They haven’t got a pot to piss in , much less a window to throw it out of ….. ideas of grandeur , baseball style .

They haven’t got a pot to piss in , much less a window to throw it out of ….. ideas of grandeur , baseball style .

By Tophatal

Well the MLB off-season is proving to be just as thrilling as teams seek to shed payroll , while others seek to increase payroll , with the ultimate goal of glory , success , and all that it may entail . No need to guess , who the big winners are at this juncture before the season has even started . Both the Los Angeles Dodgers and Los Angeles Angels have sought to make their “big splash” , while north of the border , the Toronto Blue Jays have sought to revamp their roster and increase their payroll .

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The biggest acquisition made by the Blue Jays has been that of Cy Young Award winner R A Dickey, from the New York Mets , and given the franchise’s ongoing precarious financial position , of which their idiotic fans seem to fail to comprehend , it is my firm belief that the front office will continue on , with its own self-styled fire sale . Granted , the Toronto Blue Jays were made privy to the Miami Marlins’ fire sale , where the South Florida franchise has once again embarked upon divesting of the big-money contracts they were handing out out to those free agents like “ cotton candy”. A hellacious season of inept performances , the firing of a manager and the Marlins’ foray in 2012 can be best described as an almighty cluster fuck of “gargantuan proportions” .

In the midst of this mess , the “so-called in-depth investigation “ that Bud Selig has stated would take place , has actually failed to materialize , with no one having been empaneled by the commissioner to even remotely ascertain how and why team owner, Jeffrey Loria , and other Marlins’ front office executives, team President, Larry Beinfest , GM, Michael Hill and EVP ,Dave Sansom , have been allowed to simply wreak havoc upon this franchise, while at the same time giving the team’s fans false hope. It has been this sort of mismanagement that continues to take place around the game , under premise harsh economic times . Personally , I believe it to be “ one great big fucking lie” being suborned by the team owners and countenanced by the MLB hierarchy !

And lo and behold , it is this sort of apathy by the fans who buy into a franchise’s premise that because they have failed to meet certain goals , then they have to divest themselves the “ burdensome salaries” on their books. Unless I am mistaken, these self-styled executives and owners went into these negotiations with the players and their agents with their eyes wide open , did they not ? Furthermore , a close acquaintance patron of this site suggested to me that the Tampa Bay Rays , a franchise , who only in recent years has found a modicum of success has been profitable , due to the erstwhile financial expediency shown by GM Andrew Friedman . That might be the “biggest crock of shit “ within the Tampa Bay area , other than the continued stupidity being showed by the local politicians within the locale. The only reason the Tampa Bay Rays have been financially sound , has nothing at all to do with the accounting acumen of Friedman , because it has more to do with the fact that the franchise like several others , are the recipients of monies , made available to them by way of the league’s tax sharing revenue scheme . In the last seven years alone , the Rays as a ball-club has benefited to the tune of some $146 million . Given the menial profits attained by the franchise , a $20 million off-balance sheet boost can make that final earnings’ mark quite alluring to any fan merely glancing over a pro-forma spread-sheet detailing the Rays’ finances .

Yesterday, another stalwart of the Rays’ franchise in recent years allowed to leave with first baseman , and former Gold Glove winner , Carlos Pena , who signed a one year deal to become the newly designated hitter (DH) for the Houston Astros in 2013 . Pena and his new team will be part of the new league realignment, that sees the Astros making the move from the NL Central to the AL West . Pardon me for saying this , but given Astros’ woes in 2012, I am not so sure that their league mandated move will truly be of benefit for the franchise . Once there , they will have to face off against Los Angeles Angels , Oakland A’s , Seattle Mariners and Texas Rangers . And given the resurgence of the A’s and the likelihood that we will continue to see improvement in the play of the Angels and Rangers , there has to be a team within the division, that will end up being the “ whipping post” and “ bitch “ that everyone else gets to “ ravage” . So why not the moribund Astros ?

Astros’ owner , Jim Crane , with the then record amount of $775 million paid to purchase the franchise . He has to know, that he faces an uphill battle in getting this team in a competitive state to take on the likes of the aforementioned teams within the AL West , Manager , Bo Porter and his managerial staff will most certainly make the most of the off-season preparation schedule of Spring Training to get players ready as they embark upon their first season in the AL , in 2013. The Astros first regular season series of will begin a three-game set against the Texas Rangers at Minute Maid Park , in Houston , Texas , starting on 2nd April, 2013.

