Generally, I take articles like this with a grain of salt. It doesn't mention the terms of the debt. Think about a mortgage. In the grand scheme of my income, my mortgage looks insurmountable. Until you look at the payments in terms of 30 years, then it's not so bad. Also, how much of the debt is tied into the new stadium? The start up of the TV network? And speaking of the TV network, will they make enough money from that to cover losses from the team? The article is too vague, to really know the state of the team. Obviously, they're in trouble irrespective of Madoff, but we don't really know how bad it is based on this article.