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, let’s take a look at the top 10 most expensive sports franchise purchases of all-time. 

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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 barstools in the Monster seats while the pitching staff is grilled.

Many fans are still trying to buy tickets to Fenway Park to satisfy their desperate need to see good pitching. More are realizing that the fix may not be found at Friendly Fenway, but at least they can find a Sloe Gin Fizz while the Sox fizzle.

A couple of Cape Codders may be just what the bartender recommends to the couple that drove up from Barnstable on Old Cape Cod.

On the cocktail list is the cool and refreshing green Grasshopper, made from crème de menthe and some light cream.

Now your drink will color coordinate with the Green Wall.

Strung out Red Sox fans will demand that Theo Epstein needs to find a Man with a Golden Arm.

No, we do not mean another pitcher, but a cocktail wizard who can make a pitcher of martinis.

Red Sox fans are growing used to seeing the starter chased in the second inning. Now the chaser will arrive in the third inning.

As the pitching staff gets shellacked, fans will now be singing a few bars of “My Melancholy Baby” instead of “Sweet Caroline.”

Many long-time Sox addicts have been grateful for A Hatful of Rain recently. It may be a Long Day’s Journey into Night before genuine sobriety and victory emerge again for Red Sox Nation.

No one wants another Lost Weekend or even the Days of Wine and Roses. If Red Sox losses continue, what strange brew will become the choice of designated drivers?

Meanwhile, Red Sox Nation will have another round. When you’re in the cellar of the American League, there’s only one direction to go: Bottoms up, fans!

Read more MLB news on BleacherReport.com

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 in the team.”

Fred Wilpon needs to sell the Mets majority share to Donald Trump. It’s the right thing to do for a Mets franchise that is caught right in the middle of the biggest scam in Wall Street history.

Donald Trump, who is from Queens, makes perfect sense as the Mets new majority owner.

His celebrity, coupled with his desire to be the best, make him an ideal candidate to save the Mets franchise.

With Trump at the helm, the Mets would once again compete for the New York spotlight with the Yankees.

Fred Wilpon…You’re fired!  

Read more MLB news on BleacherReport.com

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 of the NWL, despite ending an 11-year partnership with the Oakland Athletics.

Many fans do not get excited over deals such as this one.  In today’s game many focus on playoff races, A-Rod gunning for another 30 home run, 100 RBI season, the drama inside the St. Louis Cardinals clubhouse, or where Joe Torre will end up next season.

For those interested in the particulars and the reality of this collaboration, let’s take a moment to talk about some newsworthy Canadians info.

  • Nat Bailey Stadium has housed the Canadians for nearly 60 years (2011 will mark the Big 60!)
  • 154,592 fans in 2010
  • Second consecutive season that they have established a new attendance mark
  • Triple-A World Series Champions (1999)
  • West Division Pennant (2004/2005)
  • Second-Half, West Division Champion (2010)

The 2011 season will be and extremely important one for the Canadians: New ownership, new expectations, and more fans. 

Is there any doubt that this new journey will be a success? None whatsoever!

There were mumblings from critics and so-called experts that the Jays might touch 65 wins this year.  Despite a recent 10-game stretch (3-7), the Jays have exceeded all expectations, and are poised to make 2011 even better.

How does this help the Canadians? The Jays are a first-class organization that has bred champions.

A tireless off-season, dedicated employees and an excitement that one rarely finds, can only point to an upcoming 2011 that will have fans from coast-to-coast cheering till their heart’s content.

This article can also be found on The GM’s Perspective

Read more MLB news on BleacherReport.com

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 Double Play.

According to the Florida Department of State, Division of Corporations, Double Play is owned by both Marlins owner Jeffrey Loria and Samson, effectively paying themselves for the period shown.

Loria and Samson have been crying poverty to anyone who would listen over the course of the last several years. The leaked documents prove otherwise, and now both men are scrambling to explain to the public why they should be entrusted with their fans’ hard earned money to provide sound entertainment value.

You can follow Doug on Twitter, @desertdesperado.

Read more MLB news on BleacherReport.com

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:

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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 corporately sponsored by, say, Target—like Minnesota’s new stadium, it is fairly likely that Mr. Selig would move the game.

So why won’t the 2011 MLB All-Star Game be moved from Arizona?  Simple two-word answer: Chase Field.

It may as well be called JP Morgan Chase Field.  The Chase Manhattan Corporation merged with JP Morgan & Co. in the year 2000, forming the third largest financial institution in America.

It is known as one of the “Big Four” banks in the United States—along with Bank of America, Citigroup, and Wells Fargo.

For all the power and money that Major League Baseball is worth, comparing the wealth of MLB to JP Morgan Chase & Co. is sort of like trying to buy a new car with couch change.   

Major League Baseball and Selig are way too smart to even entertain or suggest moving the game for fear of repercussions that would assuredly arise if they went against the will of any of the “Big Four.”

The entire situation has been called a political issue—not true.

It’s an economic issue.

Take the 2008 Presidential campaign, for example.  The investment firm Goldman Sachs was the largest contributor to the Presidential campaign of Barack Obama.

And, get this; Goldman Sachs was also the largest contributor to John McCain’s run for office—talk about hedging your bets.

What does Goldman Sachs have to do with the “Big Four?”  They act as the conduit so Bank of America, Citibank, JP Morgan Chase, and Wells Fargo can keep their hands clean.

It is a common misconception that politicians actually run this country.  While they do wield power, big decisions come down to money and the “Big Four”—a pickle in which Major League Baseball finds itself concerning the 2011 All-Star Game. 

Selig knows that to move the game from Arizona’s Chase Field would infuriate JP Morgan Chase—and JP Morgan Chase has the power to bankrupt baseball faster than the speediest typist in the world can put “qwerty” on their screen.

There is one unlikely scenario that would make a move from Arizona possible: if the faltering bank were allowed to go bankrupt itself, like Houston’s former Enron Stadium.

But Enron was an energy corporation, whereas the “Big Four” are financial institutions—the heart and soul of what keeps this country running, albeit on life support.

Given Washington’s propensity to lend the “Big Four” trillions of dollars makes it even more unlikely. 

There is a lot that could happen in this country over the next year and two months. 

The “Big Four” could all go bankrupt.

However, if that were to happen, it is unlikely that baseball would exist as we know it today. 

Baseball fans would probably be looking at John Rocker coming out of retirement and named the starting pitcher, possibly the only pitcher, on the National League’s staff.

Long story short: Don’t mess with the “Big Four.”

Read more MLB news on BleacherReport.com

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