With a ready-made instate rivalry right off the bat against the Rangers , this should bode well for the Houston Astros , if they feel that they are up to the task. Add in the fact, that Nolan Ryan , current team President and part-owner of the Texas Rangers , was himself , once a player with the Astros , this certainly adds a great deal of intrigue to the panacea of the events that are likely to unfold between these two franchises.

One of the more asinine insinuations being made and which I read in an article written within this forum , given the complete lack of knowledge of the individual , who seemingly only chose put the words on paper , rather than conducting any research whatsoever, This individual , along with the more anally retentive supporters of the Mets’ franchise , tried to suggest that the financially cash-strapped franchise remains a viable and financially solvent concern. Fuck it , when you lose in excess of $40 million , and are projected to lose another $60 million in the subsequent year , you are in no way on a sound financial footing , especially when one of your primary creditors no longer wishes to extend you any further credit facilities . This has been the idiocy , that is being countenanced by so many of the team owners , for which Bud Selig is not prepared to offer the public or the fans an answer. Instead, he chooses to blow smoke up everyone’s ass, as to his own importance , and the fact that baseball has sound business practices .

Funny , I don’t ever once recall , Selig ever delving into the reasons why the Los Angeles Dodgers were taken into bankruptcy proceedings (Chapter 11) when there was clear evidence that the former owner , Frank McCourt had been recklessly running the franchise into the ground , while repeatedly using the team and other assets as collateral for several of his own personal business deals . In the aftermath of the franchise’s multibillion dollar sale , McCourt was able to walk away with an estimated $435 million free and clear , as he was also said to be a creditor of the ball club he took into bankruptcy reorganization. How the fuck can that be allowed to happen ? Wherein an owner, knowingly flout one of the most sanctified rules of the game from an executive standpoint , but yet he escapes unpunished . Meanwhile, a player who violates the league’s substance abuse policy for a second time , faces a 100 game suspension and becomes a “pariah” within the game . Yes, this is the mendacity and goddamn stupidity that Bud Selig lovingly presides over, but yet no one within the game much less the media questions his authority or decision-making .

Having recently signed David Wright to a eight-year $147 million deal , the New York Mets were was unable to retain the services of R A Dickey. To my mind that one move, has pretty much epitomized why the New York Mets remains a fucking mess ! Sandy Alderson, J P Ricciardi and Paul DiPodesta may well have at one time graced the game with their alleged acumen , but they were brought in to right the wrongs wrought under Omar Minaya , while he was the general manager of the New York Mets . Instead , the same old fucking idiocy appears to be continuing within the ball-club, as they capriciously spend money on a player , who does not possess any leadership ability, and is simply looked upon as the “ poor man’s “ Derek Jeter . If ever there was more apt description, to describe David Wright , then those words, best sum up, how he is genuinely viewed within the game . Fans can now prognosticate and pontificate as to what awaits the team for this upcoming season as they begin their Spring Training schedule under Terry Collins and his coaching staff . While that takes place , you can be sure that the team’s primary owners, Saul Katz and Fred Wilpon will continue to wreak havoc within this ball-club , without their being any oversight whatsoever coming from baseball’s hierarchy.

It was the end of an era , as one the best switch hitters ever to play the game simply stepped down , from being a player with the Atlanta Braves . Chipper Jones leaves the game as one of the most celebrated and beloved in Braves’ history , and most definitely a player who was respected by his peers past and present. With his departure, GM , Frank Wren sought to bring in a productive center-fielder , and thought to be someone capable of filling that void was former Rays’ outfielder B J Upton . With Upton’s introduction as the newest member of what is considered to be an already productive lineup within the NL , and it is hoped that the player can simply increase his career numbers while providing the solid defensive prowess he has come to be known for . Upton, will be richly rewarded witha 5 year $75 million contract , making him one of the highest paid players on the Braves’ roster.

