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  • THE BIG BUSINESS OF BUYING AND SELLING MINOR LEAGUE CLUBS

              The financial benefits of owning a minor league baseball
         franchise was examined by Roy Furchgott of the N.Y. TIMES,
         who wrote, "team owners warn that would-be baseball moguls
         should take a long look before stepping up to the plate."  
         St. Paul Saints Owner Mike Veeck: "It's possible to make
         money, and it's also possible to lose a lot very quickly." 
         Furchgott wrote that "many team owners have done well on
         their investment, not necessarily because of ticket sales but
         because resale values have skyrocketed."  Class A Northwest
         League President Robert Richmond: "A team that cost $350,000
         just 10 years ago costs $8 million today."  Furchgott
         reported that the price of a team not affiliated with MLB
         "can run as low as $25,000," while AAA teams "have asking
         prices of up to" $12M.  But costs for owners will increase,
         as the recent PBA between the NAPBL and MLB "shifts more
         costs to the minors" next season, including paying for more
         than 200 umpires, uniform costs, and half the cost of balls
         and bats (Roy Furchgott, N.Y. TIMES, 10/26).
    
    

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