The White Sox - A Brutal Truth

They don’t play again until Saturday, so there was little downside to letting them play, at least for a few innings.

Under those circumstances, I would feel guilty accepting it. :flushed:

At the risk of getting political, Rudy Giuliani has/had 4 World Series rings.

At the risk of getting political: Unlike me and many others, Rudy Giuliani has no sense of guilt. :rofl:

Not worrying about anything political, Rudy Giuliani got booed resoundingly last time he showed his face at Yankee Stadium.

Anybody got some cash burning a hole in their pocket?

According to last night’s sports report, he is 88 years old so, realistically, the team is going to be changing hands one way or the other in the not too distant future. By selling it, he can at least have a say in the direction the team will be going.

He bought it for $20 million and, at least according to reports, it is worth $2 billion. Think of the wonderful causes he could financially aid with a windfall profit like that! It would be a wonderful legacy.

The White Sox are worth 2 billion? Then they can pay for their own new stadium, and finish paying for the Comiskey replacement, which is still a nice stadium.

Why would they do that, when Nashville will likely build one for them? Man, you definitely aren’t thinking like a billionaire!

They certainly could and should, but it never seems to happen. Sometimes, there is a sharing of the cost and, in rare cases like the new stadium in L.A., it is funded entirely by the private sector.

That’s the perverse thing about “value.” The White Sox aren’t worth $2 billion until someone gives Reinsdorf $2 billion. Then he has the money and the new Sox owners are so cash-poor they’ll have to ask Chicago (or Nashville, San Antonio, Buffalo or wherever) to build them a new stadium.

Down I-55 a few miles the Cardinals have told the fans that because of poor attendance last season and the uncertainties with cable TV, the team will cut payroll for 2025 and invest that money in player development. In other words, they’re going to tank and rebuild mode. Never mind that according to Forbes, the Cardinals are worth $2.55 billion.

Hypothetically. This Forbes article, from earlier this year, gives estimated values for each MLB team; the White Sox are right at the median (#15 of 30 teams), at $2.05 billion. They’re also estimated to have had operating revenue of $288 million in 2023 (on the low side), and an estimated loss of $28 million in '23.

Ultimately, “value” comes down to “what would a sale of the franchise be estimated to bring in?”, but it’s an edcuated guess. The Sox have some advantages (a large media market, not much debt), but I’d also guess some disadvantages (poor attendance, local TV and radio contracts that probably aren’t particularly lucrative, plus the stadium situation, and being the second-fiddle MLB team in the market).

Exactly! Think of potential energy versus kinetic energy. Kinetic energy is energy in action, so to speak. Potential energy only exists as a number until it becomes kinetic. The $2 billion right now is potential. It’s not paying any bills or signing any players or developing the farm system. If Reinsdorf sold the team for $2 billion, he’d have plenty of money for all of that, but he would no longer have a team. LOL

Owners could certainly sell off a portion of the team, maybe to the city (or a Community Development Organiztion) to raise cash for a stadium - but they’d never do that. There’s no money in it,

Is that totally true? Don’t the uber wealthy get to tap into that potential with low rate sweetheart loans?

The other owners would never allow it. Bad precedent to set.

The uber wealthy get to the uber part by getting other people to finance things like new stadiums, not by taking out low-interest loans.

It should be noted the Cardinals drew over 30,000 fans a game and were well above the MLB average. Any excuse to keep more money.

In fairness, the Cards are a team that has some scary looking veteran contracts right now and I’d understand a rebuild. It isn’t a very good team. But just SAY that.

It’s okay. You can say it to Cardinals fans. They agree the team isn’t good. It’s just a question of which scary veteran contracts they should unload, and how they can get rid of the front office at the same time.

That, along with paying laughing little in taxes, are signs of the truly rich.