In the case of the Sunday Ticket, some owners may struggle to raise $440 million

If/when the NFL should offer $14.088 billion (plus interest and fees) in the Sunday Ticket litigation, each team will have to find more than $440 million.

For many of the ultra-rich, there aren’t many coins in the piggy bank.

There’s a difference between paper value and cash. And if 345 Park Avenue is going to swing the bat for $440 million per team, some owners will have a hard time coming up with that amount.

We will not name names because we do not have access to information that would allow us to reliably estimate the cash flow available to each owner.

For a team, we know. The Packers, as a publicly traded company, have to file an annual report. Last year, the team had $583 million in “cash and investments”.

It could be difficult to do business otherwise if more than 75 percent of available cash and investments must be returned to the league.

The other owners may not be as liquid as the Packers. This could make it even more important for owners who are half a billion gold short to accept private equity investments. Which, if enough teams seek private equity, could drive down the value.

It’s supply and demand, with a touch of desperation. If, for example, a third of owners (again, we don’t know the exact number) need help getting to $440 million, they will be competing with each other for private equity deals, which will lower prices.

The easiest way to get $450 million would be to borrow it. This would require the league as a whole to agree to allow each team to assume this debt. If nine or more homeowners have the money and want to give it to those who don’t, any attempt to increase the borrowing limit could be abandoned.

It doesn’t matter if the league ultimately wins the lawsuit. Going all in with the hope that victory will be snatched from the jaws of defeat is not a strategy. This is a recipe for bankruptcy, as it concerns owners whose liabilities could suddenly eclipse their assets, once $440 million is added to the wrong side of the balance sheet.