MLB Franchise Notes: Marlins Sale Could Mean $65M Payout For Public Coffers
In Ft. Lauderdale, Dave Hyde reported if the sale of the Marlins "closes by April (and it should), it will mean tens of millions for the public coffers." Marlins Owner Jeffrey Loria has to share 5% of any sales profits with the city of Miami and Miami-Dade County if he "closes before then, according to a payout provision in the stadium deal." The new ownership group led by Derek Jeter and Bruce Sherman purchased the Marlins for $1.2B, meaning the public would get $65M "back." Any debt, cost in closing the sale and taxes paid on the sale can be "discounted from the amount the Marlins must declare" (SUN-SENTINEL.com, 8/21).
THROUGH THICK & THIN: In Toronto, Damien Cox writes as the Blue Jays contemplate "where to turn after this disappointing season, there’s this belief among some media and fans that Jays management and ownership won’t dare institute a youth movement or take a significant step back" in the AL East. There is "fear attendance and overall interest will quickly and almost immediately deteriorate" to '10 levels. But just because "losing and extended mediocrity hurt attendance once doesn’t mean the same thing will happen again." One could "argue this is a very new and different Jays fan culture we’re witnessing that goes to ball games" home and away because they "like baseball and love their team, and not just when it’s winning." If the Blue Jays "articulate a clear game plan of moving towards youth that will require some patience, their fans won’t abandon them" (TORONTO STAR, 8/22).
STRONG STANCE: Red Sox Owner John Henry last week suggested that Yawkey Way should be renamed, and ESPNW's Kavitha Davidson wrote it is a "refreshingly strong stance -- one that simultaneously confronts the team's problematic history while still recognizing its longstanding heritage." Davidson: "Similarly, renaming Yawkey Way wouldn't wipe away decades of the Red Sox's past, but it would mark the progress the city and team has made since, while providing an ideal of equality for which to strive" (ESPNW.com, 8/21). CSNNE.com's Art Martone wrote the "thrust of Henry's statement -- the Yawkey name is a symbol of baseball racism, and we should distance ourselves from it -- is hard to stand against" (CSNNE.com, 8/18).