take a bath
idiomatic phrase
informal
: to suffer a heavy financial loss
take a bath on an investment
ESPN also is expected to take a bath in the first year of its new, four-year, $450 million NFL football package … . Combined baseball and NFL losses may eat up as much as $60 million this year alone.—John Steinbreder
Apollo Global Management and TPG, the two private equity giants in the 2008 leveraged buyout of Caesars, took a bath on the company before exiting the investment several months ago.—Christopher Palmeri
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Merriam-Webster unabridged
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