Tuesday, June 28, 2011

HOSTILE TAKEOVER PART II!

The McCourt vs Selig drama just never seems to end! MLB commissioner Bud Selig demonstrated earlier this week that he apparently has the power to halt divorces, by blocking Fox Sports and the Dodgers entering a new TV deal, a deal that would have settled the McCourt divorce. Frank McCourt was not thrilled with this news, taking immediate action to have the LA Dodgers declare chapter 11 bankruptcy. The Dodgers were then revealed to owe millions of dollars, from $22 million to Manny Ramirez (who doesn't even play baseball anymore), to the company that makes Dodger Dogs, to even poor Vin Scully who is owed more than $150,000, yet continues to go to work everyday working play-by-play.

By the Dodgers filing for bankruptcy, Bud Selig has now claimed that he has full authority to take over the team, not just financial operations, and sell it to the highest bidder if need. This opens the door who a whole slew of investors who know that the Dodgers, despite being a sub-par team currently, have tons of potential being one of the oldest teams in American sports.

Currently, most people (meaning ESPN, Fox Sports, Sports Illustrated, and Yahoo! Sports) have been advocating Mark Cuban purchase the Dodgers, turning the franchise around the way he did the Dallas Mavericks. This idea is actually pretty popular, slowly gaining traction and even got Cuban an appearance on TMZ to discuss the pros and cons of buying the Dodgers. One thing that was not mentioned is that many speculators believe that if the Dodgers do go for sale to the highest bidder, the winning bid could be in the range of $1 billion+, making it the most valuable sports club in the entire world.

I, for one, welcome our new billion dollar overlords. The Dodgers haven't done shit in decades and are continuous playoff chokers, while the cross-town rival Angels have won a World Series in the past 10 years (which the Dodgers haven't even come close to) and arch-rival San Francisco Giants won the World Series last year for the first time since before color television. Dodger Stadium is also a giant piece of crap these days, in serious need of an LA style face lift. The stadium isn't secure, something that fans are well aware of since the Opening Day beating of Giants fan Brian Stow.

No comments:

Post a Comment