Posted July 23, 200321 yr heres part of that article Admin Beinfest, Marlins The Marlins are still another team right on the cusp of contention, but it wouldn't take much to push them over the edge in the other direction. The NL wild-card sweeptakes look a little crowded for their liking. Team owner Jeffrey Loria has promised the Marlins fan base -- such as it is -- the team is committed to staying in south Florida and winning. But it's going to be very tempting for Beinfest to package in-demand commodities like Mike Lowell and Brad Penny. The arrival of Ugueth Urbina last week seemed to send a signal the Marlins were in the race for keeps. But things can change quickly. Link
July 23, 200321 yr This article is a definite nominee for the "Welcome to last week" award. No way Beinfest trades Lowell now, no matter how much sense it makes. Loria would be better served to just back up the moving vans if he goes back on his word and shops lowell.
July 23, 200321 yr That is quite possibly the funniest shite I've seen on this board. When I saw it the other night I actually laughed out loud.
July 23, 200321 yr That is quite possibly the funniest shite I've seen on this board. When I saw it the other night I actually laughed out loud. So did I... So unexpected... :lol
July 23, 200321 yr I'm starting to think the utter hatred of Loria and the Marlins stems from Loria being an outsider in the owners ranks. He isn't one of the typical old boys clubs with lots of inherited money, atleast to my understanding. Its obvious that theirs something deeper than meets the eye...
July 23, 200321 yr I'm starting to think the utter hatred of Loria and the Marlins stems from Loria being an outsider in the owners ranks. He isn't one of the typical old boys clubs with lots of inherited money, atleast to my understanding. Its obvious that theirs something deeper than meets the eye... I disagree. You think an owner "outsider" (whatever that is) would be able to pull off the deal he did with MLB to get out of our 51st state to the North?
July 23, 200321 yr I disagree. You think an owner "outsider" (whatever that is) would be able to pull off the deal he did with MLB to get out of our 51st state to the North? Yeah what a sweet deal he got. After they figured out that the FLA AG was going to put up a fight and had to back off contraction they let him have the Fish. How did Loria benefit? He went from one contraction candidate to the other. MLB benefited because instead of having to run two teams they only have to run one. Loria is no favorite son of the MLB establishment.
July 23, 200321 yr No matter how bad either franchise got, there is no way you convince me that the Marlins franchise was as bad or worse than Montreal. As remote as it may seem, there is the promise of potnential in this large market. Loria could of dug up Tris Speaker, Babe Ruth and Ty Cobb, resuccitated them and threw them out on the carpet in 'Treal.... Still wouldn't of drawn flies.
July 23, 200321 yr No matter how bad either franchise got, there is no way you convince me that the Marlins franchise was as bad or worse than Montreal. As remote as it may seem, there is the promise of potnential in this large market. The point isn't which franchise is better, no doubt theres more potential in South FLA. The point is that MLB didn't do Loria any favors. Basically they preferred to get rid of the Expos and Marlins. They set up Henry with the Red Soxs, Loria they were ready to cast out. Then the political/legal process derailed contraction and they were left with either running (and thus assuming the expenses of) both teams or letting Loria have the Fish, which they did. Loria isn't like the rest of the owners. He can't pour his own money into the team, he's on a budget and he comes off as a bit of a hokey wantabe fan. I think thats part of what drives this. It diseminates down from the owners and MLB establishment to their personel and then over into the media who here from these people about how horrible Loria and company are. To be sure, Loria has did some things to further the image of him as not belonging, but still alot of this looks like pure bias, especially the spin on the Urbina deal.
July 23, 200321 yr That is quite possibly the funniest shite I've seen on this board. When I saw it the other night I actually laughed out loud. FiletO'Fish, you laugh? Ever? Really? Say it isn't so? :w00t
July 23, 200321 yr I'm huffing mineral spirits today.... Loria isn't like the rest of the owners. He can't pour his own money into the team No, that's what makes him like most of the other owners. Illitch almost bounced payroll checks a year ago during the season, and Texas can't afford ARod anymore. It's not about personal money, it's about how wisely they use it. Owners have realized that throwing moeny, whether it's out of their personal estate or the franchise revenues, isn't worth it. There isn't enough return. Loria is jsut like the rest of em...
July 23, 200321 yr No Loria can't pour the money in. Its not an option, he doesn't have that kind of money. Most of the other owners recognize that they shouldn't pour the money in. Loria is a poor man among the owners based on my understanding of the landscape.
July 23, 200321 yr Loria's PNW is circa $400 mil. The team is valued (as of 4/2002 in Forbes) at $165-167 mil (depending on who you beleive, Forbes or Selig). Loria paid $150mil. So, he's worth 400 mil and has already realized approx 15-17 mil (6-9 percent) in equity increase in the value of the club since he "purchased" it. SOunds like a sound financial move to me. Pay $150 mil (of which 15 mil you borrow from MLB at a dirt cheap rate) and then pull massive equity increases as the investment matures. Doesn't sound too broke to me. It's not that he can't. He, like other owners, won't. You don't amass millions in PNW by throwing money into a black hole.
July 23, 200321 yr I don't have Loria's bank statement in front of me so I suppose we'll have to agree to disagree. Suffice to say, I'm pretty confident that I'm on the right track with regards to Loria and the distain the baseball establishment has for him and its roots. Time will tell.
July 23, 200321 yr Loria's PNW is circa $400 mil. The team is valued (as of 4/2002 in Forbes) at $165-167 mil (depending on who you beleive, Forbes or Selig). Loria paid $150mil. So, he's worth 400 mil and has already realized approx 15-17 mil (6-9 percent) in equity increase in the value of the club since he "purchased" it. SOunds like a sound financial move to me. Pay $150 mil (of which 15 mil you borrow from MLB at a dirt cheap rate) and then pull massive equity increases as the investment matures. Doesn't sound too broke to me. It's not that he can't. He, like other owners, won't. You don't amass millions in PNW by throwing money into a black hole. Loria still has to pay off a $20 Million loan from MLB from when he bought the team...
July 23, 200321 yr 20 mil at a dirt cheap rate...Who cares. He took the 20mil he would of spent originally and is making twice the interest off it than MLB is making on the 20mil they loaned him. The loan from MLB wasn't a bailout. It was an incentive. It's not like Loria couldn't make the final 20 mil without a loan.
July 23, 200321 yr Checking Forbes accounting of our team from 2001 (worse financially than it is now), we could go 6 years until our liquidity runs out, so we are very secure. The Tigers have a better chance of folding due to money than we do.
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