Mark Cuban’s name is always mentioned when a baseball team is up for sale. Yet he never seals the deal. It just happened with the Dodgers too. His explanation:
“The economics got so out of control because the Dodgers’ TV deal’s up for bid and so there’s a lot of groups coming in going, ‘This TV deal’s worth so much money that we’re gonna pay whatever it takes to get the Dodgers.’ And so they’re buying the TV rights deal first and the team second,” Mark said.
So what? All of these groups are helmed by billionaire investor types who know a thing or two about money. There’s, like, a dozen of them. Are they all irrational? Are they all irrational in thinking, contrary to Cuban’s implication here, that a bid on the Dodgers + the TV rights would make money?
I’m all for occupying whatever and sticking it to those billionaires, but when a bunch of them all think something is a good investment, they’re probably right. The fact a highly-lucrative TV rights sale is in the offing, if anything, seems like a lure to buying the team, not a deterrent as Cuban suggests.