Something Else That The State of California Is Well Known For Accepting Mediocrity While Trying To Assuage Us With Their Greatness & Narcissism .

Something Else That The State of California Is Well Known For Accepting Mediocrity While Trying To Assuage Us With Their Greatness & Narcissism .

Well not unlike the state legislature of California that faces such acute financial problems we now have the Los Angeles Dodgers facing woes of its very own. Now it’s a fact that Los Angeles Dodgers will now officially file for bankruptcy . I was repeatedly told by patrons within this medium that bankruptcy would and could never happen . If that’s the case then explain to me how it is that in the last twenty four months the following teams in Major League Baseball each had to file for bankruptcy . In the cases of the Chicago Cubs and Texas Rangers Chapter 11 ( Bankruptcy Protection & Reorganization) was seemingly the only way out from financial mismanagement by their then owners . Now with that in mind it shouldn’t come as a surprise to anyone that now two of the games most storied ballclubs are effectively in the same boat. And as acute as the situation now appears to be with the Los Angeles Dodgers , it could very well be far more grave for the New York Mets and their situation. The club is defendant in a civil suit alongside principal owners Saul Katz and Fred Wilpon as part of the fallout from the Bernard Madoff Ponzi scheme scandal . Much of what we know concerning the Dodgers has been the mismanagement and the very fact that MLB hierarchy simply suborned much of the absurdity that has taken place ever since Frank McCourt assumed control of this team with his purchase of the organization from Fox Inc whose parent company is News Corporation .

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Slideshow for your perusal .

From my own standpoint this should be a fucking wake up call for the idiots who carry on as if they’re in the know when it comes to the economics of the game but instead they’d rather talk about the shit like the future of the game and the young prospects there . That’s like trying to search for the leprechaun’s pot of gold in the hope that at the end of the day things will be great . Let’s get real here the owners as we know them to be are not that business minded in spite of their apparent wealth and alleged entrepreneurial acumen . And not to be left out of this all has to be those asinine general managers within the game . Baseball has and will always continue to shoot itself in both feet because its hierarchy simply isn’t bright or astute enough to either do or know what is actually appropriately the right thing to do !

Once MLB Commissioner Bud Selig saw fit to bring in former diplomat C Thomas Schieffer to oversee the day to day running of this team we all knew that the Dodgers and Frank McCourt had reached the point of no return . But if anyone with the slightest bit of common sense could see that the writing was on the wall and the sense of foreboding for the organization. And while this was all going on what might be even more contemptible was the fact that GM Ned Colletti , COO Geoff Wharton , CFO Peter Wilhelm , CRO Michael Young and Tommy Lasorda simply chose to remain silent . Which begs the question what is it with the damn stupidity that obviously had to be taking place within the front office of the Los Angeles Dodgers ? . From my own standpoint this is something that is long overdue and had to happen for baseball and the fans to finally sit up and take note ! Are some of the so called intellectual fans out there and those who claim to be insiders are simply that naive ? I’ve no doubt that the so called analysts at Fox and ESPN will now try to regale us with what they see as a painful episode , all the while these very same ingrates undoubtedly chose to ignore this story once it came to the public forefront .

Over the coming days and weeks I’ve no doubt that this all well be thoroughly discussed and written about all with a view to seeking a reason why this had to happen to one of the most storied teams in all of baseball . Well when you have a sport that shows no transparency on any level whatsoever what the fucking hell would you expect ? It’s not as if the league hierarchy itself during Selig’s tenure has ever been known to be completely open with regard to its business practices much less has a propensity for actually telling the truth on any level.

