A Black Hole of Happiness

[Yanks in 9!]

Originally posted by ThurgreedMarshall
No. Because I think part of the value of the team is the fact that they always have a chance to win. Steinbrenner purchased the team for less than $10 mil in '73 and it's now worth well over a billion dollars. Do you think the team is worth that much if they make the playoffs every now and then?

I also think there is something to be said for building your brand. And Steinbrenner sees returns in other ways, because players all over the world view the Yankees as the benchmark for sports success and they want to play for us. And knowing we'll pay top dollar doesn't hurt recruiting either.

The next owner might not spend as much, it's true. But if they don't do what is necessary to win, I think the value of their investment may drop (although, that might not matter if they pull all that money out of the team annually).

But ask yourself that question. Why do the Red Sox spend so much? They don't need to to field a somewhat successful team.

TM

The Yankees are doomed to fail until they lift the Hillary's Carpetbagger's Curse!

The best bet at this point is to bankroll Obama's campaign to lift the dreaded Hillary Curse!

[Secret_Agent_Man]

Originally posted by Tyrone Slothrop
As with all else concerning the Boss' storied, stormy epoch, the transition to a new generation is filled with Sturm und Drang. The subtext to the family birthday party is family upheaval. Steve Swindal, once Steinbrenner's designated successor to run the Yankees and for now still his son-in-law, will be absent. Swindal and Jenny Steinbrenner are getting divorced, causing his dismissal from the Yankees, as well.

Either Jenny's a complete shrew or Steve is an idiot.

I'd put up with a lot of crap to get to run the Yankees.

S_A_M

[greatwhitenorthchick]

Originally posted by Secret_Agent_Man
Either Jenny's a complete shrew or Steve is an idiot.

There is, of course, another possibility.

[John Phoenix]

Originally posted by ThurgreedMarshall
Congratulations on taking dumbest post of the day! This is probably the best way to get noticed.

TM

Excellent. Now I suppose I should figure out how to walk the fine line between getting noticed for "dumbest post of the day!" and not getting put onto ignore lists. Wish me luck.

[Mmmm, Burger (C.J.)]

Originally posted by greatwhitenorthchick
There is, of course, another possibility.

Are you saying he might have better uniform ideas for the yankees than the former assistant to the travelling secretary?

[Tyrone Slothrop]

Originally posted by ThurgreedMarshall
No. Because I think part of the value of the team is the fact that they always have a chance to win. Steinbrenner purchased the team for less than $10 mil in '73 and it's now worth well over a billion dollars. Do you think the team is worth that much if they make the playoffs every now and then?

I also think there is something to be said for building your brand. And Steinbrenner sees returns in other ways, because players all over the world view the Yankees as the benchmark for sports success and they want to play for us. And knowing we'll pay top dollar doesn't hurt recruiting either.

The next owner might not spend as much, it's true. But if they don't do what is necessary to win, I think the value of their investment may drop (although, that might not matter if they pull all that money out of the team annually).

But ask yourself that question. Why do the Red Sox spend so much? They don't need to to field a somewhat successful team.

My understanding is that the Sox' new owners have made an awful lot of money on real estate around Fenway Park. Before they bought the team, that area was not great -- maybe not unsafe, but a lot of light industry and other crap. People thought the team might leave for a new park elsewhere, and didn't want to invest in businesses that depend on the ballpark. The team and/or its owners committed to staying there, and bought a lot of surrounding property. They've developed in a way that should be no surprise to anyway to who saw what happened to, e.g., the formerly unattactive area around PacBell Park (I refused to use the new names). I would surmise that the goodwill that they've earned from winning has been very helpful in making sure that their plans don't run into flak from local government/neighbors/etc. So, it's just a guess, but that might be return on the investment.

Or maybe they're subsidizing the team. John Henry certainly has cash to play with.

[handsome boy model]

Originally posted by John Phoenix
Excellent. Now I suppose I should figure out how to walk the fine line between getting noticed for "dumbest post of the day!" and not getting put onto ignore lists. Wish me luck.

