As early as last June, the entity that owns the parking garages around Yankee Stadium was facing significant economic distress. Despite raising rates (off inflated prices in 2009), the Bronx Parking Development Company reported dwindling revenues for the 2010 season. As a result, it was forced to use its debt reserve to make interest payments […]
Archive for the ‘Business and Finance’ Category
Mismanagement Puts Stadium Garages on Verge of Default; Yanks Can Help Solve Problem and Also Help Out Fans
Posted in Baseball, Business and Finance, MLB, Yankees on May 19, 2011 | Leave a Comment »
Exaggerated Claims Distort Dodgers’ Current Plight; McCourts Have History with Distressed Franchises
Posted in Baseball, Baseball History, Business and Finance, MLB, tagged Frank McCourt, Los Angeles Dodgers on April 22, 2011 | 2 Comments »
Move aside Barry Bonds. Fred McCourt is one of the most vile, reprehensible men in the history of baseball. At least that seems to be the popular sentiment expressed in the wake of Bud Selig’s decision to wrestle away control of the Los Angeles Dodgers. It’s impossible to deny, not to mention excuse, the abuses […]
Has Baseball Stubbed Its Toe in the Secondary Market?
Posted in Baseball, Business and Finance, MLB, Yankees, tagged Tickets on April 21, 2011 | 1 Comment »
Sparsely attended ballparks have been a relatively common sight at the start of this baseball season, which has inevitably led to the obligatory round of articles lamenting the sport’s decline. Instead of jumping to a knee jerk conclusion, CNBC’s Darren Rovell actually took a look at the early season attendance figures and reported only a […]
Girardi Makes Radio Waves; Yanks’ Manager Personifies Modern Media Realities
Posted in Baseball, Business and Finance, MLB, Yankees, tagged Chris Russo, Joe Girardi, Mad Dog, Mike Francesa on March 25, 2011 | Leave a Comment »
Yankees’ manager Joe Girardi has been making waves of late…radio waves that is. Over the past two weeks, the Yankees’ manager has caused such a stir in radio circles that even Heinrich Hertz would be impressed. At the beginning of March, WFAN afternoon host Mike Francesa announced that Girardi would be expanding his weekly appearance […]
It’s Time for MLB to Fully Embrace Social Media
Posted in Baseball, Business and Finance, Culture, Media, MLB, Yankees, tagged Blogs, Facebook, Twitter on March 24, 2011 | 1 Comment »
Among baseball teams, the Cleveland Indians have been at the forefront in embracing social media. Instead of taking a combative position toward platforms like blogs, Facebook and Twitter, the Indians have actually gone out of their way to not only encourage, but support them. It’s time for the rest of baseball to follow their lead. […]
Extra 300%: Rebuilding of the Yankee Brand Is a Story Waiting To Be Told
Posted in Baseball, Business and Finance, Mets, MLB, Yankees on March 23, 2011 | 8 Comments »
(In addition to appearing at The Captain’s Blog, this post is also being syndicated at TheYankeeAnalysts.) Ever since “Moneyball” was published in 2003, authors have been lining up to tell the next best tale of mind triumphing over money when it comes to building a winning baseball team. Michael Lewis’ controversial look inside the front office […]
Less for Moorad: The Limitations of Being a Minority Owner
Posted in Baseball, Business and Finance, MLB, Yankees, tagged Arizona Diamondbacks, Bud Selig, Jeff Moorad on March 13, 2011 | Leave a Comment »
Before buying a majority stake in the Houston Astros, John McMullen was a limited owner of the New York Yankees. When asked to describe his role with the team, McMullen once famously said, “There’s nothing so limited as a limited partner of George Steinbrenner.” In truth, the same could be said for just about any sports franchise. Over […]