It is extremely sad to see a once great ballclub simply fall from grace and then think that Frank McCourt and the Dodgers’ hierarchy are solely to blame because much of what we know to have factually happen has been due to the inaction of the hierarchy of the game. It’s all too little too late for the organization , even with the Dodgers having now filed for bankruptcy protection . It will now be extremely difficult for the team’s creditors to actully recoup monies owed given the debt amassed by Frank McCourt which if we are to believe could very well exceed in excess of $600 million and that’s simply a conservative estimate as neither the ballclub or the league hierarchy have chosen to be completely transparent and the mere fact that Selig now wants to be seen as a knight riding into the rescue when nothing could actually be further from the truth . Instead this has more to do with the league wanting to give its image a raise in its already diminished and tarnished profile . And here was I thinking that the league handled the ” steroid issue” with about as much deftness as a blind man playing hopscotch in the midst of a minefield ! There has been more blowblack and utter cluster fucks dug up here than can actually be found in a whore’s closet !

Courtesy of The all St Journal

Baseball Blasts Dodgers Bankruptcy Loan

By Patrick Fitzgerald and Marie Beaudette

Major League Baseball on Tuesday moved to intervene in the Los Angeles Dodgers bankruptcy case, blasting owner Frank McCourt and claiming it has a “cheaper, no strings-attached solution” to the team’s financial woes.

The office of baseball Commissioner Bud Selig, who has been sparring for months with embattled Dodgers owner Mr. McCourt, said in court papers filed Tuesday that acting in the best interests of baseball, the league will provide the Dodgers with a “less expensive and otherwise superior” bankruptcy loan.

Mr. McCourt placed the Dodgers into Chapter 11 protection on Monday in U.S. Bankruptcy Court in Wilmington, Del., in a last-ditch bid to avoid having the team seized by the league.

The league says Mr. McCourt has “siphoned off well over $100 million” of the Dodgers’ revenue and has driven the team to a “liquidity crisis so severe that, absent extraordinary measures, the club would be unable to make its payroll.”

The team turned to a hedge fund manager owned by J.P. Morgan Chase & Co., which is providing a $150 million in so-called debtor-in-possession, or DIP, financing for what the league says is an “excessive” fee.

Major League Baseball blasted Mr. McCourt, saying he has placed his own financial interests over that of the club. While the Dodgers say they conducted an extensive search for financing, MLB says Mr. McCourt never approached the league, “an obvious source of a DIP loan,” according to court papers. A McCourt spokeswoman declined to comment.

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So what now for the Dodgers and how does the hierarchy deal with this all ? In seeing the Los Angeles declare bankrupcty it now leads to Frank McCourt will either sell the team or perhaps seek a cash infusion . Creditors will no doubt be very weary of the situation and given the fact that should MLB have to fully intervene then teams around the league will be on the hook as they hierarchy seeks to pay off many of the Dodgers’ creditors monies owed . Amongst those still owed monies by the ballclub are ex players Ted Lilly , Manny Ramirez and Andruw Jones are said to be owed in excess of $24 million as well as broadcaster Vin Scully some $150,000 . This now begs the question, if McCourt is still able to meet payroll for the month of June then what of the ensuing months and where indeed will those funds actually be coming from ? We know that the $3 billlion deal that McCourt had been counting on as part of a negotiated tv contract deal with the local Fox affiliate left a great deal to be desired as much of those funds were due to pay down debt inucrred by McCourt and associated business interests .

Seemingly , when I’ve asked how it is that Frank McCourt was simply allowed to violate league rules in using the ballclub as collateral in multiple business deals repeatedly . But yet somehow the league hierarchy under Bud Selig has simply kept silent on this issue . If anything this all now leaves this ballclub in a complete mess and there’s no way in hell that any potential free agent would seek to even show an interest in the Dodgers . Given the financial uncertainty of this team, who the hell would want to be playing in the hellhole of Los Angeles with the current regime in place ? What might be even more worrying is where this now leaves the future of the coaching staff under Don Mattingly and the potential free agents with the Dodgers at present ? This once proud franchise has no one but to blame but itself but I would also say that due diligence was certainly not used by Bud Selig and the owners when they gave their approval in the sale of the Dodgers to Frank McCourt. The owner came into the organization with a great deal of baggage that if anything should have been a precursor of the mess that would become a part of the Los Angeles Dodgers’ current debacle . Multiple litigant problems many of which McCourt was a plaintiff and some where he was a defendant but if anything the league hierarchy should have been fully cognizant of those issues .

