally, anyway) for Godfather Media to buy the liabilities as well as the assets of the Flyers. (Indeed, in retrospect, all Godfather Media received was the rights to the Flyers' marks, some merchandise, the right to the Fullerton market in the North American League and debts. Not the best of purchases, in retrospect, even if it was paid in Godfather Media's penny stock.) So Godfather Media will be $75,000 in the hole in its Fullerton operation before a pitch is thrown -- and won't be making anything in revenue until the 2013 season.

RELATED STORIES: Godfather Media launches new indy leagueYuma, OC out of NAL; two replacements in the worksFullerton Flyers returning in 2012?Fullerton, Flyers enter exclusive negotiating period for new ballparkMore on Fullerton ballpark proposal; Diamond Sports walks away from North American League managementNorth American League at 10 teams for 2012Chico Outlaws season scrappedEdmonton out of North American LeagueOutlaws negotiating return to Chico in 2012; Abilene in NAL

----

Share your news with the baseball community. Send it to us at editors@augustpublications.com.

Are you a subscriber to the weekly Ballpark Digest newsletter? You can sign up for a free subscription at the Newsletter Signup Page.

Join Ballpark Digest on Facebook and on Twitter!

Follow Ballpark Digest on Google + and add us to your circles!