Originally posted by GAC
To be honest. If I was a billionaire, I'd probably have no problem doing it. But then I'm a baseball-addict (and Carl is not)
Then perhaps he should have invested his billions in something other than a baseball team, as should the other LTD partners. By the way he really isnt out a dime is he? IIRC didnt he take his purchase price for the team from the teams revenues the first couple of seasons?
I have no problem with a $60 million payroll if indeed we do see that. I have a problem with a supposed business genius investing his money in a venture that "continually loses money" if you listen to over half the owners, and not expecting to do the same to remain competitive. Not that they do lose money, I really dont think most of us are naive enough to believe this. But a baseball team is NOT like other businesses. A truly savy businessman would have done the homework and realized that if he wanted a break even business from operating revenues perhapse he should have invested in something else. With the new mostly public financed stadium I guarantee you he has doubled his equity in the team. I compare owning a baseball team to owning real estate. You dont necessarily make a living from the rent, but you are building equity...paying off the mortgages etc.
Again I am satisfied with $60 million for payroll, however if its obvious come the trading deadline that we could compete with the acquisition of a Findley or Colon and he doesnt approve such a purchase, than I question his motives and intentions for buying our team. Why buy a baseball team to just compete? If as I have heard countless times baseball is a business, then why not treat it as such. Who invests in a business to just break even? I am a business owner as well and when I decided to start my own business, I didnt do it with the intention of "not losing money".
And if your not a baseball fan, I respectfully submit that perhaps your money would be better spent elsewhere.
Sorry if this has gone on or I didnt make sense, its still early for me and Ive only had one cup of coffee.