I’m not so sure what the rest of the season holds for the Los Angeles Dodgers and at the same time what are the poor and disenfranchised fans to think about this mess ? I’m sure as such that they are no doubt being very vocal and vehemently against Frank McCourt still being in control as the owner of this team . Furthermore , I can’t help but wonder what the future now holds for the players not only on the team but also for the prospects and farm system of the organization as a whole ! Baseball has simply been a mess not solely because of the financial ramifications that has befallen the teams in large part but also because of the idiocy shown by the league hierarchy and the intransigence of the MLBPA .

I’ve long maintained that Bud Selig has been a poor commissioner for baseball and about as out of touch as to the acute problems that the sport now faces ! It’s no use living in the past without having learned nothing from those events and herein lies another of the many problems that the game faces , it is that nothing at all has been learned by the owners the union (MLBPA ) or the league hierarchy itself as they merely seek to carry on business as usual . If there are any potential suitors for the Los Angeles Dodgers it will be very interesting to see what sort of value is placed on the organization and whether or not that suitor would indeed be willing to pay the price being asked as to the potential value of this team .

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Picture gallery for your perusal .

What thoughts if any do you have concerning the plight of the Los Angeles Dodgers ? And where would you apportion blame for much of the fallout for this monumental financial disaster that has now encircled the ballclub ? Simply chime with a thought on this topic and anything else you feel pertinent to the subject matter broached in this piece .

Alan aka tophatal …….. https://tophatal.wordpress.com

Picture and slide show for your perusal .

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(1) Los Angeles Dodgers’ Trent Oeltjen smiles at some Dodgers fans late in the baseball game against the Minnesota Twins Monday, June 27, 2011 in Minneapolis. Oeltien was 4-for-4 with two singles, a triple and a home run in the Dodgers’ 15-0 win. AP Photo/Jim Mone …..

(2) MINNEAPOLIS, MN – JUNE 27: Tony Gwynn (10) of the Los Angeles Dodgers singles against the Minnesota Twins in the first inning on June 27, 2011 at Target Field in Minneapolis, Minnesota. The Dodgers defeated the Twins 15-0. Photo by Hannah Foslien/Getty Images …….

(3) Alexi Casilla (12) of the Minnesota Twins is out at home as A.J. Ellis (17) of the Los Angeles Dodgers defends home plate in the sixth inning on June 27, 2011 at Target Field in Minneapolis, Minnesota. The Dodgers defeated the Twins 15-0. Photo by Hannah Foslien/Getty Images …………

(4) MINNEAPOLIS, MN – JUNE 27: Ned Colletti, General Manager of the Los Angeles Dodgers watches batting practice before the game against the Minnesota Twins on June 27, 2011 at Target Field in Minneapolis, Minnesota. Photo by Hannah Foslien/Getty Images ……

(5) LOS ANGELES, CA – FILE: Los Angeles Dodgers owner Frank McCourt speaks at a news conference at Dodger Stadium prior to a game between the St. Louis Cardinals and Los Angeles Dodgers on April 14, 2011 in Los Angeles, California. It was reported that the Dodgers have filed for bankruptcy protection in a Delaware court June 27, 2011. Photo by Kevork Djansezian/Getty Images ……

(6) Bud Selig commissioner of MLB , whose tenure as the game’s highest ranking official has been steeped in a great deal of controversy . In the last twenty four months three major league teams have had to file for bankruptcy protection under the commissioner’s watch but he and the league hierarchy have done little to try and rein in the financial mismanagement that now seems rampant not just amongst the teams but also at MLB’s headquarters . AP Photo / Carl Nash …….

(7) Dodgers’ manager Don Mattingly (L) and general manager Ned Colletti of the Los Angeles Dodgers attend a press conference announcing that Mattingly will manage the Dodgers in 2011 after Joe Torre retires at Dodger Stadium on September 17, 2010 in Los Angeles, California. Getty Images North America / Lisa Blumenfeld ….
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If at all interested do take time to participate in the above poll .

