bud selig allegedly cooked the books to show that major league baseball was a money-losing venture. this is a surprise?
the bits about the 60-40 rule are almost comical. long-term player contracts are debts, but long-term broadcasting deals aren't assets? remember this next time you're voting for some bond measure that would fund a new stadium for these crooks.
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How can a business be a losing venture when everybody will over pay to join the club? It seems that Bud just wants to keep his own interests protected by controlling who gets to join the ownership ranks. Let's see what MLB does with the Montreal Expos after the season. I expect that the 60/40 rule will not be applied if a buyer moves them to DC.