The eternal plight of the newbers. Stay the course my friend, stay the course. The force is with us!

all the best,

hbm

[notcasesensitive]

Originally posted by Tyrone Slothrop
John Henry certainly has cash to play with.

This is heartening news. All those years of steel driving finally paid off?

[SlaveNoMore]

greatwhitenorthchick
There is, of course, another possibility.

That Jenny went out to lunch with a client, then switched team loyalty?

[ThurgreedMarshall]

Originally posted by Tyrone Slothrop
My understanding is that the Sox' new owners have made an awful lot of money on real estate around Fenway Park. Before they bought the team, that area was not great -- maybe not unsafe, but a lot of light industry and other crap. People thought the team might leave for a new park elsewhere, and didn't want to invest in businesses that depend on the ballpark. The team and/or its owners committed to staying there, and bought a lot of surrounding property. They've developed in a way that should be no surprise to anyway to who saw what happened to, e.g., the formerly unattactive area around PacBell Park (I refused to use the new names). I would surmise that the goodwill that they've earned from winning has been very helpful in making sure that their plans don't run into flak from local government/neighbors/etc. So, it's just a guess, but that might be return on the investment.

I don't follow. If they're the owners and have bought a lot of the surrounding property, what difference does it make if they field a team with the second highest payroll or 10th? In order to realize the value you're talking about, they simply have to assure (by contract or otherwise) other property owners that might have bolted, that Fenway is here to stay. Hell, it would be better if they let them leave and bought their real estate as well. And it's not like Fenway won't be sold out if they finish in 3rd place. Just look at last year.

Originally posted by Tyrone Slothrop
Or maybe they're subsidizing the team. John Henry certainly has cash to play with.

I don't think so.

TM

[patentparanyc]

Originally posted by Tyrone Slothrop
My understanding is that the Sox' new owners have made an awful lot of money on real estate around Fenway Park. Before they bought the team, that area was not great -- maybe not unsafe, but a lot of light industry and other crap. People thought the team might leave for a new park elsewhere, and didn't want to invest in businesses that depend on the ballpark. The team and/or its owners committed to staying there, and bought a lot of surrounding property. They've developed in a way that should be no surprise to anyway to who saw what happened to, e.g., the formerly unattactive area around PacBell Park (I refused to use the new names). I would surmise that the goodwill that they've earned from winning has been very helpful in making sure that their plans don't run into flak from local government/neighbors/etc. So, it's just a guess, but that might be return on the investment.

Or maybe they're subsidizing the team. John Henry certainly has cash to play with.

Very interesting info. thank you.

I went to school in that area, the Fens. or Fenway. It has a college component, and the Longwood Medical area has the hospital component [Beth Israel and Brigham and Women's etc.]

The immediate area was a little sketchy Kenmore Square and Landsdowne St.

I know they renovated the green monster and put in luxury boxes. I love Fenway it has so much character great place to watch a ballgame.

any type of condos or interesting businesses would be a complete asset to that surrounding area.

[John Phoenix]

Originally posted by SlaveNoMore
switched team loyalty?

I am hoping for better stories than that - that she dates them both and then writes lots of details about their wild and crazy threesomes.

[John Phoenix]

Originally posted by handsome boy model
The eternal plight of the newbers. Stay the course my friend, stay the course. The force is with us!

all the best,

hbm

Indeed. Maybe some day, I will be lucky enough to receive PMs.

[Tyrone Slothrop]

Originally posted by notcasesensitive
This is heartening news. All those years of steel driving finally paid off?

And it got him out of New Jersey.

[ltl/fb]

Originally posted by greatwhitenorthchick
Ok, my date last night was really pretty good, but I just got back from lunch with a client (female) that went on for 3 1/2 hours and she was just so awesome that I totally want to date her.

I'm just going to have to create my own hermaphroditic robot companion and we'll be blissfully happy forever.

What does really pretty good mean?