Articles matching tag: Marlins
- Column: MLB Franchise Values Continue To RiseMay 11, 2017
“The report of my death was an exaggeration.” Mark Twain, 1897 For years, polls and pundits have suggested that baseball’s popularity – and economic vitality - is dwindling, especially when compared to football. Based on the most recent estimated MLB franchise values published by Forbes, nothing could be further from the truth. Thirty years ago 23% of sports fans named baseball as their favorite sport, compared to 24% who chose football. According to the most recent Harris Poll published last year, football trumps baseball by 18 percentage points, 33 percent to 15 percent. However, the poll results only tell one story and the numbers are hardly a reflection of the financial state of MLB.
- Column: Marlins Owner Jeffrey Loria About To Cash InDecember 29, 2016
Move over Ozzie and Daniel Silna. The brothers parlayed a $1 million investment in an American Basketball Association team in 1974 into an estimated $800 million return from NBA television rights over a period of 40 years. That deal is considered by many to be the greatest sports investment of all time. Miami Marlins owner Jeffrey Loria is about to trump that. In 1999, Loria, an art dealer who was educated at Yale and Columbia, purchased a 24 percent stake in the Montreal Expos for a mere $12 million investment, also becoming the team’s managing general partner. At the time, Loria was viewed by the locals as the savior of baseball in Montreal. Little did they know that he was really a wolf in sheep’s clothing. Loria quickly proved to be a deft opportunist and a master at taking advantage of fortuitous circumstances.
- Column: Marlins Suing Season Ticket HolderMay 12, 2016
Angry sports fans may have found a lawsuit they can rally around. The Miami Marlins are suing a season ticket holder for failing to pay for tickets he didn’t receive. The fan’s attorney filed a motion to dismiss the suit and claims “the team reneged on everything” it promised. Until the revenue from media rights fees skyrocketed, season tickets were the lifeblood of sports teams. And Mickey Axelband was a sports team’s dream. He had been a Marlins season ticket holder since the team’s first game in 1993. In 2011 he agreed to purchase two season tickets for 2012 and 2013. Axelband paid a total of $24,300 for the first year but after the team allegedly reneged on its promise to provide him certain benefits – e.g., seats in a special lounge - he stopped attending games and refused to pay for the second year of his contract. The Marlins elected to sue.