If I weren't personally at game 7 last year and saw a more insane game with my own eyes, I'd have called Game 5 the most insane World Series game ever.
Rooting for the Astros, but I really want a game 7.
Bob Nutting is all about lining his pockets. He doesn't give a shit about the team doing well. People will still come to the park because PNC is beautiful and a nice place to spend a Summer day, regardless of the product on the field. He's not even trading for prospects for the future of the team. He's trading for MLB-ready guys that are cheap and not-very-good, but have team-friendly contracts.
Never ever fund a stadium with city money.The 2008 county agreement that had Miami-Dade fund the bulk of the $515 million government-owned stadium in Little Havana gave Miami-Dade and Miami the right to 5 percent of any profits Loria and partners might reap if they sold the team within 10 years. But Loria could deduct team debt, certain expenses and taxes tied to a sale, and county officials and team executives privately predicted Loria wouldn’t agree to give up any of his revenue from the October sale to Derek Jeter and partners.
...In a brief report sent by Loria’s lawyers, his organization said the terms of the deal resulted in a profit-sharing calculation of zero. The reason? About $280 million in debt that lowered the profits from the $1.2 billion sale, plus an agreed-to underlying value of the franchise of about $625 million, based on it getting more valuable each year. Add in nearly $300 million in taxes tied to the sale by Loria and partners, and Loria’s accountants claim the sale amounted to a loss of $141 million. Loria also deducted the $30 million fee paid to the financial advisors hired to negotiate the deal.