One of the deficiencies that blighted the Fredi Gonzalez’s players last season , was the inconsistency of the pitching , and the lack of timely hitting at crucial points during a game. The team will begin their Spring Training Schedule in the month of March with a slew of games that should in fact get these players ready for the upcoming regular season schedule which begins on the 3rd April , with a three game set at home against the Philadelphia Phillies at Fulton County Stadium in Atlanta , Georgia,. A long and arduous 162 game schedule now awaits the teams as they each to succeed the San Francisco Giants as the World Series champions in 2013.

During the course of this off-season , more than $1.4 billion in contract negotiations will have been dealt with by the general managers and with agents such as Scott Boras , Arn Tellem , Casey Close , Dan Lozano , Larry Reynolds and John Courtright . There’s a reason why these individuals have now become the bane of the general managers around the game . To my mind , however, the owners are equally as responsible because they also have a responsibility , as they have a right not to acquiesce to the demands the players seeking these exorbitant salaries . But you would be hard pressed to convince a number of fans and purists alike who is actually in right or wrong as it relates to the “ escalating salaries “ within the game of baseball.. I am sure that Michael Weiner , Executive Director of the MLBPA (Players’ Union) would like to see the status quo remain as it is , with his members , as they see their salaries rise consistently in line with the demands they make of league’s owners and the respective teams . .

Courtesy of the New York Times

Baseball Ties Olympic Reinstatement Bid to Women’s Game

By Jere`Longman of the NY Times

Having whiffed on an attempt to link its Olympic future with women’s softball, baseball is now following another gender-equity route in an attempt to gain reinstatement to the Summer Games of 2016.

Baseball officials have aligned with the relatively seldom-played game of women’s baseball to burnish its chances of gaining re-entry into the Olympics after being dropped from the 2012 Summer Games in London.

It is too early to know whether such a move will prove shrewd or merely desperate by baseball, which was evicted from the Olympics for several reasons, including concerns over the lack of participation by major leaguers and widespread doping.

In October, the International Olympic Committee will award the 2016 Games to Chicago, Tokyo, Madrid or Rio de Janeiro. Two additional sports will be proposed for those Games, to be chosen among baseball, softball, golf, karate, roller sports, rugby and squash.

In February, baseball was given the cold shoulder when it attempted to persuade softball to make a joint bid to regain their Olympic status. At the time, Don Porter, president of the International Softball Federation, said in a statement that softball would keep its bid separate, adding, “We have offered the I.O.C. a doping-free, universal team sport that reflects the values of Olympism all over the world.”

Translated, softball did not want to be aligned with a sport that is awash in drug scandals and offers competitions, like the World Series and the World Baseball Classic, that may be considered more prestigious than the Olympics.

By contrast, the Olympics represented the height of international softball competition for the 1996, 2000, 2004 and 2008 Summer Games before the sport was eliminated, many believe, because of American dominance.

All of the world’s top softball players would be expected to participate in the 2016 Summer Games. Or as Porter said in another recent statement, in a thinly veiled reference to baseball, “The Olympic Games would not be just another competition in an overcrowded schedule for softball.”

Rebuffed by softball, baseball chose to pair its Olympic proposal with women’s baseball, which is rarely played in the United States but, officials say, is played in more than 30 countries by more than 100,000 participants. Still, it is much less visible than softball, which officials said is played in 127 nations by 8.5 million participants.

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Baseball has been caught between a “rock and a hard place “ by way of its endless greed , while not caring to truly look after its on-field product , and how it markets itself not just on the domestic front , but also as a global brand . The game’s situation has further hampered by the intransigence shown by the league hierarchy under Bud Selig . Were it not for his sheer and utter stupidity in caving in to the union , the sport itself would still be part of the Summer Olympics . Selig at the time while trying to portray the image that MLB wanted to remove the illicit use of PED’s within the game , simply acquiesced to the wishes of the MLBPA , in not wanting to fully adhere to the testing protocols of WADA , as followed by the IOC . Now , with their being a joint effort with the International Softball Federation (ISF) to get both sports reinstated by back into the fold, as part of the Summer Games , it will be interesting how both parties will represent their joint case to the International Olympic Committee(IOC). The ISF along with baseball’s international governing body , International Baseball Federation (IBAF) and Bud Selig will seek to present their case at the headquarters of the IOC , in Lausanne , Switzerland . It is not so much that baseball is unpopular as a global sport , which it is not , the real issue has always been Bud Selig’s lack of real authority of the sport he presides over in North America , as the highest ranking executive within the league’s hierarchy . It has been Selig’s penchant for saying great deal while in actuality not doing anything that has in essence made him look a blithering idiot in the eyes of the fans.

