In a recent column by Dave Hyde, he notes that in a deposition regarding the Braman lawsuit, Miami-Dade mayor Carlos Alvarez states that he had never seen a Florida Marlins financial statement.
Yes Virginia, there is a P&L.
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Tuesday, June 10, 2008
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4 comments:
And it's amazing too how baseball teams are famous for "hiding profits."
The Marlins have a strong incentive to keep trying to hide their profits, especially when those profits are driven by Revenue Sharing monies - monies which are intended to help low revenue teams compete.
What's not obvious is why the Player's Union & MLB Payer teams [Yankees, Dodgers, etc.] don't object more publicly to teams who just pocket their monies.
In the case of John Henry [Red Sox], maybe it's a way for him to keep his promise of financing a stadium for the Marlins.
This adds to the wisdom of mandating not a salary cap, but a salary base. There really needs to be a limit on how small a team's payroll can be, particularly, as pointed out above, when high-spending teams are penalized by revenue sharing.
If that drives owners like the marlins' pack of apathetic pirates out of MLB, it's win-win.
Arrrggggggggg!
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