Alameda County Wants Out Of Coliseum Deal MWR's Kauffman Buys Stake In Ganassi Racing Fisher To Discuss L.A. Situation With Rams Players Manchester United Sponsors Push For Asia Tour Cardinals Praised For Hiring Female Coach A's Reportedly Holding "Positive" Ballpark Talks Packers Go Retro For New Alternate Uniforms Blue Jays' Anthopoulos All-In With Tulo Move Royals Getting Aggressive With More Trades Franchise Notes
FRANCHISE VALUES IN BASEBALL DOWN 20% BECAUSE OF STRIKE?
Published October 3, 1994
In this week's BUSINESS WEEK, Keith Alexander reports that the baseball strike "is hitting especially hard at a handful of teams: those up for sale." Four are officially on the block: A's, Angels, Padres and Pirates. The Twins are also reportedly "entertaining offers." According to Paul Much, an analyst with Houlihan Lokey, Howard & Zukin, the strike has "lopped off around 20% of a team's value." So the teams for sale "indicated they likely will wait until the work stoppage is over. The exception is the Pirates, who are under pressure to sell soon." The team faces a January 29, 1995 deadline to find a buyer who will keep the team in Pittsburgh (BUSINESS WEEK, 10/10 issue).