What is a precedent here, is the very fact the men’s game of baseball is in fact seeking to ride in on if not piggy-back in, on the coat-tails in the growing popularity of the women’s game of softball , as it seeks reentry back into the Summer Olympics . If that isn’t a first , then what is ? And even though the World Baseball Classic (WBC) has yet to truly take hold internationally , there is a growing belief , if Selig , simply lets the IBAF take the reins , rather than trying to be the dominant partner in the staging of the event , there would indeed be a greater interest in the quadrennial event , which is next due up in 2013 , with the qualifying rounds set to start in December , 2012, but the main tournament not due to begin until March , 2nd ,2013 with the group phase of the tournament . It now makes you wonder what the fuss has been about concerning the WBC , especially light of the fact that the television coverage and viewership of the event in North America , has been sparse indeed. Yet , on the international front , specifically in the Far East Asia , Latin America and the Caribbean , the fans cannot seem to get enough of the event . Which begs the question , is it not time for Bud Selig to immediately step down , rather than retiring in 2014, as he claims , will be his intent ? A fresh influx of new and progressive ideas are needed within the game , rather than , this ” doing it by the numbers approach” of “hits and misses” , by Selig and baseball’s hierarchy. The irony here will be , if Selig does step down , then joining him also , will be , NBA Commissioner , David Stern , who formally announced , that he will step down in his role , a position that he has held within the NBA hierarchy for almost twenty-five years . A term , slightly out doing his MLB counterpart , as the duo have battled all concerns , friends , foes , and their respective unions , repeatedly over the lengths of their service. Selig has not named or intimated, who his successor might be , but we have been made aware that Adam Silver , NBA Deputy Commissioner, will succeed , David Stern. I do believe that Bud Selig , will countenance the promotion from someone already within the hierarchy , with the support of the team owners . If anything , Selig , will simply seek out a like-minded individual to carry on his policies , while his persona will continue to leave an indelible and some might say a “stain ridden mark” upon the ” game “ .

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Picture gallery .

What, if anything , do you hope to see being achieved during the upcoming season within the game of baseball ? Also , are you of the opinion that the sport needs to adopt a “ hard salary cap” that would see the teams getting an equitable share of television and other ancillary revenues ? Do take time to leave a comment as you see fit on this , and anything else you believe relevant to the subject matter.

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Picture and slideshow details below.
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(1) New Los Angeles Dodgers pitcher, Zack Greinke adjusts his cap during a baseball news conference announcing his $147 million, six-year contract, Tuesday, Dec. 11, 2012, in Los Angeles. The Dodgers have seen fit to make several deals this off-season , as GM , Ned Colletti has been given the go-ahead by the front office executives to pursue these transactions . At the commencement of the 2013 regular season , the Dodgers will by far have the biggest payroll in Major League Baseball , far exceeding $200 million. AP Photo/Damian Dovarganes ….

(2) Free-agent outfielder Josh Hamilton, right, and his wife, Katie , talk to the media during a news conference in Anaheim, Calif., Saturday, Dec. 15, 2012. Hamilton, formerly of the Texas Rangers, joins the Los Angeles Angels MLB baseball team after signing a $125 million, five-year contract. The acquisition of Hamilton was prompted by Angles’ owner Arte Moreno not wanting to see the franchise left lagging behind the Dodgers in the free agents’ sweepstakes . Moreno instructed GM Jerry DiPoto do whatever it takes to land the “big league slugger” . AP Photo/Chris Carlson …

(3) FILE – This Sept. 27, 2012 file photo shows New York Mets starting pitcher R.A. Dickey reacting to fans as he celebrates his 20th victory of the season after the Mets 6-5 win against the Pittsburgh Pirates in a baseball game at Citi Field in New York. A person familiar with the deal tells The Associated Press that Dickey and the Blue Jays have agreed on a new contract , clearing the way for the New York Mets to trade the Cy Young winner to Toronto. The person spoke on condition of anonymity Monday, Dec. 17, 2012, because the trade was not yet complete. The 38-year-old knuckle-baller must pass a physical before he joins the Blue Jays. The Mets would get prized catching prospect Travis d’Arnaud as the centerpiece of the multi-player swap . AP Photo/Kathy Willens …

