Wednesday, March 21, 2012
Dodgers Valuation Up 75% To Headline The 2012 Forbes MLB Valuations
Related And Belated:
- A Dodger Stadium naming rights deal is possible but unlikely, says Jon Weisman.
- The Dodgers will no longer have Vin Scully calling games in Denver.
- Out Of The Frying Pan Dep't: Say hello to the Steven Cohen era. Cohen has many of the negatives associated with the Jim Crane ownership group in Houston. MSTI:
Now, I’ve been pretty clear how against Cohen I’ve been since the beginning of this process. Now that it seems he’s the clear frontrunner, I’m trying to look on the bright side here, and there’s one massive positive: Cohen and Soon-Shiong are estimated to be worth over $15 billion between the two of them. That means we may not have to worry so much about whether a record-setting purchase price would impact the ability to invest in the team and stadium; it also means that we may not have to worry about a large amount of debt being a part of the purchase price.
It’s also worth noting that a team owner doesn’t necessarily have to be out in front and charismatic, as McCourt tried (and failed miserably) to do. I don’t know if Cohen would plan to move to Los Angeles, and it might not matter. He could simply be the moneyman from across the country and allow Tellem or someone like him with baseball experience to run the team, and that’s fine. We all like the idea of the personable owner at the park every night shaking hands with the fans, and while that’s noble and potentially what a Magic Johnson ownership would be like, it’s also not always realistic. Plenty of owners simply let the smart people take the lead in public, and if the money is there and the meddling isn’t, that’s not always the worst thing in the world.