dodgers about to lose a billion
Posted: Fri May 31, 2013 1:41 am
It appears that the Los Angeles Dodgers are about to lose $1 billion in future earnings.
The evaporating profits is the increase in the amount of money the team will have to share with Major League Baseball from its new $7 billion, 25-year television deal with Time Warner Cable TWC +0.91%, which begins next season and includes the cable company and baseball team starting a new regional sports network..................
http://www.forbes.com/sites/mikeozanian ... ner-cable/
now the TV deal will barely cover the salary, and doesn't frank still own the parking lot? guggenheim and magic will need more partners to buy in to ever decreasing profit margin of this doyers business.
JOB WELL DONE NED COLLETTI you have spent so wisely to produce the highest paid team ever to be the worst of NLW and by looks of it we don't really have "blank check" budget anymore.