Wall St , Main St Who The Fu_k Can Tell The Difference Nowadays ?

Wall St , Main St Who The Fu_k Can Tell The Difference Nowadays ?

It’s really asinine to hear these late sports’ radio talk show hosts regale us about how passionate they are abourt sports and how they view it as part of the fabric of society. Well if that means lying cheating and stealing then it now most certainly is . Nowhere perhaps more so than within the sport of MLB (baseball) where Bud Selig and his pals have simply shat upon the fans while trying to portray themselves as the paragons of virtue . And for the imbecile who has his own syndicated late night talk show on Fox Sports Radio please shut the fu_k up once and for all as you’re making a complete ass of yourself kissing and licking the ass of Selig as if it’s actually the nectar of the Gods ……………. for the unitiatated that’s wine.

Within the past forty eight hours it’s come to the public’s notice what sort of fraud has been perpetrated upon the public and barely a damn thing will be done neither by the hierarchy of baseball , or for that matter the so called journalists who actually cover the sport in great detail. One thing I can assure you won’t hear anyone from within the so called hallowed halls of ESPN or Fox Sports question the actions of the teams and the office of Bud Selig as it has come to our notice the actions and antics of Bob Nutting ( Pittsburgh Pirates) , Jefrey Loria ( Florida Marlins) and to a lesser extent the Tampa Bay Rays’ front office in their business dealings . We’ve had Congress via the House Oversight & Reform Committee subpoaena Selig and slew of inidividuals within the game and representatives from the MLBPA in order to question them upon the actions that took place during the steroid era. Those hearings have turned out to be a farce and a complete waste of time as nothing has been resolved other than the idiotic claim by Selig that the game now has the most stringent testing policy of the four major sports . When Selig has the mind and wherewithal to blow smoke up someone’s ass he certainly doesn’t confine himself by doing it with half measures . He simply proceeds to commit you to bend over and drive that ramrod right up your rectum for good measure. In light of that I’m now beginning to wonder with the revelations that the profits earned by the Marlins , Pirates and Rays. And with them each having been in receipt of not only monies by way of MLB’s tax sharing revenues but also from the very fact that state governmental agencies as well as municipalities____ have gone out of their way to make sure that these teams have been given overly beneficial tax cuts and exemptions whilst little tangible has been recouped by those agencies in return.

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Slide-show for your perusal .

It never ceases to amaze me when I hear certain individuals state that there ought not to be any government intervention when it comes to sports. Well to hell with that when the federal government has seen fit to give their governing bodies of all four major sports anti-trust exemption and then sit idly by when those hierarchies simply defraud the public and fans alike without doing anything . I beg the question why then did they seek to throw their full wrath against the likes of Bernie Madoff and the entire board of Enron , WorldCom Inc. and a slew of corproate entities who in effect through creative accounting were allowed to get away with bleeding billions out of the pockets of hard working employees and their shareholders. Granted, the SEC couldn’t find its ass from a whole in the ground . Simply another government agency that is about as much use as a piece of fecal matter stuck on the sole of one’s shoes. But when will the members in particular of the House Oversight Committee wake the hell up and actually do their jobs . Because as of now Bud Selig and the team owners cannot be trusted at all tell the truth much less be completely transparent in their dealings. The actions of the team in question though on the surface may appear to be legal but in some respects I do believe that were the FASB (Financial Accounting Standards Board) brought in to take a comprhensive look at the books of not only MLB but aslo each of the thirty ballclubs there would be some eyebrows raised as to what has gone on and what the heirarchy of the game has most certainly allowed them to get away with .


Courtesy of Yahoo Sports

Marlins’ profits came at taxpayer expense

By Jeff Passan of Yahoo Sports

The swindlers who run the Florida Marlins got exposed Monday. They are as bad as anyone on Wall Street, scheming, misleading and ultimately sticking taxpayers with a multibillion-dollar tab. Corporate fraud is alive and well in Major League Baseball.

A look at the leak of the Marlins’ financial information to Deadspin confirmed the long-held belief that the team takes a healthy chunk of MLB-distributed money for profit. Owner Jeffrey Loria and president David Samson for years have contended the Marlins break even financially, the centerpiece fiscal argument that resulted in local governments gifting them a new stadium that will cost generations of taxpayers an estimated $2.4 billion . They said they had no money to do it alone and intimated they would have to move the team without public assistance.

In fact, documents show, the Marlins could have paid for a significant amount of the new stadium’s construction themselves and still turned an annual operating profit. Instead, they cried poor to con feckless politicians that sold out their constituents.

The ugliness of the Marlins’ ballpark situation is already apparent, and the building doesn’t open for another 18 months. Somehow a team that listed its operating income as a healthy $37.8 million in 2008 alone swung a deal in which it would pay only $155 million of the $634 million stadium complex. Meanwhile, Miami-Dade County agreed – without the consent of taxpayers – to take $409 million in loans loaded with balloon payments and long grace periods. By 2049, when the debt is due, the county will have paid billions.

