04-21-2023, 12:01 PM
Incompetence? To the contrary, Fisher will come out of this an even wealthier guy.
Some rough numbers…
$1.5B for a new stadium (of which 1/3 will come from the state/local gov’t - do not be fooled by the political posturing, that is a typical ploy that politicians feel they must do to demonstrate they are not lackeys for the club owners. As we learned during the Raiders saga, Nevada will cut a deal once all the garments have been rended). That means $1.0B out of Fisher’s pocket.
Next, Forbes put the current value of the team at $1.18B. I think it is a fair assumption that value will increase substantially once the new stadium is completed and the team has settled in their new home.
Heck, if the value only triples (a rather conservative estimate, in my opinion), Fisher will have profited by over $2.5B.
He may not be the nicest guy in the world but he is nobody’s fool. He looks at the ball club strictly as an investment and he is doing what is necessary to increase the value of that investment.
As for Manfred, he has got to be thrilled. He is one brobdingnagian step closer to expansion to 32 franchises which will put a ton of money in the bank accts. of his bosses. He is on record as having said that once the Oakland/Tampa stadium issues are resolved, it will be time to add a couple new franchises. Oakland is done and Tampa is closer than they have been in quite some time - enough to to give baseball fans in Nashville, Montreal, Portland and Charlotte some real hope.
In other words, you are wrong, Fisher and Manfred are both in a great spot today.
Some rough numbers…
$1.5B for a new stadium (of which 1/3 will come from the state/local gov’t - do not be fooled by the political posturing, that is a typical ploy that politicians feel they must do to demonstrate they are not lackeys for the club owners. As we learned during the Raiders saga, Nevada will cut a deal once all the garments have been rended). That means $1.0B out of Fisher’s pocket.
Next, Forbes put the current value of the team at $1.18B. I think it is a fair assumption that value will increase substantially once the new stadium is completed and the team has settled in their new home.
Heck, if the value only triples (a rather conservative estimate, in my opinion), Fisher will have profited by over $2.5B.
He may not be the nicest guy in the world but he is nobody’s fool. He looks at the ball club strictly as an investment and he is doing what is necessary to increase the value of that investment.
As for Manfred, he has got to be thrilled. He is one brobdingnagian step closer to expansion to 32 franchises which will put a ton of money in the bank accts. of his bosses. He is on record as having said that once the Oakland/Tampa stadium issues are resolved, it will be time to add a couple new franchises. Oakland is done and Tampa is closer than they have been in quite some time - enough to to give baseball fans in Nashville, Montreal, Portland and Charlotte some real hope.
In other words, you are wrong, Fisher and Manfred are both in a great spot today.