(4) New York Mets third baseman David Wright, center, walks from one interview to the next at baseball’s winter meetings on Wednesday, Dec. 5, 2012, in Nashville, Tenn. Wright and the Mets finalized a $138 million, eight-year contract on Tuesday, the largest deal in the team’s history . AP Photo/Mark Humphrey …

(5) FILE – This Sept. 26, 2012 file photo shows Tampa Bay Rays’ Carlos Pena following through on a two-run home run as Boston Red Sox catcher Jarrod Saltalamacchia watches in the fifth inning of a baseball game at Fenway Park in Boston. The Houston Astros have signed veteran Carlos Pena to be their designated hitter , addressing a key need as they prepare for their first season in the American League. AP Photo/Elise Amendola …

(6) Atlanta Braves newly signed center fielder B.J. Upton , right, and general manager Frank Wren pose with Upton’s jersey during a news conference introducing Upton, Thursday, Nov. 29, 2012, in Atlanta. Upton replaces free agent Michael Bourn in center field and should provide needed power from the right side. AP Photo/John Bazemore ….

(7) National Basketball Association Commissioner David Stern (L) greets Major League Baseball Commissioner Bud Selig before testifying with the heads of the NFL and the NHL to the US House Subcommittee on Commerce, Trade and Consumer Protection about the use of illegal performance-enhancing drugs in professional sports on Capitol Hill February 27, 2008 in Washington, DC. The subcommittee also heard testimony from officials from the US Olympic Committee , National Thoroughbred Racing and the US Anti-Doping Agency . Getty Images / Chip Somodovilla …

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Finally An Act of Rationale By MLB And In Particular Bud Selig Who Shows That He Might Indeed Have A Backbone

Finally An Act of Rationale By MLB And In Particular Bud Selig Who Shows That He Might Indeed Have A Backbone

I’ve read with a great deal of glee where the MLB —- hierarchy has now chosen to intervene and take over the day to day running of the operations of the Los Angeles Dodgers and not a moment too soon ! Given the financial situation of the organization and wherein the league hierarchy under MLB Commissioner Bud Selig has sat idly by as Frank McCourt has brought the organization to the brink of bankruptcy . In the last eighteen months two major ballclubs have been placed within the bankruptcy in order that they may have a stay from their creditors while being able to reorganize themselves . First off were the Chicago Cubs whose previous owner billionaire commercial real estate developer Sam Zell placed the team into bankruptcy protection in order to stave off creditors of the Cubs’ parent company (The Tribune Group) at the time going after the team to make the debt payments due. And while this maneuver worked it did cause and cost the company financially a great deal of bad PR that it could have well done without. But what might be even more gave glaring, it gave further credence as to the fact how dire the financial situation was for a number of teams around Major League Baseball .

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Courtesy of MLB.com

Selig to Appoint a rep to oversee Dodgers

By Ken Gurnick , MLB.com

LOS ANGELES — Major League Baseball has taken over operations of the Los Angeles Dodgers, Commissioner Bud Selig announced Wednesday.

“Pursuant to my authority as Commissioner, I informed Los Angeles Dodgers owner Frank McCourt today that I will appoint a representative to oversee all aspects of the business and the day-to-day operations of the Club,” Selig said in a statement.

“I have taken this action because of my deep concerns regarding the finances and operations of the Dodgers and to protect the best interests of the Club, its great fans and all of Major League Baseball. My office will continue its thorough investigation into the operations and finances of the Dodgers and related entities during the period of Mr. McCourt’s ownership. I will announce the name of my representative in the next several days.

“The Dodgers have been one of the most prestigious franchises in all of sports, and we owe it to their legion of loyal fans to ensure that this club is being operated properly now and will be guided appropriately in the future.”

McCourt issued a brief statement late Wednesday night that read: “Major League Baseball sets strict financial guidelines which all 30 teams must follow. The Dodgers are in compliance with these guidelines. On this basis, it is hard to understand the Commissioner’s action today.”

