Tag: Sports Business

The Los Angeles Dodgers and the Top 10 Sports Franchise Purchases of All Time

What do 40 Gulf Stream jets, a lifetime supply of Donald Trump's hair products and the Los Angeles Dodgers have in common?They all cost $2 billion.  On Tuesday, a group called Guggenheim Baseball Management LLC ponied up just over two billion greenbacks to lay claim to the Dodger franchise after a nasty divorce between the previous owners, Frank and Jamie McCourt, forced the team onto the market. The $2.15 billion purchase, led by Laker legend Magic Johnson and über film producer Peter Gruber, not only set the record for the most expensive acquisition of a sports franchise, it obliterated it. Previously, the record amount paid for a sports team was the 2005 procurement of Manchester United for $1.47 billion. Add a half billion dollars more to that figure, and you come up with what a top-three market baseball team goes for these days. For a perspective on the astronomical nature of the Dodgers deal, ...




Boston Red Sox Offer Mixed Drinks to Fans! Cheers in Boston Again!

From Palm Springs to City of Palms, Red Sox Nation has sought professional help for their stressful inability to handle the agony of defeat. As for ownership, they have applied from the city of Boston for a license to offer mixed drinks at Fenway to help fans cope with the most expensive, losing team in Sox history. See WHDH-TV - Board approves sale of mixed drinks at Fenway for details. Hard-drinking Red Sox fans could start to flood counseling centers across America after watching the Sox play for three or four hours at the Fenway Saloon. Many fans that wear pink hats may begin to see pink elephants as the nightcaps flow along the concession stands. Can plain brown paper bags as head-wear be far behind for bleacher bums? Who cares if the Sox lose when you’re in Marguerita-ville? At the new Fenway Bar and Grille, you can sit on ...




Donald Trump Should Buy The New York Mets and Save The Franchise

Several reports have surfaced that the Wilpon's have reached out to Donald Trump in regards to purchasing a minority share of the New York Mets.Earlier this year, Fred Wilpon was encountered with a lawsuit seeking up to $1 billion to repay victims of the Bernard Madoff Ponzi scheme.As a result, the Wilpon's have explored selling up to 25 percent of the club to offset a potentially staggering settlement. The Wilpons certainly have suitors for the Mets, but like Trump, current buyers are only interested in a majority share, something Fred Wilpon has been uninterested in sacrificing.When asked about his interest in a minority stake of the Mets, Trump responded in third person, "If you look at Trump's record, he is only interested in things he can control."Trump added, "The Wilpons are friends of mine, and I really hope it works out great for them. But if anything doesn't work out for them, I'd be interested ...




Toronto Blue Jays Make It Official, Welcome the Vancouver Canadians Into the Mix

Early Friday morning The GM's Perspective reported that the Vancouver Canadians were set to become the newest member of the Toronto Blue Jays family. I mentioned to a friend in an email this new partnership between the Canadians and Jays brings together two hotbeds of baseball and situates them under one umbrella. Those exact sentiments have been expressed in a press release on the Canadians website. "One of the goals we set out to achieve when we purchased this club was to ensure that baseball fans locally felt like the C's were their team. I think this pairing with the Blue Jays will bring baseball fans closer together from coast-to-coast." Specifically, the Jays signed a four-year player development deal with the Canadians, a member of the Northwest League (A).  The Canadians on the other hand, will remain a member ...




Florida Marlins Executives Scramble To Defend Public Funding of Ballpark

Florida Marlins president David Samson has no shortage of critics these days in Miami-Dade County. He can thank Deadspin.com for his troubles. On Monday, August 23, Deadspin.com obtained the financial records of the Marlins covering the 2008-09 seasons, and the fallout was not pretty. When the Marlins approached Miami-Dade County officials for financial help in constructing a new baseball facility, they contended that the Marlins only break even financially year after year, the centerpiece argument for obtaining local government funding. In fact, documents show the Marlins could have covered a substantial amount of the new stadium’s construction themselves and still turned an annual operating profit. Documents obtained by Deadspin.com revealed that the Marlins had an operating income of over $50 million in the last two fiscal years. Further documents that were recently revealed have shown that the Marlins paid out a "management fee" of $5.4 million over that same two year period to a company called ...




Ten Reasons Why The Future Looks Bright for the Marlins

The Marlins, a young franchise, with two World Series titles on their resume, have to be excited for the future.  Over the years they have been the subject of ridicule for their attendance numbers and low payroll.  The fan base has witnessed not one, but two World Series teams get dismantled for financial reasons.However, now more than ever, the enthusiasm behind this team is growing and here are the ten reasons why:Begin Slideshow




2011 All-Star Game: Will It Move Out of Arizona?

The Arizona Immigration Law is undoubtedly stirring a lot of emotions.  If you have not heard of it, then feel free to go back to sleep. Your government will take care of you—that's a promise—well, from them. In 2011, Major League Baseball's All-Star game is scheduled for Arizona. This has people in a tizzy, calling for the MLB to move it, cancel it, have all the players wear pink berets instead of ball caps, hold special ceremonies honoring the vast number of Hispanic ball players, etc. None of that will happen.  Especially the pink berets—that was just made up.  In fact, it would not be at all surprising to see MLB's commissioner, Bud Selig, fine players who boycott the game on the grounds that the law is unjust. If the Arizona Diamondbacks had a non-sponsored baseball stadium like, for example, Cincinnati's Great American Ball Park, the commissioner would relocate the game in half of a hiccup. Even if it were ...




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