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Wanna buy a minority share in the Dodgers?

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Are you a billionaire or, perhaps, a centimillionaire who is bored with day-to-day investing? Would you like to be treated like a god when you go to a ballgame rather than merely being treated like a king like all the other luxury box owners? Do you want to brag to your friends at the country club about how the business you partially own makes it, like, three steps from the top of its industry year after year?

If so, do the Dodgers have a deal for you! Bill Shaikin of the Times:

The Dodgers’ owners are interested in selling a small share of the team and have retained an investment banker to solicit bids.

There is no timetable for a possible sale, said the banker, Sal Galatioto. He added that Mark Walter would remain the Dodgers’ controlling owner, with his partners from Guggenheim Baseball Management.

This, like the way the Mets sold minority shares a few years ago, is a means of getting some liquidity into the hands of Mark Walter and his fellow Dodgers owners. If you buy a piece of the Dodgers you won’t get to hire or fire anyone and Tommy Lasorda will still get a better parking place than you. You will get access to a luxury box or maybe seats behind home plate. Though not as good as those seats that agent with the dark hair and glasses who sits just to the first base side of the lefthanded batters box gets. He’s there every night and he’s not moving for you.

But you will get to say you own a part of the Dodgers. You will get bugged for cash calls on occasion. You will get a polite “no” when asked to examine the financial records of the business and, if you actually do get to see them, you will likely be obliged to tell people that, really, baseball teams make no money at all, because that’s what baseball owners do.  And, in 5, 10, 20 or never years from now, when the majority owners decide to sell the team, you or your descendants may make a nice profit. Before then the principal owners can likely buy you out at a bargain rate for them, should you require it.

Yes, all of the perks of owning a non-controlling interest in a closely held company can be yours if you have, say, $20 million for a vanity investment. Who wouldn’t want that?

Rob Manfred talks about playing regular season games in Mexico

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The new Collective Bargaining Agreement commits the players and the league to regular season games on foreign soil. Most of the focus of this has been on games in London, for which there has been a lot of activity and discussion.

Yesterday before the Astros-Tigers game in Houston, however, Commissioner Rob Manfred talked about playing games in Mexico. And not as just a one-off, but as a foot-in-the-water towards possible expansion:

Commissioner Rob Manfred said Tuesday that the time had come to play regular-season games in Mexico City as Major League Baseball weighs international expansion.

“We think it’s time to move past exhibition games and play real live ‘they-count’ games in Mexico,” Manfred said. “That is the kind of experiment that puts you in better position to make a judgement as to whether you have a market that could sustain an 81-game season and a Major League team.”

A team in Mexico could make some geographic sense and some marketing sense, though it’s not clear if there is a city that would be appropriate for that right now. Mexico City is huge but it has plenty of its own sports teams and is far away from the parts of the country where baseball is popular (mostly the border states and areas along the Pacific coast). At 7,382 feet, its elevation would make games at Coors Field look like the Deadball Era.

Monterrey has been talked about — games have been played there and it’s certainly closer — but it’s somewhat unknown territory demographically speaking. It’s not as big as Mexico City, obviously. Income stratification is greater there and most of the rest of Mexico than it is in the United States too, making projections of how much discretionary income people may spend on an expensive entertainment product like Major League Baseball uncertain. Especially when they have other sports they’ve been following for decades.

Interesting, though. It’s something Manfred has talked about many times over the years, so unlike so many other things he says he’s “considering” or “hasn’t ruled out,” Major League Baseball in Mexico is something worth keeping our eyes on.

 

Joc Pederson and Yasiel Puig had a brutal collision in right center field

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The score was tied in the top of the 10th inning in last night’s game between the Dodgers and the Cardinals. Yadier Molina was up to bat, facing Kenley Jansen and drove one to deep right center field.

Yasiel Puig was in full run for the ball as center fielder Joc Pederson ranged hard for it himself. Puig caught the ball, but not before slamming into Pederson. Both men went down, but Pederson went down harder, taking an elbow to the face from Puig before crashing head-first into the outfield wall.

Watch:

 

Pederson came out of the game, apparently bleeding from his head. There will be an update on his condition today.

UPDATE: Oops, there was an update last night: