Frank McCourt bought the Los Angeles Dodgers for $430 million in 2004. Then he chopped his team up, poured kerosene all over it, torched it, and then peed on it while the flames rose higher and higher and he still realized a 500% appreciation of his asset in less than eight years.
Bernie Madoff was inventing investment returns from whole cloth and even he didn’t have the guts to do that. Would have been far too ridiculous. Meth dealers don’t get that kind of return. Maybe the cash doesn’t flow in as much as some owners would like, but they are all sitting on crazy-appreciating assets. Owning a baseball team is a license to print money, even if you haven’t a clue of what you’re doing.
So I guess what I’m saying is, the next time you hear the owner of a major league baseball team cry poor, the next time you hear an owner say that they can’t sign that player everyone likes, the next time you hear an owner say that the taxpayers need to give him a publicly-funded ballpark or else the world will end, please remember the $2.15 billion sale of the Los Angeles Dodgers and kindly call b.s. on that noise.
Update (9:04 PM EST): The game went into a rain delay with one out in the bottom of the fifth inning of a 2-2 tie, so the game isn’t official yet. Which means the Orioles aren’t yet the official record holders.
A third-inning solo home run by Austin Meadows off of Asher Wojciechowski on Thurday night marked the 259th home run Orioles pitching has allowed this season, setting a new major league record, per MASN’s Roch Kubatko. The previous record was held by the 2016 Reds at 258. Willie Adames hit No. 260, a game-tying solo shot in the fifth inning. The Orioles will have 34 more games to add on to their record after tonight.
The Yankees have famously accounted for 61 of the 260 home runs (23.5%) against Orioles pitchers this season. The Red Sox are next at 28 followed by the Twins and Blue Jays at 23 each.
David Hess has accounted for the most home runs on the O’s staff, yielding 28 dingers. Dylan Bundy is next at 25 homers allowed.
The Orioles are not the only team that will pass the 2016 Reds. The Mariners are on pace to allow 275 home runs. The Yankees, 266. Phillies, 262. Angels, 259. Pretty amazing.