SBD/November 4, 2011/People and Pop Culture
This Week's Newsmakers: Baltimore Grand Prix Plagued By Financial Issues
Published November 4, 2011
WIN: BUD SELIG -- The MLB Commissioner had a great week on two fronts. First, Selig presides over one of the most exciting World Series in recent memory, with Game Seven marking the most-viewed baseball game of any sort since the Red Sox' clincher in '04. And after an exhaustive, drawn-out ordeal, he finally gets Dodgers Owner FRANK MCCOURT to relent and agree to sell the club -- without having to take the stand in any trial.
LOSE: BALTIMORE GRAND PRIX -- Organizers are under the microscope this week as lawsuits claim nearly $1.6M in unpaid bills. The event has also failed to pay back $470,000 owed on a $2M loan from the Maryland Stadium Authority. Not the best way to engender community support. After all the initial celebration that the event was a success, the financial missteps raise questions as to whether IndyCar will return to Baltimore next year and serve as a lesson for any markets looking to host future races.
DRAW: MICKY ARISON -- The Heat owner posts some lockout-related Tweets and lands himself in hot water with NBA Commissioner DAVID STERN. The $500,000 fine amounts to five times what other owners have previously been fined for public comments about the ongoing labor situation. While Arison displays a growing rift between owners, his remarks could actually help him gain support among players, who might now see the club as a friendly locale to ply their trade in future years.