Major League Baseball Advanced Media — the baseball subsidiary behind MLB.com. MLB.tv 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.
Did you have a bad day? It’s OK. We all do sometimes. It’s just part of life. Even ballplayers have bad days. Even the good ones.
Odubel Herrera is a good one. He’s only 25, but he’s already got two seasons of above average hitting under his belt. Dude gets on base. He could be a regular for tons of teams, so there’s no shame at all in him having a bad day. And boy howdy did he have a bad day today. He went 0-for-5 with five strikeouts in the Phillies extra innings win against the Rockies.
“I feel that I am making good swings but I’m just missing the pitches,” Herrera said.
Well, that is how strikeouts work.
Four strikeouts in a game is known as a Golden Sombrero. Players don’t strike out five times in a game very often so they don’t have an agreed upon name, but I’ve seen it referred to as the “platinum sombrero,” which seems pretty solid for such a feat. Six is a titanium sombrero or a double platinum sombrero, though there are references to it as a “Horn,” for Sam Horn, who deserves something to be named in his honor. Horn is like Moe Greene — a great man, a man of vision and guts — yet there isn’t even a plaque, or a signpost or a statue of him!
But I digress.
The last time a Phillies player did it was when Pat Burrell K’d five times in September 2008. The Phillies won the World Series that year, of course, so maybe this is an omen. [looks at standings] Or maybe not.
Anyway, get a good night’s sleep tonight, Odubel. Shake it off. Tomorrow is another day.
NEW YORK (AP) Rachel Robinson will receive the Buck O’Neil Lifetime Achievement Award from baseball’s Hall of Fame on July 29, the day before this year’s induction ceremony.
She’s the wife of late Hall of Famer Jackie Robinson, who broke the major league color barrier in 1947. Rachel Robinson created the Jackie Robinson Foundation in 1973, a year after he husband’s death. Rachel Robinson, who turns 95 in July 19, headed the foundation’s board until 1996.
The O’Neil award was established in 2007 to honor individuals who broaden the game’s appeal and whose character is comparable to that of O’Neil. He played in the Negro Leagues, was a scout for major league baseball teams and helped establish the Negro Leagues Baseball Museum in Kansas City, Missouri.
The award was given to O’Neil in 2008, Roland Hemond in 2011 and Joe Garagiola in 2014.