Originally Posted by Red Barchetta
I give Ricketts credit. He knows his cash cow is the ballpark and not the team on the field. If they happen to win, great, however he is going to invest where he can continue to get his biggest return.
I can see him eventually buying out some of the roof-top owners/buildings as well.
They sell out their games already. The team sucks, so they can't increase the prices too much. How will they make up the $300,000,000.00 he wants to spend? There will be new revenues from the hotel and any other stuff they build outside the stadium, but how long will it take them to recoup the money, especially if they are paying higher property taxes (which will happen regardless landmark status since some of the PINs are unimproved and will be jacked up once they build on them).
This just in from the newswires: The Anti-Trust Division of the US Department of Justice has announced that whenever Sale take The Bump, it is unfair competition in violation of various federal and state laws. However, he is not being prosecuted because it is so ****in awesome to watch him do his craft.