[lex24]

Not sure who said Baseball ownership is a poor investment.  Professional Sports franchises are incredibly valuable.  

It's Rob Manfred who keeps saying this, specifically citing a recent supposed study by investment bankers.

https://sports.yahoo.com/the-lie-that-en...09626.html

. 

Think about that for a second - the Commissioner of a sport saying his product is a bad investment.  I realize it’s pure bullish-t.  But still. No one believes anything that clown utters anyway.  Worst Commissioner since Bowie Kuhn.

As an example, Johnson et al bought the Giants in ‘93 for 100 Million.  Obviously building* the park was a major expenditure.  But still - today they are valued at 3.1 Billion. According to one  source, Giants were worth 335 Million in  2002.  Pretty decent jump in 20 years. By contrast, I used a historical stock calculator. 335 million in ‘02 invested in market brings 1.6 Billion.

There is no shortage of bidders whenever a franchise comes up for sale or when there's been expansion. In fact, sale prices have consistently exceeded the Forbes estimates.

It's just insulting to our intelligence for Manfred to continue to insist that owners are suffering and that a baseball franchise is a poor investment.

Manfred is insulting to the intelligence.  Period.

[lex24]

Not sure who said Baseball ownership is a poor investment.  Professional Sports franchises are incredibly valuable.  

It's Rob Manfred who keeps saying this, specifically citing a recent supposed study by investment bankers.

https://sports.yahoo.com/the-lie-that-en...09626.html

. 

Think about that for a second - the Commissioner of a sport saying his product is a bad investment.  I realize it’s pure bullish-t.  But still. No one believes anything that clown utters anyway.  Worst Commissioner since Bowie Kuhn.

As an example, Johnson et al bought the Giants in ‘93 for 100 Million.  Obviously building* the park was a major expenditure.  But still - today they are valued at 3.1 Billion. According to one  source, Giants were worth 335 Million in  2002.  Pretty decent jump in 20 years. By contrast, I used a historical stock calculator. 335 million in ‘02 invested in market brings 1.6 Billion.

There is no shortage of bidders whenever a franchise comes up for sale or when there's been expansion. In fact, sale prices have consistently exceeded the Forbes estimates.

It's just insulting to our intelligence for Manfred to continue to insist that owners are suffering and that a baseball franchise is a poor investment.

Manfred is insulting to the intelligence.  Period.