Someone once said that there is nothing more limited than being a limited partner to George Steinbrenner. I’m assuming that’s still the case with Hal Steinbrenner too. But with better cash flow and less likelihood of a capital call, I’m assuming that being a Yankees minority shareholder is a better deal than being a minority shareholder in the Mets. It certainly is to Ray Bartoszek.
Bartoszek is an oil trader who, a few months ago, wanted to buy a minority share in the Mets. The Mets decided instead to negotiate with David Einhorn, so Bartoszek took his money and gave it to the Yankees instead:
By the time negotiations with Einhorn fell apart this month, however, the Mets could not turn back to Bartoszek. Besides feeling that the Mets’ owners had manipulated him to apply more leverage against Einhorn, Bartoszek had found a better deal. He would instead invest with the Yankees.
Last Friday, Bartoszek emerged as the newest limited partner with the Yankees, buying a share of the team from another limited partner.
Bartoszek said that his dealings with the Yankees were “the most straightforward negotiation [he’s] ever been a part of.” Which suggests, as does the article, that he felt the Mets were using him in order to leverage other bidders like Einhorn. Who knows if that’s true, but it’s kind of funny how he was able to buy into a team for which no one knew was accepting investors way easier than one which basically had its hat in its hand.
When he’s not throwing baseballs, Twins pitcher Trevor May is an active gamer. He streams on Twitch, a very popular video game streaming site, fairly regularly and now he’s officially on an eSports team. Luminosity Gaming announced the organization added May last Friday. It appears he’ll be streaming and commentating on Overwatch, a multiplayer first-person shooter made by Blizzard Entertainment.
May is the only current athlete to be an active member of an eSports team. Former NBA player Rick Fox owns Echo Fox, an eSports team that sports players in games including League of Legends, Super Smash Bros. Melee, Super Smash Bros. for Wii U, Street Fighter V, Marvel vs. Capcom 3, Call of Duty: Infinite Warfare, Counter-Strike: Global Offensive, and Mortal Kombat X. Jazz forward Gordon Hayward is also a known advocate of eSports.
The NBA in particular has been very active on the eSports front. Kings co-owners Andy Miller and Mark Mastrov launched NRG eSports in November 2015. Shortly thereafter, Grizzlies co-owner Stephen Kaplan invested in the Immortals eSports team. Almost a year later, the 76ers acquired controlling stakes in Team Dignitas and Team Apex. The same month, the Wizards’ and Warriors’ owners launched a group called Axiomatic, which purchased a controlling stake in Team Liquid, a long-time Starcraft: Brood War website which has since branched out into other games. And also in September 2016, Celtics forward Jonas Jerebko bought team Renegades, moving them to a group house in Detroit. In December 2016, the Bucks submitted a deal to Riot Games in order to purchase Cloud9’s Challenger league spot for $2.5 million. The Rockets that month hired someone specifically for eSports development, focusing on strategy and investment. Last month, the Heat acquired a controlling stake in team Misfits.
Once an afterthought, eSports has grown considerably in recent years and now it should be considered a competitor to traditional sports. League of Legends, in particular, is quite popular, reaching nearly 15 million concurrent viewers at its peak in the most recent League of Legends World Championship. That championship featured a prize purse of $6.7 million with $2 million of it being split among winner SK Telecom T1’s members.
The Orioles have re-signed outfielder Michael Bourn to a minor league contract with an invitation to major league camp, MASN’s Roch Kubatko reports.
Bourn, 34, joined the Orioles last year in a trade from the Diamondbacks on August 31. Though he compiled a meager .669 OPS with the Diamondbacks, Bourn hit a solid .283/.358/.435 in 55 plate appearances with the O’s through the end of the season.
Bourn, a non-roster invitee to camp, will try to play his way onto the Orioles’ 25-man roster. If he does make the roster, Bourn will receive a $2 million salary, Jon Heyman of FanRag Sports points out.