What’s A Billion Dollars ($1,000,000,000) Amongst Friends …. ? In The NBA It’s Not A Lot ………….

My biggest problem isn’t what happens prior to the game, it’s everything that’s said to happen afterwards. The NBA and all of the proclivities that the league has with regard to its product and how its marketed. No don’t get me wrong, David Stern and the NBA hierarchy has a right to do with as it pleases, with anything within its parameters, concerning the game of professional basketball. This is is now a multi-billion dollar business enterprise ,with revenues across international borders. But herein lies the rub, with diminishing attendances at the games and the mere fact that with several of its franchises in severe financial problems. It begs the question what does the NBA aspire to be ?

$1,000,000,000    One billion  dollars


$1,000,000,000 – One billion dollars cash. Could this really be what it looks like ? Staggering to think that many of us are not liable to see an amount such as this, up close and personal. That’s unless you happen to be a close personal relative of either Warren Buffet or Bill Gates ?

LeBron James  of the  Cleveland Cavaliers  goes  up strong to the  boards for the  dunk  over the  Miami  Heat's  Jermaine  O'Neal .

LeBron James of the Cleveland Cavaliers goes up strong to the boards for the dunk over the Miami Heat’s Jermaine O’Neal.The Cavaliers would go on to defeat Miami 111-104 in a game played at the American Airlines Arena, Miami, Florida. picture appears courtesy of nbae/getty images/ Isaac Baldizon ……

For all of the inherent problems that the NBA has, much of it being of its very own creation. I now see the NBA falling back into its same old ways and the needless wish to just continue to market its stars, rather than marketing its teams to the public.

Courtesy of The (New Orleans) Times Picayune

Commissioner David Stern says NBA holding up in tough economy

By John Reid, The Times Picayune

Despite a sluggish economy still causing concerns for many businesses, NBA Commissioner David Stern said his league is weathering the storm with only a slight decrease in season-ticket renewals from last season.

In his annual tip-off teleconference, Stern said renewals are down by less than three percent from last season’s 79 percent rate. He said a majority of teams have kept ticket prices the same or decreased them slightly.

The Hornets have not released their renewal rate or season-ticket total, but owner George Shinn said at last month’s media day their sponsorship sales are better from a year ago and their ticket sales are running about the same rate as last season when they totaled more than 10,000 season-ticket holders.

“Well, our sport is not in recession compared to the economy, but we’ve been working intensely with our teams, ” Stern said. “We’ve been working with them and their pre-sale of game tickets and their group (sales). We also have been working with them on sponsorships, and we’re seeing signs of renewed movement.

“We know that we’ll be challenged by the economy, as all businesses and sports are, and that our revenues may slightly decrease because many of our teams are reaching out to their communities and moderating their ticket prices. So although we expect a season of robust attendance, probably easily within our top five, our fans will be treated to competition that is really unique. We think, like everybody else, we’re going to have to fight our way through the season with respect to the economy.”

To meet their financial bottom line, Stern said their biggest task is making sure ratings continue to be steady. The league announced that 45 million homes subscribe to its NBA TV network on cable. In addition, Stern said the league is targeting its digital media to attract more fans.

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While I’m no David Stern apologist,with him holding the game’s highest official post,as its commissioner. I think from the outset he’s proven to be a marketing genius ! Even if his rule has become autocratic and almost resembling that of a third world despot dictator. But that’s what the game needs but essentially Stern tends to go overboard in nature. I think if anything he’s become too enamored when he’s front of the camera . Every sound byte uttered, has to be one where he’s heard loud and clear. Were he not older than that pompous ass known as, Donald Trump. I’d swear that they’re kindred spirits. I doubt however, that they’re liable to meet and greet in the same social circle. But I may well be wrong. There are several things most definitely that the two have in common. One of which, is that there’s no camera in a room that they won’t make sure that they make every effort to be caught in-front of. And the other thing, is that, they’re both vastly overpaid for the jobs that they currently do. Trump , even more so, considering the financial state of several parts of his business empire. But then again, he’d have you believe different.

