This week’s web pick is Deadspin’s publication of financial documents relating to six (so far) MLB organizations.
MLB clubs are notoriously secretive when it comes to their finances, which has made the leak all the more potent. Needless to say, the teams involved have been in PR overdrive to try to counter the plethora of negative stories that have sprung up. Many have been on the theme of lowly organizations pocketing their revenue sharing money to turn tidy profits while their teams languish in the standings.
The organizations have every right to be outraged at the public airing of what are supposed to be confidential documents and it’s no surprise that they are now rabidly hunting down the person who leaked the documents. Still, for baseball fans keen to know a bit more about the financial side of the game, they are an absolute treasure trove as until now a lot of the figures used to evaluate ballclubs, player contracts excepted, have largely been educated guesses.Â
What’s more, these figures will undoubtedly have an impact on the next Collective Bargaining Agreement.
Part 1: Pittsburgh Pirates, Tampa Bay Rays, Florida Marlins, Los Angeles Angels of Anaheim
Deadspin’s round-up of ‘the fallout’
1 comment
What surprises me is the fact the spread sheets explain what the problem is with the Rangers, but it doesn’t really explain how the owner got himself into such finacial difficulties.
A few weeks ago, I was watching a Yankee game and they were talking about Arod’s original quarter of a billion dollar ten year contract, and broadcaster Micheal Kay explained that a lot people believed that is where owner Tom hicks finacial difficulties first started. I am not really sure that I can totally buy into that because they failed to mention his purchase of Liverpool FC, with largely borrowed money that is too my mind at the root of the Rangers Bankruptcy situation and Liverpools Current finacial problems. That too my mind is at the root of his finacial situation. Paying for something, for which he didn’t have the money for.