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How Jeff Loria fucked Miami, the Marlins, and the fans

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Postby JMT on 11 Jul 2017 23:59

How Jeff Loria fucked Miami, the Marlins, and the fans

Miami Marlins Owner, Baseball's Cronyism All-Star, Is Suing His Team's Own Fans

Loria schemed his way into a lucrative long-term investment, thanks in no small part to civic officials who bought Loria's sob stories of financial struggle. He and the rest of the Marlins' ownership claimed the club's financial records were "trade secrets" and said the team had lost money for years.

When those top secret financial documents were leaked online in 2010—they revealed the team had turned tens of millions of dollars of profit every year, largely because of Major League Baseball's revenue sharing scheme.

By putting a bare bones team on the field year after year, Loria spent less money than other owners and pocketed revenue Major League Baseball dictates must be shared among all the teams. That's a pretty good analogy for communism and ideology supposedly devoted to equality historically abused by unscrupulous, power-hungry individuals.
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