NBA Commissioner  David Stern  Absolute  Power  .........

Money and power corrupts ! Absolute power and money makes you … So what ought we to make of NBA commissioner, David Stern ? Is he the most powerful man in all of sports ?

Ask an NBA fan what they’d do with one billion dollars ? That’s the number one, with nine zeros for the uninitiated. And I’d dare say you’d be greeted with a wide variety of answers to that pertinent question. Ask David Stern what he and the NBA would do with a billion dollars ? And he’d no doubt reply that the money would be used to safeguard the franchises within professional basketball. Well, considering that over the last decade the NBA has been the recipient of $1,000,000,000 , at the behest of Stern,through the willingness of the banks on Wall St and beyond to loan the league money. I guess that several amongst you would be surprised by this revelation ? Or perhaps not ? I mean what other sports other than basketball, football, stock car racing can their governing bodies be afforded such largesse at the taxpayers' expense ? Meanwhile they can still facilitate their business operations while still opting for financing from the commercial and investment banking system ? Isn't life grand for the hierarchies of the NFL,MLB, NASCAR and the NBA ? And isn’t it somewhat asinine to hear people en masse complain about the very fact that they’re afraid their taxes will be raised that the government shouldn’t be interjecting itself in the business practices of companies ? What they seem to forget that many of the problems faced by those companies were self inflicted. And for the NBA it is no different !

Well David Stern and his members would have you believe that many of the league’s problems stem from the very acute economic climate. Truth to be told, the hierarchy wasn’t about to change its business template of spending extravagantly. Instead of stemming the tide of outlandish behavior in terms of their spending.
They just proceeded ahead, as if , all was well. Now we know that in excess of 40 % of the league’s franchises are experiencing some sort of financial difficulty of some sort. And that would include such franchises as the Cleveland Cavaliers, Sacramento Kings, Dallas Mavericks, Orlando Magic, New Jersey Nets , New Orleans Hornets and the Charlotte Bobcats, to name but of the few franchises in question.

Orlando  Magic owner  Rich  Devos  shakes  hands  with  the team's  All  Star  center  Dwight  Howard .   picture  appears  courtesy of  ap/photo/  R B  Hapgoode  .................

Orlando Magic owner, Rich DeVos, seen here shaking hands with the
team’s All Star center, Dwight Howard. picture appears courtesy of ap/photo/ R. B. Hapgoode …….

This last fiscal year , saw the league financed through a bank loan, to the tune of $250 million , to be shared amongst 14 NBA franchises. And with these being private business entities. Their books aren’t opened or called upon to be opened for public or financial scrutiny. But yet as is more often than not, many of these very same franchises look to the local communities by way of the local, county and state levels to make sure that they’re well taken care of. Much of this comes about with the so called discretionary broadening of the tax base. Wherein, taxes and service charges are raised in order to facilitate the building of new venues for the benefit of the owners of the various franchises. Meanwhile , much needed services within a community are either overlooked or placed on the backburner for a later date.

Orlando Mayor  Buddy  Dyer  looks  out  from his  office  in  downtown  Orlando

City of Orlando Mayor,Buddy Dyer, looks out from his office unto the horizon of the downtown Orlando area. Dyer was one of the main facilitators in getting a new arena built for the NBA franchise, the Orlando Magic. picture appears courtesy of orlandosentinel/ Jason Arnot ………

If you doubt my word, then consider the situation of the Orlando Magic and that of city of Orlando, itself , the county government of Orange County,Florida. And that of the very Sate of Florida , the backdoor maneuvering that took place, primarily at the behest of the city of Orlando Mayor, Buddy Dyer. And that of those, up in the higher echelons of the county and state governments. Their sole purpose has been the building of state of the art facility for the NBA franchise. While at the same time using the pretext that this will bring about much needed revenue at all levels and the creation of jobs within the city and the community at large.

