News flash: billionaire plutocrats fly their private planes to exclusive, mountainside resort to lament tough times and advocate for cost cutting.
People talk about the Winter Meetings for weeks before and after they happen, but no one ever talks about the owners’ meetings. Why is that? Well, it’s probably because the press reports on what it can understand. GMs may make a lot of money and some of them are bona fide celebrities, but they still […]
Jeff Moorad purchasing the Padres is a weird looking deal. For one thing it came together so fast. The Tribune Company couldn’t even change the toner on the printer that spits out the Cubs’ offer sheets in the time it took this whole deal to materialize. A second odd thing is that despite this being […]
There have been several articles in the past few months about what the economic situation might do to baseball, and with them many comparisons to the Great Depression. Most of them have been driven by looks back at attendance figures. A couple of days ago, however, the New York Times ran one that gave more […]
On Jan. 10, 2000, Aaron Sele signed a two-year contract with the Seattle Mariners—but only because Orioles owner Peter Angelos nixed a four-year contract due to his concerns about arm trouble. Angelos’ moves have reduced his once-proud franchise to embarrassment.
Kevin McClatchy has liquidated his position in the Pittsburgh Pirates: Former Pirates managing general partner Kevin McClatchy has sold his remaining shares in the team, ending a 13-year relationship that began with the newspaper heir ensuring that the club remained in Pittsburgh. McClatchy’s spot on the five-man Pirates board of directors will not immediately be […]
When a political scandal hits, you can always expect things to happen in this order: 1. Denials that anything happened; 2. Denials that that which happened was inappropriate; 3. Admissions, either tacit or explicit, that that which happened was inappropriate in an effort to minimize the damage; and 4. Heads rolling. We’re now at step […]
TUCK! toon goodness every Wednesday
Mark Cuban isn’t going to be the next Cubs’ owner, and today on his blog he tells us why he thinks that is. He blames a lot of things — Jerry Reinsdorf and the capital and credit markets to name a few — but never once mentions that he’s being sued by the SEC for […]
Here’s a story from Saturday’s Milwaukee Journal-Sentinel about the relationship between the Foley & Lardner law firm and Major League Baseball: Mary K. Braza, the head of the sports industry team at the Foley & Lardner law firm, has a nice view of Milwaukee and Lake Michigan from her office at the U.S. Bank Center. […]
We’ve long known that the Bloomberg Administration bent over to deliver all manner of financial favors to the Yankees, but now the emails are out, and it’s pretty ugly: Mayor Bloomberg’s aides secretly pressured city tax assessors to inflate the value of land under the new Yankee Stadium so the team could qualify for nearly […]
Toon in every Wednesday!
Sports Business Journal has released its annual 50 Most Influential in Sports Business list. Your top baseball guy is, no surprise, Bud Selig at number 6. Part of the comment on Selig: “While he’ll never be fully appreciated or beloved by the public, Selig remains highly popular with club owners and fully secure and effective […]
It’s the divorce that keeps on taking: San Diego Padres owner John Moores told MLB.com this weekend that he has hired Goldman Sachs to identify potential buyers for the ballclub. Moores, who bought the team in 1995 for approximately $80 million, said the international banking firm has been hired as a financial advisor to study […]
Chew on this the next time your local columnist spouts off about how baseball salaries are out of step with reality or out of touch or insensitive or whatever the hell else mere economic transactions are incapable of being: Major League Baseball players received about 52 percent of leaguewide revenue last season, said MLB’s Rob […]
. . . Darren Rovell reports that the Wilpons had money tied up with the spectacularly-disgraced Bernard Madoff: It’s believed Madoff and the Mets owners have been connected for at least 20 years . . . The question now is how much money was invested? If we’re talking hundreds of millions of dollars, which is […]
Mark Anderson of the Las Vegas Review-Journal polled a handful of Winter Meetings attendees about the viability of major league baseball in Sin City: But even though Major League Baseball isn’t coming to the valley anytime soon, that doesn’t mean it shouldn’t be here. Boston Globe writer Nick Cafardo, who was in town this week […]
The economic downturn hits the bush leagues: At the minor league job fair and trade show, the topic on many minds was the floundering economy, which was expected to have a far more pronounced effect on baseball’s lower levels than on the major leagues. Many minor league teams are searching for creative ways to save […]
Even if Blagojevich hadn’t gotten all extorty with Sam Zell, the state-helping-the-Cubs-with-Wrigley thing would have been sunk by the Tribune’s bankruptcy: Before Gov. Blagojevich’s arrest, his administration and Tribune Co. were discussing a $250 million bond deal for the purchase of Wrigley Field, the chairman of the Illinois Finance Authority said Wednesday. William Brandt Jr., […]
We’ve all made jokes about the Angels’ name, but I didn’t realize that someone was suing over it: The legal fight over the Angels’ name went into overtime on Tuesday, when a state appellate court said it would delay a scheduled ruling for as long as three weeks . . . . . . By […]