Just got the latest edition of the SABR Business of Baseball committee newsletter in the mail. I missed this when editor Doug Pappas posted it on his weblog, but Major League Baseball is selling $1.5 billion in one- and 10-year bonds. The bonds will be secured by revenue from TV and radio, sponsorships, and licensing. The sale is being led by FleetBoston and Bank of America. Anyone else want to own some of MLB (or at least some of their debt)? I can't seem to find the rating for these bonds online, but if anyone else can, let us know in the comments. It will be interesting to see if baseball is a good investment or not.