Phil Castellini surprised that Opening Day tickets still unsold

[LeatherPants]

Clemenza had bigger balls, he was ready to ace a cop over a rug and Tessio cowered to the Don in the theater in front of Vito

They could just put Hagen in charge, but he isn't Sicilian.

[Bob Sheed]

That's the entire purpose of said billboard.

Umm, not exactly.

The entire purpose of the billboard was to get other people to pay for advertising their podcast, by attaching it to a theme that most Reds fans feel strongly about.

And it worked. They even got to pocket a few hundred dollars on top of the fact.

I wish people would quit pushing the narrative that it was all about getting Bob to sell, when 80 percent of the billboard is advertising a podcast.

To review. They were disingenuous. They got away with it. Just like Castellini is disingenuous and gets away with it.

Anyone who says differently is selling something. Probably that stupid podcast I hope no one consumes, because people like that suck. The end.

[SidneySlicker]

I was not (and still am not) a Marge fan, I didn't stop going then either.

Here's the Reds biggest problem ownership wise, there are too many cooks in the kitchen and most of them are in the business of making a lot of money.

Is there any other ownership group in professional sports that has the ownership interest split as many ways as the Reds? I can't think of any. It's not unusual to have a few minority owners, but in those situations it's a very small split of the interest. I can't even imagine how decisions are made in this group when the controlling owner has what a 35% stake? Everything about the ownership situation with this organization is just reeks, and that goes from the set up to the nepotism involved.

[cumberlandreds]

Someone on twitter (I know it's a cesspool) brought up a good point, because wasn't the BAM-tech payment in 2020? Because that's $70 million or so that every team received that year that, for whatever reason, doesn't count as "revenue". More than enough to make up for any loss in revenue.

I think I have read that the Bam Tech money doesn't count as revenue but have no idea why?

[LeatherPants]

I think I have read that the Bam Tech money doesn't count as revenue but have no idea why?

It's so they don't have to share it with the players.

[MoneyInTheBank]

I think I have read that the Bam Tech money doesn't count as revenue but have no idea why?

Can someone explain the BAM tech thing? I'm not familiar with it

[MoneyInTheBank]

80 percent of the billboard is advertising a podcast.

Just give it another week and 468% of the billboard will be advertising a podcast

[LeatherPants]

Can someone explain the BAM tech thing? I'm not familiar with it

The tech that drives Disney Plus was developed by a company that was owned by MLB, who developed the MLB app. MLB sold most of their chunk of the company to Disney for $1.9 billion, with each team getting about $66 million. MLB has a 5% stake remaining in the company, with each team getting something like $2 million a year from it.

(These numbers might be a bit off, but I'm doing it from memory because I'm lazy)

[cumberlandreds]

Can someone explain the BAM tech thing? I'm not familiar with it

Here's their website. Basically its the ability to access multiple things on multiple devices whenever you want. MLB technologies first devised this nearly 20 years ago.

https://www.bamtechmedia.com/

[LeatherPants]

Here's the original Bam Tech announcement from 2017. Numbers changed since then.

https://mlb.nbcsports.com/2017/08/09...ee-none-of-it/

[REDREAD]

I'm not a subscriber so I can't read the article but Nightingale does mention Castellini whining (my words, not his) about a $40M loss in 2020.

Not a great source but I did find this and I can't help but wonder if a really rich guy who has closed books may be bending the truth a bit...

https://www.pennbets.com/mlb-revenue...-ticket-sales/

The chart in the linked article estimates the Reds lost $43.7M in "potential ticket revenue". Are they trying to disingenuously peddle this figure as a net loss?

When a baseball owner says he "lost 40 million".. what he really means is that he made 40 million less than he hoped.
We had a post on this.
Some "insider" in 2020 claimed the club was losing money, stated stuff like the club has over 100 million in miscellaneous expenses, etc.
We did the math, using his numbers, and the conclusion was, at most, the club lost 10 million before factoring in the savings of no minor leagues.
The players ate the bulk of the losses, since they were paid prorated -- which is consistent with the owners saying that payroll is their largest expense.
So if you lose your largest expense, that really cushions the blow of not selling tickets.
I know you that you know all this stuff, I'm preaching to the choir, just wanted to say how outrageous that 40 million dollar "loss" claim is.
Articles like this don't talk about how the players not being paid for the missed games while the owners still got TV money (IIRC) for lost games.

[Redsfaithful]

Thomas L. Williams, the president and CEO of North American Properties and W. Joseph Williams Jr.’s brother. He is one of the principal owners of Skyline Chili, purchasing it in 2020 to ensure the iconic local brand remained in local ownership.

Cincinnati is really bizarre sometimes

[westofyou]

Cincinnati is really bizarre sometimes

I thought Skyline had more charm when it was a joint nestled in little brick shopping malls with six seat counters. Now it's pure Fast food

[REDREAD]

Well, that is certainly bad news. The mediocrity, at best, will continue for the foreseeable future.

No more peaks or valleys

[REDREAD]

Umm, not exactly.

The entire purpose of the billboard was to get other people to pay for advertising their podcast, by attaching it to a theme that most Reds fans feel strongly about.

And it worked. They even got to pocket a few hundred dollars on top of the fact.

I wish people would quit pushing the narrative that it was all about getting Bob to sell, when 80 percent of the billboard is advertising a podcast.

To review. They were disingenuous. They got away with it. Just like Castellini is disingenuous and gets away with it.

Anyone who says differently is selling something. Probably that stupid podcast I hope no one consumes, because people like that suck. The end.

No one thought the billboard would force Bob to sell the team.
The purpose was to publicly express displeasure and embarrass Bob and the Reds.
If you didn't want to donate to it, then that's fine, but you don't know why other people like me did donate to it.