A frequently packed Citi Field increases franchise value
I think most of us writers and readers are folks of modest income and modest or at least meager wealth.
Perhaps it is hard for us, therefore, likely thinking "small and normal", to see that big spending in baseball can generate exponential wealth. In that regard:
Sportico wrote this during the post season but before the Dodgers won the World Series:
“The Dodgers have won the NL West 11 times in the past 12 seasons. This is the seventh time they will be playing in the NLCS since Guggenheim bought the team for $2.15 billion in 2012.
“According to Sportico’s valuations, the Dodgers are worth $6.3 billion, second behind the Yankees at $7.93 billion. Three times since the purchase they have gone to the World Series: losses to Houston in 2017, Boston in 2018 and a victory over Tampa Bay after the 2020 pandemic-shortened season.”
The point I see here is that even before LAD just won the World Series, no doubt further increasing franchise value, its franchise value is estimated to have already TRIPLED in 12 years. Because they spent hard and spent well.
Playoff revenues on deep playoff runs have to also be substantial, helping offset high luxury taxes for owners like Mr. C.
Spending big, and well, it pays. To a long term investor like Steve Cohen, franchise value increasing is something he is extremely well aware of, even if for us we are not.
TO REALLY INCREASE FRANCHISE VALUE…SIGN SOTO.
The franchise value will probably jump $1 billion if you do.
YANKS WERE COMING OUT OF AN INFERIOR LEAGUE
When the Mets were playing the Dodgers, I said that the Dodgers, Mets, Phils and SD were the 4 best teams after the Wild Card round, with the Yankees 5th.
The Dodgers’ Joe Kelly, in a NY Post article, felt in essence that I was being too charitable:
“Elsewhere on Monday’s podcast, Kelly shredded “lazy” Yankees stars in what he deemed a “mismatch” of a World Series. “… It was a mismatch from the get-go. If we had a playoff re-ranking, they might be ranked the eighth or ninth-best playoff team,” Kelly said of the No. 1 seed in the American League.
IF YOU HAVE A CHOICE TODAY...
...of writing a comment to my article here, and not voting, or simply voting, please prioritizing voting...and then of course sit the heck back down and respond to my article afterwards.
My friends, have a special day. YOU ARE THE FRANCHISE.
4 comments:
I agree there are at least 4 teams in the NL better than the Yanks.
Bon Voyage, Ray. I think the Mets, Atlanta, Philly, LAD, and SD were better than the Yanks, so I have them 6th, about tied with Arizona.
Tom,
I voted as soon as the polls opened. Although I don't often have any new Mets insight to share, I always enjoy your columns. Thanks for taking the time to give us something to talk about regarding our team.
DJ, I am very glad you are with us here at Macks Mets. Your insights are excellent. Thanks
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