It's possible that it's a myth, but why are you sure of it? At the time the deal was announced there was mention of how Zell wanted the payments to be structured so as to avoid taxes. The deal with Zell has nothing to do with operation of the team. To my knowledge there was no mention of always having to operate at a profit. It's an unsustainable way to run a sports franchise that would require selling off of players at the end of the year if revenue dipped below expenses for any given year. It's a ratchet that only tightens and leaves way too much outside of the control of the owners. Now I could see them wanting to reset the franchise and invest in infrastructure in both talent as well as the physical plant (Dominican Academy, Wrigley, etc.) and thus take away from the big club, but it seems to me it's next to impossible to rebuild in every sense and no incur short term debt. What they are doing makes sense given the state of the franchise, even if I don't like it. I see no reason to invent some sort of hard rule for a conscious decision by the owners. I could be wrong, but the alternative requires the Ricketts to be fools. Why would they purchase the team and then handcuff themselves in such a way? I totally agree with you about it being a myth. I'm sure Ricketts has an army of lawyers, tax specialists, and other financial experts that examined every aspect of the deal before they signed on the bottom line. As you posted, this is one of the most profitable teams in baseball.