In an e-mail message sent to Dodgers employees on Wednesday, McCourt said, “In light of the Commissioner’s announcement today, I ask that you please continue to conduct business as usual with our complete dedication to the game and our loyal fans. Each of you has represented this organization with class, and while this is no doubt a challenging time for all of us, I truly appreciate your efforts.”

McCourt, owner and chairman of the Dodgers, bought the club from News Corp. on Jan. 29, 2004, and the club reached the postseason in four of his seven seasons as owner.

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If one of most renowned teams in baseball has to be forced into bankruptcy through the financial mismanagement of its parent company then what must that forebear for other organizations around the league at the time ? Given the Cubs’ history and perceived financial resources as it was believed to be , this was nothing more than a shot across the bow of the teams who faced much starker situations but who’ve yet to make it known to the public. I’ve heard it said that the hierarchy of the league wouldn’t be prepared to contract teams but that it is utter stupidity by anyone who believes that it can’t , or won’t happen. If it is the league’s wish then it will happen especially in the light of the economic uncertainty and the whole financial mismanagement of teams around the league at present. With the Cubs having been reorganized whilst in bankruptcy protection it was bought by Tom Ricketts and his family (founders of online stock trading company TD Ameritrade) for an unprecedented $ 850 million . Paring down costs to an extent while still trying to remain competitive has been of the highest order for the Ricketts as they seek to make the Chicago Cubs relevant again within the league .

The second such team , with which bankruptcy was forced upon them, were the Texas Rangers who at the time were jointly owned by Texas multi millionaires Tom Hicks and Ken Gillette . Their combined worth an estimated $2.5 billion but somehow they couldn’t make this organization a viable going concern , from a financial or competitive standpoint but yet somehow through their idiocy they managed to offer Alex Rodriguez what was at the time the richest contract in professional sports , a ten year $250 million contract . Rodriguez barely lasted three years with the organization although he managed to win AL MVP award with the Rangers . I can only surmise that Scott Boras as A Rod’s agent at the time , proved what most people may well have known , that in the state of Texas not only are the businessmen dumb but they lack real business acumen also ! Once again through financial mismanagement by an ownership group another team was brought to near extinction and each time MLB Commissioner Bud Selig sat idly by . Having been forced into bankruptcy for failing to meet their financial obligations the team was bought by consortium led by Nolan Ryan and former Rangers’ executive Chuck Greenbeg . A much needed change in fortune has taken place for the Rangers both financially and competitively on and off the field of play but it doesn’t change the fact that the game’s hierarchy and team owners have been less than truthful as to their overall financial plight .

It’s becoming increasingly clear for all who care to take notice that the game isn’t as financially sound as Selig makes it out to be , nor are the owners being financially prudent and fiscally responsible. It’s not just about the economics of the game or the fact of the now overall plight of the economy at but all but the lack of financial oversight and sound business practices that is taking place in almost every aspect of the game. The GM’s around the league have become opulent and ostentatious and it would appear that the owners alike choose not to pare down their expenses but if anything in number of cases pass on those costs to fans through higher priced tickets and in the prices that they pay for concessions and memorabilia . Well now that fans in large part are refusing to meet those demands , it is now becoming clear that the owners and in particular the league hierarchy have seen the light . Unfortunately that doesn’t appear to be the case for Frank McCourt and the Los Angeles Dodgers’ front office who’ve amassed a debt now close to $1.3 billion collectively and who this past month borrowed in excess of $30 million from the local Fox tv station affiliate in Los Angeles to meet the team’s budgetary expenses for the month. Need one ask what would have happened had the MLB hierarchy chosen not to intervene and bring some sanity back within that organization ? Because clearly the likes of McCourt , GM Ned Colletti and Tommy LaSorda have lost their frigging minds if they think that they can continue to exist in such a way while trying to play down their financial plight !

And although it has been reported that McCourt will seek legal action in US Federal Court to stop the league from intervening and taking over the day to day running of the Los Angeles Dodgers I think that given his recent lack of success in the courtroom and the the financial maelstrom that he has brought within the organization , I find it hard to believe that any presiding judge hearing hearing this case would in fact choose to side with the plaintiff ! If anything the judge might be more likely to side with the defendant in the case given the severe financial problems that McCourt and his fellow executives have placed the organization in.

