Remember back in the spring how Alex Rodriguez said that it was his cousin, Yuri Sucart, who was the one that supplied him with his PEDs? Well, he’s had a worse go of it since then than A-Rod has:
began foreclosure proceedings on Yuri Sucart’s Miami home and three
South Florida rental properties in the months after Rodriguez’s Feb. 17
news conference . . . US Bank initiated foreclosure proceedings on
Sucart’s two-bedroom home on Aug. 12 . . . Deutsche Bank
began foreclosure proceedings on April 3 on a four-bedroom apartment
Sucart purchased in February of 2005. Wachovia Mortgage initiated
foreclosure proceedings against two other rental properties owned by
Sucart and his wife in July.
The Daily News article does
its best to paint A-Rod as responsible for all of this, essentially
saying that he treated Sucart like a drug mule and then cast him aside
when the drug revelations hit. That whole narrative is broken,
however, by a quote buried sixteen paragraphs into the story: “A friend
of A-Rod’s who spoke on condition of anonymity says Sucart
still works for the Yankee superstar. ‘Alex takes care of his family,’
the friend says.”
It’s entirely possible that, like any other number of property owners
who are upside down on their mortgage in depressed markets like South
Florida, Sucart and/or Rodriguez made the judgment that it’s preferable to simply walk away and let the bank have property that is worth way less than its outstanding indebtedness rather than continue to throw good money after bad.
Such a strategy comes with its own set of moral and ethical issues, of course, but
it’s something that’s done all the time, and is even counseled by a lot
of legitimate financial advisers under such circumstances.
Moreover, such a strategy fits into the “Alex takes care of his family” narrative
in ways that the “A-Rod is a heartless man who threw his cousin under
the bus” does not. But since the Daily News has spent the past several
years demonizing every PED-connected player in baseball, there’s no way
that they’d ever take that angle.
Mitt Romney built his professional life in Massachusetts and was once the governor of the state. As such, it is not surprising that he has long identified as a Red Sox fan. So this has to be troubling to him from a fan’s perspective. From Jon Heyman:
The Romney family is bidding to buy a small stake in the Yankees months after their try for the Marlins stalled. If the deal goes through, it is expected to be $25 million to $30 million per percentage point and thought to be interested in one or two percentage points. The Yankees are valued around $3 billion or more.
The effort is being led by Mitt’s son Tagg, one of his brothers and their business partners. Mitt’s spokesman tells Jon Heyman that he has nothing to do with it personally. Tagg Romney is reported to have been planning a bid for controlling interest in the Marlins, but that has fallen through.
I find this interesting insofar as the M.O. for the Steinbrenners has, for years, been to buy out minority shareholders in the Yankees, not seek more. Indeed, when George Steinbrenner bought the Yankees back in 1973 he held just a bare controlling interest and there were a ton of silent partners, most of which were back in Ohio and knew Steinbrenner from his shipping business. I’ve personally gotten to know some of them over the years as there are a handful of them in Columbus and I crossed paths with them in my legal career. They have almost all been bought out in the past couple of decades. They still get season tickets and World Series rings and stuff. You can tell them by their personalized Yankees plates and the fact that, within the first ten minutes of meeting them, they will tell you that they once owned a piece of the Yankees but got pushed out.
In light of all of that it’s interesting that the Steinbrenners are once again accepting bids for small stakes in the team. Especially from someone whose interest in controlling the Marlins suggests that they do not consider it to be a mere vanity investment. Makes me wonder what the Steinbrenners’ long term plans are.
The Nationals will be many people’s favorites in the NL East this season. Not everything is looking great, however. For example, their ace — defending NL Cy Young winner Max Scherzer — can’t even throw fastballs right now.
The reason: the stress fracture he suffered last August is still causing him problems and Scherzer is unable to use his fastball grip without feeling pain in his right ring finger. He will throw a bullpen session tomorrow, but will only use his secondary stuff.
Scherzer has not been ruled out for Opening Day — the fact that he is throwing some means that his timetable isn’t totally on hold — but you have to figure, at some point, not being able to air things out and use his heater will lead to some problems in his spring training routine.