Lots of people want to buy in to MLBAM, but the owners aren’t selling


Major League Baseball Advanced Media — the baseball subsidiary behind and a lot of stuff about which you have no idea — is a gold mine.  It, more than anything, has been responsible for the sharp increase in baseball revenues in recent years. And as an added bonus, the company just gets stuff right.  I can watch a Mariners-A’s game on a Tuesday night in Ohio if I want to, and I can do so relatively cheaply. And it works. As does most of the stuff they do. Viva MLBAM.

But when you get a money-making enterprise that folks like, other folks will want to invest in it. And as Business Insider reported the other day, lots of private equity groups want to invest in MLBAM.  But baseball is rejecting these overtures, preferring to forgo the instant liquidity in favor of keeping it the league and the owners’ very own private thing.  BI has some possible explanations for this:

A source close to the talks tells us the company gets “call a day” from private equity firms, but that the company isn’t looking to sell a stake for a few reasons:

  • It’s already loaded with cash.
  • Owners are already getting a huge dividend.
  • Selling a billion dollar stake in MLBAM any time soon would make it very hard for owners to argue that they’re broke in upcoming labor negotiations with players.
  • Selling a stake could further complicate the ownership stake and perhaps even force a dreaded shotgun IPO.

Those are all very plausible reasons. I’ll add another one:  The books of major league baseball owners are a thicket of self-dealing and chaos, and there’s no way in hell they want to open them up to anyone they don’t have to lest people see just how ugly they really are.  If you doubt this, just recall the fun stuff we saw when Frank McCourt and Tom Hicks were forced to open their books in litigation. Or when Deadspin reported on a bunch of leaked financials from the Pirates, Marlins and other teams.

It’s less the case than it used to be, but in a lot of ways baseball teams are multi-million dollar businesses being run like a small town auto dealership.  They make money to beat the band, but they’re not about to share that with the Wall Street crowd.

Mike Scioscia will return as Angels manager in 2016

ANAHEIM, CA - JULY 21:  Manager Mike Scioscia #14 of the Los Angeles Angels of Anaheim in the dugout during batting practice before a game against the Minnesota Twins at Angel Stadium of Anaheim on July 21, 2015 in Anaheim, California.  (Photo by Jonathan Moore/Getty Images)
Photo by Jonathan Moore/Getty Images

It was assumed already, but Mike Scioscia made it official during Monday’s press conference for new general manager Billy Eppler that he will return as Angels manager in 2016.

Scioscia, the longest-tenured manager in the majors, has been at the helm with the Angels since 2000. There was a clause in his contract which allowed him to opt out after the 2015 season, but he has decided to stay put. He still has three years and $15 million on his contract, which runs through 2018.

Jerry Dipoto resigned as Angels general manager in July amid tension with Scioscia, so there were naturally questions today about what to expect with first-time GM Eppler in the fold. According to David Adler of, Scioscia isn’t concerned.

“I think we’re going to mesh very well,” Scioscia said. “If we adjust, or maybe he adjusts to some of the things, there’s going to be collaboration that’s going to make us better.”

Eppler is the fourth general manager during Scioscia’s tenure with the team.

After winning the AL West last season, the Angels finished 85-77 this season and narrowly missed the playoffs. The team hasn’t won a postseason game since 2009.

Carlos Gomez says he’ll be in lineup for Wild Card game vs. Yankees

Houston Astros' Carlos Gomez hoops after scoring a run against the Texas Rangers in the eighth inning of a baseball game Sunday, Sept. 27, 2015, in Houston. Gomez scored from third base on a Bobby Wilson passed ball. The Astros won 4-2. (AP Photo/Pat Sullivan)
AP Photo/Pat Sullivan

Astros center fielder Carlos Gomez sat out the final series of the regular season in order to rest a strained left intercostal muscle, but there was good news coming out of a workout today in advance of Tuesday’s Wild Card game vs. the Yankees.

This has been a lingering issue for Gomez, who missed 13 straight games with the injury last month. He aggravated the strain on a throw to home plate last Wednesday and was forced to sit while the Astros fought to keep their season alive. Astros manager A.J. Hinch told reporters last week that Gomez’s injury would typically take 45-50 days to recover from, so it’s fair to wonder how productive he can be during the postseason.

Gomez mostly struggled after coming over from the Brewers at the trade deadline, batting .242 with four home runs and a .670 OPS over 41 games.