Now while all of this plays out as a comedic and public spectacle there are also calls for the O’Malley family to once again assume control of the Los Angeles Dodgers . As the previous owners of the ballclub I certainly don’t think that they would want to re-enter the fray of owning the organization once again, on any level, be it for the long term , or short term merely as a custodian ! If anything this situation is best left in the hands of Selig , the hierarchy under his authority . If anything it’d open up his eyes and that of the owners now knowing as such that they could be on the hook for the organization’s debt and mismanagement . One thing I do know, it’s highly unlikely that the Dodgers’ creditors would be liable to write off the vast majority of that cumulative debt as it presently stands as they too have a fiduciary responsibility to their shareholders and board members . Obviously that’s something that McCourt and his fellow executives didn’t take into account in terms of their own fiduciary responsibilities as it relates to their own consortium of partners in the Dodgers’ ownership. Living big and spending big doesn’t guarantee success if you simply don’t know what the hell you’re doing to begin with !

It’s certainly funny that given the Dodgers’ plight and that of the New York Mets who have their own vast problems from a financial and competitive standpoint but this might be one of the rare times that Bud Selig has chosen to show publicly that he indeed has a backbone ! God knows that this man has cowered his way under pressure and has acted oblivious to many of the problems that he has either created within the game through lax oversight or showing his complete naivete’ ! One only has to look at his handling of the steroid issue and the fact that he was absolutely powerless because he chose to be confrontational not only with the MLBPA but also with the Congress and in particular with two of its most powerful legislative bodies in the House Government & Oversight Reform Committee as Senate Judiciary Committee . You piss off the hand that feeds you in terms of providing you with your sole reason to exist throught antitrust exemption , you often in the end tend to make even more enemies than you actually want or need . Something that not even Selig would now care to openly admit to at this juncture .

Courtesy of The New York Times

Madoff Profits Fueled Mets’ Empire, Lawsuit Says

By Alison Leigh Cowan & Richard Sandomir

A lawsuit brought by the trustee for the victims of Bernard L. Madoff’s multibillion-dollar Ponzi scheme contends that the owners of the Mets used the profits from their years of investing with Mr. Madoff to enhance their personal fortunes, enrich a number of family trusts and financially fuel their array of businesses — all in the face of repeated warnings that Mr. Madoff’s investment firm might have been a fraud.

The lawsuit, unsealed in federal bankruptcy court in Manhattan on Friday, says the owners, Fred Wilpon and Saul Katz , their families and their businesses “made so much easy money from Madoff for so long” that despite the many warnings — from within their own inner circle, and by other investors and financial institutions — they “chose to simply look the other way.”

“There are thousands of victims of Madoff’s massive fraud,” the lawsuit states. “But Saul Katz is not one of them. Neither is Fred Wilpon.”

Since Mr. Madoff’s arrest in December 2008, Mr. Wilpon has portrayed himself as a victim of the fraud, one he conceded was carried out by a man who had been his friend for many years. On Friday, in a personal statement and through their lawyers, Mr. Wilpon and Mr. Katz decried the trustee’s legal assault.

“The trustee’s lawsuit is an outrageous ‘strong arm’ effort to try to force a settlement by threatening to ruin our reputations and businesses, which we have built for over 50 years,” Mr. Wilpon and Mr. Katz said.

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If ever there was a cautionary tale to be learned as to the world of sports and how the excess of greed can turn a once beloved spectacle into a crevasse of bungling ineptitude then Major League Baseball would be it. From the cheating , lying and bungling ineptitude of the owners , players , union and the hierarchy itself and their overall unwillingness to act in a proactive manner whenever there is a real problem within their midst. Instead they each tend to act as if there’s nothing wrong at all , until it’s all too late and by then the damage done tend to be irreparable . And when I say damage done it’s not only to the game in terms of its competitiveness , financial stability but also to its very own image and the fact that the vast majority of the fans can and do no longer trust what the game says it stands for or the very people who are entrusted to oversee and maintain its very existence and livelihood .

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Picture gallery for your perusal .

Do you feel that the intervention now undertaken by Bud Selig and the league hierarchy will ensure the Los Angeles Dodgers’ long term existence and livelihood. Or do you feel that the Dodgers ought to have been left to their own devices and let them sink or swim dependent upon what they chose to do in order to survive ? And do you believe that in the long term contraction within the game will become more likely in light of the financial problems that are now coming to light concerning a number of teams within the game of baseball ? Simply leave a comment as to your thoughts on the matter and as usual thanks for the continued support .

