Chief executive officer Brian L. Roberts said in response to a question at the cable company’s annual shareholder meeting yesterday morning that Comcast Corp. has no plans to sell its majority ownership stakes in the Sixers and Flyers due to the weak economy.
He also stated during the meeting that the company has about $31 billion in debt, which they plan to pay off over a 15 year term.
$31 billion? Daaaamn.
$31 billion can buy you a lot of things. It could buy you about 516 million Philly cheesestakes . It could also pay for the World Champion Phillies opening day payroll a whopping 292 times. Not to mention they could pay for Elton Brand’s contract 387 times.
Comcast won’t sell stake in Sixers, Flyers [Philly.com]
