“It became clear over the last year that Seattle’s financial situation, which had worsened since 2008, was serious, and that the company would end the 2011-12 season with a rare shortfall: approximately $1 million in a budget of about $20 million. In the language of the news release that the company issued on June 26, it is ‘reshaping for a leaner economy.’ Translated into English, it is desperate.”