Baseball Still a Growing Industry
Speaking of hormones and drugs . . . this article from Forbes
shows that despite the negative publicity coming from high-profile big-leaguers "juicing up" and kangaroo courts in Congressional hearings, baseball continues to grow and generate huge profits for the franchises in the process. George Steinbrenner paid $10 million for the New York Yankees in 1973. Today the franchise is worth more than $1.3 billion . . . with a "b." Not a bad little turn around on his investment, is it?
The times may change, but the fundamentals of good baseball are still key to making profits. This is especially true in the smaller markets, like Cleveland: ". . . the blueprint for how to operate a franchise in a small market is the Cleveland Indians, who have shown that a team can win on and off the field if they invest wisely in player development and have good chemistry on the diamond. In 2006, the Indians won only 78 games. Last season, not only did the Tribe eliminate the Yankees in the playoffs but they generated $29 million in operating income, third-most in the American League."
11:12 AM / April 21, 2008
: include(/srv/users/prod-php-nltashbrook/apps/prod-php-nltashbrook/public/sd/nlt-blog/_includes/promo-main.php): failed to open stream: No such file or directory in
: include(): Failed opening '/srv/users/prod-php-nltashbrook/apps/prod-php-nltashbrook/public/sd/nlt-blog/_includes/promo-main.php' for inclusion (include_path='.:/opt/sp/php7.2/lib/php') in