Most harrowing is the takeaway that baseball’s biggest welfare case could have funded a much greater portion of the ballpark. In 2009, when the Marlins started spending some of their profits on their portion of the stadium, they still had an operating income of $11.1 million. The team fought to conceal the $48.9 million in profits over the last two years because the revelation would have prompted county commissioners to insist the team provide more funding. Loria, an art dealer with a net worth of hundreds of millions, wouldn’t stand for that. He wanted as much public funding as possible – money that could’ve gone toward education or to save some of the 1,200 jobs the county is cutting this year.

Surely Samson was joking when he called the leak of the Marlins documents and those of five other teams “a crime.” No, the real misdeed occurred when the head of a professional sports franchise misled the public in order to secure money that wasn’t his. When Forbes in 2007 reported the Marlins had the highest operating income in baseball, Samson denied the team profited, saying: “Very often the mistake that’s made is they look at revenue sharing numbers and the team’s payroll and take the difference and see profit without looking at our expenses.”

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Click on the above link to read this article in its entirety .
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Marlins’ owner Jeffrey Loria and his stepson , team President David Sampson seems aggrieved that documentation has come out detailing the profits of the ballclub and the fact that they have misled the Miami Dade County Government as well as the city of Miami Government with regard to financial well being. And all of this was done during and prior the leadup of the vote that would clear the way for a new ballpark to be built for the team on the land where the Orange Bowl Stadium was situated in downtown Miami. Whilst this has gone we’ve also had the rancourings of Nutting whose simply tried to abate the growing resentment of his actions and that of the Pirates’ front office . Their lackadaisical approach to what Nutting believes is a step in the right direction as to the competitiveness of the team belies what has taken place since he took over the organization. He and his syndicate members have pocketed tens millions of dollars while the team still remains the laughing stock of baseball and around the entire league . As many of you will no doubt know the monies given to the teams via thei league’s tax sharing revenue scheme is meant for the organizations to bolster their rosters in order to place a competitive product on the field of play. In all honesty can anyone actually attest to that the fact that is what has been done by the Pirates who play their games at PNC Park ? In recent years the same could be said of the Marlins , albeit that they have won two World Series titles in the past fifteen years.

Now Bud Selig could well plead to the fact that he simply knew nothing of what has taken place and the actions of the teams therei . But given what we’ve seen from Selig and his handling of the steroid and the total intransigence shown by him and then union Executive Director Donald Fehr . Once again has to ask if he actually knew nothing then he should’ve made it his business to know . It’s not as if the actions of the owners have been completely above board and at the same time the naivete shown by the respective governmental agencies at all levels has to come into question. I mean who the hell nowadays simply takes the word of multi-millionaire or billionaire franchise owner as if their word is gospel ? Only a complete idiot one would hazard a guess but then again simply look at the actions of the present administration and that of both Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke ? Inaction on both their parts and that of what many believe be collusion on the part of Congress and the US Senate has led many to believe that the financial meltdown could have been avoided had both legislative chambers not been in the pockets of the lobbyists of Wall St and beyond. The same can be said of Selig and his interaction with the owners around baseball. How can anyone tell the difference anymore with regard to the actions of those on Wall Street and that of the actions of the owners within MLB ? Can you actually say that there’s no difference between the two given the most recent revelations made ?

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Picture gallery for your perusal .

What thoughts if any do you have on the revelations that are now coming to light as to how many of the teams within baseball big and small actually now derive their profits ? Do you believe that in any way the government ought to intervene ? Or do you believe that this is best handled by the hierarchy of baseball and the team owners themselves ? Simply chime on in with a comment as to your own thoughts on the matter either way .

Alan aka tophatal …….. :)

Sasha Alexander

Actress Sasha Alexander formerly of the CBS hit series “NCIS” and now can be seen on TNT’s new crime drama “Rizzoli & Isles” in which she co-stars alongside Angie Harmon formerly of NBC’s Law & Order

About Alan Parkins

Brit ex-pat living C Florida . Work within corporate law for a law firm in the field of corporate governance on the international front concerning economic policies . Also cover the area of finance , banking . An , MBA graduate (LSE)and UCL (London) , M&A (mergers & acquisitions), economics , risk management & assessment . Martial artist (tae-kwondo, karate, savate & muy-thai) & vowed sports fan & sports junkie. Served in armed forces British ... Royal Marines Also an avid motorcycle junkie . Eclectic musical tastes _ reggae, r&b, soul, hip-hop, rap , jazz, classical. Film genres , Preferably thrillers , crime dramas Hobbies ..... reading biographies & anything by John Grisham Just a lil' something to make me feel comfortable ! Tophatal
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19 Responses to Wall St , Main St Who The Fu_k Can Tell The Difference Nowadays ?