Granted , the infrastructure of the downtown Orlando is due for much needed development. But one hardly thinks that an NBA venue is of the highest order for a county whose unemployment rate is in line with the national average. And where at the same time budget shortfalls, has meant the cutting or derailing of much needed services and the furlough of government employees- as well as seeing services within education , and community safety (police and fire department) being cut with certain employees being relieved of their positions. Somehow, one doesn’t equate as a benefit to the community. When at the same time you’re enabling the building of a sporting arena , that many of the residents will hardly be able to afford the price of admission for a Magic game . Much less any other event that’s liable to take place there.

And while the Orlando Magic (6-3) seeks to place itself amongst the elite of the NBA and in particular within the Southeast Division of the Eastern Conference. Is it me , or is it my imagination ? But isn’t this the franchise owned by one of the richest men in the state and by last count the 91st wealthiest individual in the United States ? That indelible mark belongs to none other than Magic owner , Rich DeVos , co-founder of Amway Global Inc. DeVos, a multi-billionaire (estimated worth $3.4 billion) and benefactor to the central Florida area , has gone out of his way to make sure that political favors were called in – in order to facilitate the quick vote insuring that an arena would be built to house his basketball franchise. That being said, how can one explain this to the working man who struggles to make ends meet by keeping his family fed and a roof over their heads ? Especially, in light of what is allegedly going on between the franchise’s owner and that of the Mayor of Orlando. It creates the scenario, that as long as you have the money and the contacts, anything can be done for the right price.

A billion dollars to you or I , could go a long way in alleviating a community’s problems. In the NBA , it’s just mere pocket change when measured against their ceaseless revenues from various endless entrepreneurial schemes that they’re in command of- in conjunction with various partners across the globe. Somehow, when I listen to David Stern speak about the game and all of the pleasure he believes it brings to the fans of the NBA. Why do I get the impression that while he’s giving the speech, he’s also laughing all the way to the bank ?

The Russians Are Coming The Russians Are Coming ………….

Now that the ‘Cold War’ has ended , though there’s still said to be some distrust, disquiet , between the two former adversaries and by those who claim to be in the know. There’s an interesting anomaly that seems to be arising in the world of sports. In particular as with regards to the sports horizon in the United States and its landscape.

In Major League Baseball (MLB) there are two foreign owners of a major league franchise. In this case it is the Seattle Mariners . They’re owned by Nintendo of America Inc. who are part of the Japanese multi-national company, Nintendo Co,. Ltd . And there’s also the Toronto Blue Jays , owned by the wealthy but reclusive Rogers family. In the NHL , – well obviously there are the Montreal Canadiens and the Toronto Maple Leafs .

The NFL for all of its history and legacy does not possess a foreign owner , much less an ethnic minority owner in any of its 32 franchises. And this from a sport with burgeoning ambitions to become a global brand. It remains the one sport that despite its appearance would rather at ownership level remain and keep the status quo as it is. Essentially an ‘old boys network’ filled with a certain type of owner .

Russian  tycoon  Mikhail  Prokhorov  listed  as  Russia's  wealthiest  person  and  at   #40   Forbes'   list   of the  world's wealthiest  individuals   for   2009.   Prokhorov   has  made  a  detailed    offer  to   purchase a  majority  stake  in the  New  Jersey   Nets   along  with  a  capital  infusion   provided   for  the  development  of  the  Atlantic  Yards  project.  An  area that will   encapsulate   residential    as  well  commericial   properties   with  its  centerpiece  being   the  Barclay  Center-  which  will  become  the  new  home of the  New Jersey  Nets.     The  development   will  be  situated   in Brooklyn,  NY,.      picture appears   courtesy  of   ap/photo/  Mikhail Metzel   ......................................
Russian tycoon Mikhail Prokhorov listed as Russia's wealthiest person and at #40 Forbes' list of the world's wealthiest individuals for 2009. Prokhorov has made a detailed offer to purchase a majority stake in the New Jersey Nets along with a capital infusion provided for the development of the Atlantic Yards project. An area that will encapsulate residential as well commericial properties with its centerpiece being the Barclay Center- which will become the new home of the New Jersey Nets. The development will be situated in Brooklyn, NY,. picture appears courtesy of ap/photo/ Mikhail Metzel ......................................

