This Week's Newsmakers: Baltimore Grand Prix Plagued By Financial Issues
THE DAILY each Friday offers our take on the performances over the past week of people and entities in sports business. Here are this week's newsmakers:
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.