  1. al clements says:

    I dunno….Congress “protecting” us from the Major Leagues?? That’s like the fox guarding the henhouse or that egg-sucking dag guarding the eggs.
    Those who live in glass houses should not throw stones is how I feel about the whole thing; now I know you will tell me, but how the hell does what the Majors do or not do affect the public? What Bernie and his ilk did hurt the general public. Those who caused the current “recession” also hurt the public…as well the Congress had their pinkies into the cause….same with the oil disater. As I say, Idunno…

    Like

    • tophatal says:

      al clements

      When ballparks are being erected at the sacrifices of services within one’s local community you ought to be concerned. Especially when it’s your taxes that are being used to fund those venues and the owners aren’t so much as donating a thing towards the cost. Look at the Yankees’ and Mets’ new ballparks ? Allegedly privately funded but in both cases the Wilpons and Steinbrenners’ were allowed certain property tax exemptions and funded heartily by the city of New York .

      So don’t think it doesn’t affect you at all even if you don’t attend a ballgame. You’re a taxpayer, then indirectly you’ve funded that ballpark while the owners haven’t in large part had to dole out a thing . Think about it do you think that they’d have gone along with the whole idea if those government agencies weren’t so damn gullible ?

      Loria and the front office is the main reason I now longer support the Marlins . I could see this shit coming down the pike ages ago and told my friend still living down south that this shit would happen !

      Al , you’re being short sighted and naive because when McGwire , Sosa and Bonds were booming those HR’s out of the ballparks fans were coming out in droves and paying money to see that happen. What we now know is that it was all one big fraud and yet not one thing has been done about it not by Congress or MLB. But the moment some manmade disaster happens everyone wants to sue . So why not sue MLB afterall they knew but simply turned and looked the other way ? . Don’t you get it at all ?

      :)

      tophatal … :)

      Like

  2. al clements says:

    Well…I knew you would tell me why. I agree with you totally, just never thought of it that way. Taxes did build all the major stadiums either directly or indirectly, thus furthering the owners’ bottom line.
    The steroid issue and all did not bother me, but I do see your point….perhaps all should have used, making the playing field level, but who ever said life was fair. I think most really believe that all ios fair in love and war….except one must follow the rulesm of engagement, yeah right!

    Like

    • tophatal says:

      al clements

      It’s not that I want to rebuke you but I do feel that when we’re being basically mistreated by the owners and hierarchies alike then we’re simply being treated like fecal matter on the ground . No one wants to step in it but merely over it.

      What do you think about Sasha Alexander posing so suggestively ? Big step from “NCIS” don’t you think ? Check her new series “Rizzoli & Isles” on TNT Tv you’d enjoy it.

      Here’s more of Sasha to make your day .

      :)

      tophatal …… :)

      Like

    • tophatal says:

      al clements

      A high school in Texas recently spent to close to $ 60 million on an 18,000 seat stadium . They’ve not got enough books or teachers to fullfil their commitment to the students yet somehow they can find $60 million for a stadium . Go figure ?

      tophatal ………. :)

      Like

  3. chappy81 says:

    It sucks that teams don’t care about their fans. I’ve always wondered why they wouldn’t put back into the team what the fans did. I’s one ugly mess that is taking away from the game. I wish it was less politics and more focus on making the game better instead all we get is the BS…

    Like

    • tophatal says:

      chappy

      It simply not just the teams but the owners and the hierarchies of the sports in question as well . You think that Goodell merely wants an 18 game schedule because the fans want it ? Hell no, for him and the team owners it’s simply about the “money” and not much else. Ticket prices have risen faster than the rate of inflation and we’re still getting something of a watered down product. In baseball it’s no different other than the fact that with this now all coming to light we see the owners , Selig and his cronies for what they really are …….. a bunch of lying fu_king cheats !

      Now you know why I essentially gave up on the Marlins as Loria and the entire front office were simply stringing everyone along with their lies which Selig and the game’s hierarchy were all complicit in . Read between the lines as to what’s happening in your own backyard there with the A’s as there’s a great deal that Wolff and the front office aren’t letting the fans actually know at this juncture.

      :)

      tophatal …………. :)

      Like

    • tophatal says:

      chappy 81

      What sort of excuse do you think Goodell may well now use not that the valuation of the teams in the NFL has depreciated on average by 2% ?

      Courtesy of Forbes magazine.

      Most valuable NFL franchises Click on link to view .

      One way or another he the team owners and the players will try and pull the wool over the fans’ eyes.

      tophatal ………. :)

      Like

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  5. aero says:

    I’ve always said that we in Florida have the best government money can buy. When all is said and done it is nobody’s fault but our own. We elect these crooks and most of them are only it for the money. The honest ones get stampeded by the greed of the rest.
    Now that the supreme court has opened the flood gates it is every man for himself.
    God help us all.

