by >|> The chairman of Adelphia Cable, John J. Rigas, will be buying the
>|> Pirates for an estimated $100,000,000. He will keep the team in the
>|> city and keep pushing for a new stadium.
>|> (since the more owners who are real fans and not just in it as an
>|> investment, the better).
>Nah ... Rigas is probably just another rich, idiotic scumball who knows
>nothing about business nor baseball, and who only has money because he
>either inherited it or married into it. In other words, let's cut to
>the chase and place Rigas in his rightful place as one of the 28 biggest
>liars, cheats, and crooks in the world.
(As an aside, there are loads more than 28 people owning parts of
baseball teams. The Pirates were owned by a consortium that included
Carnegie Mellon University, one of my almae matres. Cha-ching$$!!
But somehow I expect they'll still be pleading for me to give 'em
money.)
I'm glad to hear this sale may be going through. And at quite a
handsome price. Given that I think that most baseball owners are
reasonably shrewd businessmen, it would appear that Mr. Rigas seems to
think he can get at least $8 million a year in economic benefit from
this deal (if its basically cash) once you tote up all the numbers.
Interestingly, this is pretty close to what I gathered the Bucs should
be worth, once you include the tax benefits.
Meanwhile, I'm hoping that the Padres' sale to Moores goes through.
Not only because I was annoyed at the previous group for trading Fred
McGriff, Avatar of the Almighty, but because the successful transfer
of Yet Another smaller market team at a probable capital gain to a new
owner will probably lead to two things:
1) Fewer arguments that such teams have been losing millions
2) A greatly enhanced likelihood that we'll have real baseball next spring.
Now, if I could only convince Randy "Son of a Bootlicker" Smith not to
go out and trade Phil Plantier for Chuck Carr...
>--
>Scott Susor *** Houston Texas
>"Its good to be the King ..."
buying the Padres? I'm sure the University of Houston will be sad to
see him head West...
jking