PHXFlyer11 |
Mar 29, 2016 1:19 PM |
Quote:
Originally Posted by phoenixwillrise
(Post 7386805)
What other city has ponied up an additional 187 million dollars within 18 years of having built and provided for their baseball team a palace? That's looney toon material. That is not how "business" works when you are being supported by the taxpayers. The San Francisco Giants paid for their own stadium and they are very successful in winning 3 out of the last 6 titles. The Diamondbacks paid for only part of their palace the taxpayers ponied up the rest. So tell me again how business works! So tired of sports teams extorting cities to make themselves rich.
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The $187 is for the next 8 years. That's really not that unreasonable to keep a huge place with an expensive roof like that up to par.
"Sports teams extorting cities to make themselves rich?" You are kidding right??? The entire D-Backs franchise is worth probably $600-$700M, which is less that what it would take to build a new ballpark. My guess is Kendrick (the primary owner) is worth $1-2B. Tell me how you expect the D-Backs to pay for a new ballpark?
In addition, Kendrick inherited $200M in deferred salaries that he has been paying down from the Colangelo era. The team has been putting any profit (probably $10M-$20M/year) back into the product on the field. They are NOT banking hundreds of millions per year.
It really baffles me that people don't do the simple math and just assume teams are making hundreds of millions per year. Income is very different than profit.
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