    Like

    • tophatal says:

      aero

      Well now that Rick Scott has won the Florida GOP gubernatorial nomination after spending $51 million of his own money what the hell do you think’ll happen next ? This from the same guy who claims he wasn’t aware his hospital chain had been defrauding the taxpayer and government for over a decade. WTF ?

      This situation just isn’t happening within baseball but within all of the four major sports . The thing is that the other sports have been secretive enough to keep their sh_t on the down low !

      Lucy Pinder

      I’ll be on the down low with you aero as you know I’ve got what it takes to make you smile and keep you happy. Glamour model Lucy Pinder .

      :)

      tophatal ……….. :)

      Like

  6. chappy81 says:

    I agree with you, and that’s what I’ve been saying about the A’s this year. IF they don’t spend some money to get some bats next year, I’m going to be pissed. I think the Marlins situation is hurting the A’s chances of getting a stadium deal done too… Business is ruining the sport as much as their ability to conform to the era…

    Like

    • tophatal says:

      chappy 81

      What pisses me off is the gullibility of these government agencies from the municipal level through to the county and state levels. Never mind we have the fuc_ing Congress literally fawning over the league and Selig as if they’re some hot naked chick showing her tits , ass and whatever else is on view. Instead of them spending money on their infrastructre and to elicit a strong economy they’re bailing out a bunch of friggin’ millionaires and billionaires. How fu_king asinine is that to begin with ? A moron like sports’ talk show host JT The Brick is a real dick and he claims to have worked as a stockbroker ? Please he couldn’t spot a stock tip if it came and bit him on the ass as a sign ! He’s kissed Selig’s ass so often that you can see the stain on his lips .

      Over the last three years Selig has earned in excess of $ 40 million and what the hell has he actually done for the game that has put it on a good financial footing ?

      :)

      tophatal ……. :)

      Like

  7. tophatal says:

    Guys

    What I’d really like to see is MLB open up its finances for public scrutiny but there’s about as much chance of that happening as there is of Congress having an idea as to how to solve the economic crisis and bring about peace in both Afghanistan and Iraq. Who’s in agreement with regard to this specific sentiment ?

    Bud Selig can come and lick this honey off my thick black ass ! And then I can take a dump on his face at the same time !

    tophatal …………. :)

    Like

  8. chappy81 says:

    Selig has done nothing good for baseball Al, nothing! :)

    Like

    • tophatal says:

      chappy

      He’s been paid in excess of $40 million over the last three years and all he’s brought to the table is an “asinine steroid abuse policy” and the wildcard playoff system and that has been absolutely it. But yet Fox Sports Radio late night talk show host JT The Brick believes him to be good for the game. Both of these guys are so fu_king dumb that it’s a crying shame listening to anything that either has to say. Both are self opinionated and have about as much insight as a blind man in the midst of a minefield !

      Brick claims to have worked as a stockbroker and his other claim to fame is having won a contest on Jim Rome’s show that led to himn to become a talk show host over a decade ago. Half the time his show is more about him, what he thinks and how we all ought to share his his views. Fu_k him I say because he has about as much credibility as a current sitting member of Congress !

      JT The Brick one half of the current Dumber & Dumber Crew of which the other half is none other than Bud Selig !

      Bud Selig

      Brick’s belief also happens to be that ballparks ought to be built at whatever the cost . I guess in his eyes if the fans pay for it that’s OK ? What a fuc_ing idiot !

      tophatal …… :)

      Like

  9. Gotta take all these radio guys with a grain of salt, Al.

    They’re just one of the reasons we’re seeing a change in the way sports is reported.

    Fortunately.

    Like

    • tophatal says:

      Chris Humpherys

      The way sports is now being reported and the talk show entities themselves have become an unintelligible joke. The likes of the Gray and Brick make the political pundits on the left and right seem friggin’ intellectuals . Jim Gray isn’t a particularly good journalist to begin with and Brick as he calls himself is an oaf. As to the information now coming out concerning the teams in question I can guess that Selig and the whole office of his will maintain their silence .

      This is the time when the government should really intervene but in essence they’re just as complicit as those who actually run the game to begin with ! The fans are simply now apathetcic to the whole situation.

      tophatal ………. :)

      Like

  10. tophatal says:

    chappy

    Having Selig regale us as to what he’s done for baseball is similar to hearing the Roman Catholic Church wax on lyrically as to how they helped the Jews during WWII and the help given to victims pedophilia who suffered at the hands of their priests. It’s one big damn joke and a complete fraud . Selig and the owners however have become one big joke that no one now is actually laughing at. They have fu_ked up the sport that it no longer resembles anything that one associates with sportsmanship and allegedly what was once America’s passtime . Can’t put it anymore succinctly than that .

    tophatal …… :)

    Like

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