The NBA now but down to one foreign owned franchise, in the form of the Toronto Raptors . They’re now said to be on their way into possessing a second . It is widely being speculated upon that Russian tycoon Mikhail Prokhorov will formally make a bid to buy in part , the New Jersey Nets. It is said to already have the blessing of NBA commissioner David Stern. Though the formal announcement has yet to be made as it await the NBA’s Board of Governors’ approval. It is not thought that there will be dissenting voice or vote in the process. And certainly with the most recent maneuver whereby the Cleveland Cavaliers‘ owner Dan Gilbert sold a minority stake in the franchise to a Chinese entrepreneur.

The  Barclays  Center    as   the  projected   future home  of  the  New  Jersey   Nets  .  The  design  is   by  architectural   firm  Ellerbe  Beckett .  picture appears courtesy of  curbed.com/archives/ barclays  center  ......................
The Barclays Center as the projected future home of the New Jersey Nets . The design is by architectural firm Ellerbe Beckett . picture appears courtesy of curbed.com/archives/ barclays center ......................

Courtesy of Yahoo Sports and AP

Russian tycoon to buy Nets, move team to Brooklyn

By Tom Canavan AP Sports Writer

EAST RUTHERFORD, N.J. (AP)—The NBA has truly gone global.

Russian tycoon Mikhail Prokhorov reached an agreement Wednesday to buy 80 percent of the financially strapped New Jersey Nets and nearly half of a project to build a new arena in Brooklyn.

The only thing that stands in the way is a nyet from the league’s board of governors, and that doesn’t seem likely with NBA commissioner David Stern already giving the deal his initial blessing.

The proposed blockbuster deal would give the Nets’ current principal owner, Bruce Ratner, the needed cash to move forward with the Barclays Center, the centerpiece of his Atlantic Yards development, which includes plans for retail and residential projects.

It would make Prokhorov, a billionaire and former amateur basketball player, the NBA’s first non-North American owner.

It would also mean the Nets really do seem headed to Brooklyn, a New York City borough without a major pro sports franchise since baseball’s Dodgers moved to Los Angeles in 1957.

“Interest in basketball and the NBA is growing rapidly on a global basis, and we are especially encouraged by Mr. Prokhorov’s commitment to the Nets and the opportunity it presents to continue the growth of basketball in Russia,” Stern said in a statement.

Dallas Mavericks owner Mark Cuban, too, is ready to welcome Prokhorov to the NBA.

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In order to read Tom Canavan’s article in its entirety just click on the link provided.

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The New Jersey Nets’ principal partner Bruce Ratner , whose paramount issue at present is the relocation of the franchise from New Jersey to New York City (Brooklyn). And it is felt with the cash infusion provided by Prokhorov. It would facilitate the finishing of the project known as the Atlantic Yards project. At the center of this all will be the Barclays Center , which will become the new home of the New Jersey Nets. The project itself is multi-billion dollar undertaking. And it envisaged as an area of residential as well as commercial properties with the Barclays Center as its center piece.

Bruce  Ratner seated  left   of movie  star  Bruce Willis   is the  principal  partner   in the  ownership   group of  the NBA's  New Jersey  Nets.   Ratner  and  his  ownership   group  are  awaiting the NBA's   blessing  to  sell  in  excess of  80%  of  the  franchise  and  other  assets  to Russian  tycoon   Mikhail  Prokhorov.  picture appears courtesy  of  getty  images/   Richard   Hauser .......................
Bruce Ratner seated left of movie star Bruce Willis is the principal partner in the ownership group of the NBA's New Jersey Nets. Ratner and his ownership group are awaiting the NBA's blessing to sell in excess of 80% of the franchise and other assets to Russian tycoon Mikhail Prokhorov. picture appears courtesy of getty images/ Richard Hauser .......................

