Archive for Business
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 […]