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06-09-2020, 08:57 PM | #466 |
World's Best Boss
Join Date: Jul 2007
Location: Bronco Country
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Posts: 18,353
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06-10-2020, 09:29 AM | #467 |
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Join Date: Nov 2001
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Posts: 55,016
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06-10-2020, 09:30 AM | #468 | |
Rabbi Goldmann
Join Date: Nov 2012
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Quote:
Second, we already know what their numbers are because Forbes produces them every year. Forbes has moles everywhere and they have the books in essence. Their reputation in the financial space is sterling. |
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Posts: 87,025
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06-10-2020, 09:39 AM | #469 |
Hockey Town
Join Date: Apr 2005
Location: Kansas City, Missouri
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No one believes that a bunch of dudes that are smart enough to make billions of dollars in business buy baseball teams because they lose money or don't make much, no one believes that bullshit.
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Posts: 111,158
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06-10-2020, 10:06 AM | #470 |
The Insider
Join Date: Jan 2004
Location: Lake of the Ozarks
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They make money but they aren't the major money makers everyone thinks they are. Most are just pride, status and play toys for billionaires. NFL as a whole would be a top 200 company in the country. Sports teams are just in the public eye more than other companies.
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Posts: 49,807
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06-10-2020, 10:58 AM | #471 | |
Sauntering Vaguely Downwards
Join Date: Sep 2005
Location: Columbia, Mo
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Quote:
Didn't the Royals have the highest payroll in the league for a period? My memory is that he took serious heat in the early 90s from owners groups for driving salary inflation. But ultimately, as has been noted, DVRs driving the value of live events through the roof and the creation of revenue sharing has changed EVERYTHING. 20 years ago teams were at least breaking even. Every couple of years you'd hear about a team that was struggling but there were never any risks of a team outright folding. Over the subsequent 20 years, MLB revenue has increased significantly faster than the share distributed to players. Things have tilted substantially towards the owners. So how can a system that was no worse than break even for the owners 2 decades ago be 'not all that profitable' when the succeeding 20 years have been nothing but favorable for the owners? Made readily apparent by the exponential increase in franchise value over that period of time. Nothing Dewitt said there stands up to even a reasonable amount of scrutiny. |
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Posts: 60,810
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06-10-2020, 11:07 AM | #472 | |
Sauntering Vaguely Downwards
Join Date: Sep 2005
Location: Columbia, Mo
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Quote:
Nobody gives a shit who owns 5% of any baseball team. At all. They have no meaningful voting rights and little more access to anything 'fun' than your average high-rolling season ticket holder. They gain no status from it unless they were already famous. For guys who own a relatively small percentage, they don't get the benefits you're describing. It's strictly an investment mechanism. For many it's the long term investment/equity value, but it's no different than any investment in that regard - you expect long-term returns and periodic dividends. If they weren't getting that, they'd put their money elsewhere. Owners have been crying poor for as long as there have been owners. If the elimination of the reserve clause didn't kill the profitability of owning a baseball team, nothing will. They're absolutely profitable. |
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Posts: 60,810
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06-10-2020, 11:10 AM | #473 | |
Sauntering Vaguely Downwards
Join Date: Sep 2005
Location: Columbia, Mo
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But there's no damn way I'd open my books to my staff. It's just going to create confusion and ultimately division. No answer given will be enough because it simply never is. |
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Posts: 60,810
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06-10-2020, 11:13 AM | #474 | |
World's Best Boss
Join Date: Jul 2007
Location: Bronco Country
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Posts: 18,353
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06-10-2020, 12:33 PM | #475 |
Rabbi Goldmann
Join Date: Nov 2012
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I don’t take either side. If they want to play they will but if not, won’t affect me. MLBs far bigger issue is that nobody is even talking about it at all. They’re running a dangerous game of chicken with the consumer - “out of sight out of mind”
I suppose the best argument for opening the books is the massive public taxpayer subsidies these teams rely on (stadiums). That’s a far better argument for public transparency than a whiny players union. |
Posts: 87,025
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06-10-2020, 01:04 PM | #476 | |
The Insider
Join Date: Jan 2004
Location: Lake of the Ozarks
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Quote:
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Posts: 49,807
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06-10-2020, 01:18 PM | #477 | |
The Insider
Join Date: Jan 2004
Location: Lake of the Ozarks
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Quote:
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Posts: 49,807
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06-10-2020, 03:42 PM | #478 |
M-I-Z-Z-O-U
Join Date: Apr 2001
Location: Kansas City
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https://twitter.com/redturn2/status/...900322304?s=20
This thread does an awesome job breaking down why Bill DeWitt Jr. is a damn liar. There are definitely owners who haven't done as well as him. But the idea that the industry isn't tremendously profitable for the people who own the teams is outright silly. |
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06-10-2020, 03:52 PM | #479 |
M-I-Z-Z-O-U
Join Date: Apr 2001
Location: Kansas City
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Back to the draft talk:
There continue to be rumors the Orioles are calling around to see about prices for top P prospects with their second pick. That would indicate they are considering taking Nick Gonzales or Zac Veen instead of Austin Martin. If the Orioles don't take him, I think he makes it to KC. |
Posts: 21,166
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06-10-2020, 04:02 PM | #480 | |
Rabbi Goldmann
Join Date: Nov 2012
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Quote:
You and I could sit down over nachos and beers and sketch out the Royals P&L. And get about 90% there. |
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Posts: 87,025
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