With the very real possibility of Major League Baseball taking a step back and contracting by two teams, outstanding securitizations issued by professional sports entities are not expected to have disruptions in cashflows, but this latest news does add a new dimension to how sports deals will be viewed, sources said.

Most involved agree that it is likely the Montreal Expos, as well as either the Minnesota Twins or Florida Marlins, that will be shut down. In turn the league franchise buyout fees would be invested in two other floundering teams, the Anaheim Angels and the Tampa Bay Devil Rays. Should this occur, the remaining 28 teams will each get a larger cut of the MLB revenue-sharing program, estimated at $160 million this year.

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