With this now comes the perception that this won’t be the last big undertaking by the Nets’ ownership. It is widely thought that with impending free agency of the Cavaliers’ Le Bron James at the end of the 2009-10 season . The New Jersey Nets will make a solid push to obtain the player. Certainly the Nets won’t be the only team looking to lure the player to ‘The Big Apple’, as it’s also thought that the New York Knicks will most certainly make the player a very lucrative offer. And it is thought the Cleveland Cavaliers will move heaven and earth to insure that James remains in Cleveland.

Rap star , music mogul and business entrepreneur Jay Z , who’s also a minority owner of the New Jersey Nets. Here he speaks with fellow rap star and record producer Jermaine Dupri and his ambitions to bring the Nets to Brooklyn. It’s also believed that he may well sway the decision that’s yet to be made by LeBron James and whether or not he’ll leave the Cleveland Cavaliers.

Certainly should this deal be approved by the NBA . Then it would most certainly change sporting landscape within the United States. The NFL in large part sees itself as a burgeoning brand on the international market. But essentially they’ve been somewhat haphazard in their marketing of their brand and product to the outside world. And while the game is growing in popularity across the globe. The resonance that it has sought , has yet to reach the levels attained by the NBA. This only adds to the dilemma that it now faces. And for the NBA , the acquiring of a foreign based owner in the guise of Mikhail Prokhorov will be seen as a boon for them and a ‘grand marketing idea’ that they can build around to further their already established brand on a global scale.

Cavaliers'  player  LeBron  James   signs  copies   of  book  'Shooting  Stars'  at  a  book  signing   at  a Borders  bookstore in  Westlake  ,  Ohio.   The   player    seeks   impending  free  agency   after  the  2009-10  NBA   season.   And  it's  believed   that  there'll  be  a  fullcourt  press  by   both  the New  York  Knicks  and  New  Jersey  Nets  to  acquire  the  player.   The  book   is  James'   first  take  at   writing   and  he was  assisted  in the process  by  noted   author  Buzz  Bissinger , who   wrote   'Friday  Night  Lights'  .   picture appears  courtesy  of   ap/photo/  Amy  Sancetta  .......................
Cavaliers' player LeBron James signs copies of book 'Shooting Stars' at a book signing at a Borders bookstore in Westlake , Ohio. The player seeks impending free agency after the 2009-10 NBA season. And it's believed that there'll be a fullcourt press by both the New York Knicks and New Jersey Nets to acquire the player. The book is James' first take at writing and he was assisted in the process by noted author Buzz Bissinger , who wrote 'Friday Night Lights' . picture appears courtesy of ap/photo/ Amy Sancetta .......................

Well one can surmise to invest in an NFL franchise is a considerable one. Given the fact that the average price of an NFL franchise is slightly more than a $1 billion . And if you were of the opinion what it would indeed cost to be new starting franchise in the NFL. Well unless you can come up with rights’ fees and then have at least another $1 billion dollars in financing for a stadium and other ancillary costs . Then the NFL isn’t the business you really want to be getting into. And that’s even with the over inflated price tags of their franchises. The revenues garnered by way of the tv rights and marketing , may well make it on appearance a lucrative investment. But for every dollar invested what is the return on that particular investment ( roi ) ?

I for one think that with the impending addition of Prokhorov as an owner within the NBA. It can only be of benefit to the game , domestically as well as on the international front. It adds to the ambitions of the game’s hierarchy. And in essence it gives the impression that there’s also a favorable environment for an aspiring sports franchise owner to invest here in an identifiable product and brand. At present the same can’t necessarily said of the NFL. It’s still looking for its first ethnic minority owner , never-mind one from the international arena. And that’s something that the NFL hasn’t really pursued at any level , in reality. If they’re of the opinion that the ‘Rooney Rule’ fixes anything, then they’re sadly mistaken.

Roger Goodell, nor his predecessor, Paul Tagliabue , had gone far enough to ingratiate the thought of even having a minority owner of a franchise within the NFL. It has been something of an eye opener to many and nearly not enough for a number of people who’d obviously like to have seen a genuine effort from the NFL.