Alan aka tophatal ……………………

https://tophatal.wordpress.com

Picture and slide show details below .

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(1) MLB commissioner Bud Selig (left) watches the 81st MLB All-Star Game at Angel Stadium of Anaheim on July 13, 2010 in Anaheim, California. Getty Images North America / Michael Buckner ……

(2) Los Angeles Dodgers owner Frank McCourt (R) greets Don Newcombe, former Brooklyn Dodgers teammate of Jackie Robinson, before the game with the St. Louis Cardinals as Major League Baseball celebrates Jackie Robinson Day on April 15, 2011 at Dodger Stadium in Los Angeles, California. Getty Images / Stephen Dunn ……..

(3) Cubs GM Jim Hendry (left) is seen here alongside team owner Tom Ricketts at the team’s headquarters at Wrigley Field , Chicago , Illinois , speaking to the convened press . AP Photo / Tom Scott ….

(4) Nolan Ryan team President & lead managing partner of the Texas Rangers is seen here with Chuck Greenberg a former executive with the Texas Rangers . Greenberg a respected sports attorney and agent abruptly left the Rangers’ organization earlier , this year. Dallas Morning News / Michael Ainsworth ……

(5) (L – R) Saul Katz, CEO of the Mets, Fred Wilpon, president of the Mets, GM Sandy Alderson and Jeff Wilpon, chief operating officer of the Mets pose for a photo during Alderson’s introduction as the general manager for the New York Mets on October 29, 2010 at Citi Field in the Flushing neighborhood of the Queens borough of New York City. Getty Images North America / Andrew Burton ……

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MLB Scoreboard 21 st April 2011

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My How Times Fly And Things Change ……………….

My How Times Fly And Things Change ……………….

Was he pushed or did really go of his own free will ? That’s the question that will now be asked as it relates to the upheaval in the front office of the Texas Rangers as managing partner a Chuck Greenberg chose to resign from the organization . One thing is certain Greenberg who along with Nolan Ryan did more instigate the successful purchase of the team beating out billionaire entrepreneur Mark Cuban and Houston businessman Jim Crane with their successful $593 million winning bid for the bankrupt organization. Having done so, the duo would with their partners seek a cash infusion into the Rangers which includes a two decade $3 billion tv deal that sets up the organization and its immediate future.

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Slide show for your perusal .

For the Rangers this past season m was something of an unexpected one filled with highs and lows but nothing more surprising than their AL pennant defeat of the New York Yankees (4-2) only then to succumb to the San Francisco Giants in the World Series with some ease 4-1 . The team then in the offseason would lose Cliff Lee through free agency as he would return to the Philadelphia Phillies .

Courtesy of AP Sports & Yahoo

Rangers CEO Greenberg leaving organization

By Stephen Hawkins , AP Sports Writer

ARLINGTON, Texas (AP)—It didn’t take long for Chuck Greenberg to become a very visible figure for the Texas Rangers, buying the team in a dramatic bankruptcy court showdown and then taking on the role of CEO and managing partner before the team’s first-ever World Series.

On Friday, seven months after his investment group bought the team, the AL champion Rangers abruptly announced that Greenberg was leaving the organization. The move came three weeks before the season opener.

Growing differences between the charismatic CEO, team president Nolan Ryan and board co-chairmen Ray Davis and Bob Simpson had been an ongoing issue out of the public eye.

“In reality, management styles and chemistries sometimes don’t fit together. That was the situation with Chuck and the board and Nolan,” Davis said. “Chuck made a huge contribution and we wish him all the best success in the world in whatever he endeavors to do.”

The ownership group has already bought out Greenberg’s small financial stake in the team. Simpson said Greenberg turned down the opportunity for another position in the group, one “not in the full role that he was enjoying.”

Ryan will add the title of CEO and oversee baseball and business operations, reporting directly to the team’s board of directors. The Hall of Fame pitcher, who finished his 27-season playing career with the Rangers, became their team president in February 2008.

Davis and Simpson, the largest investors in the ownership group, wouldn’t get into specifics about the differences with Greenberg in what was their first formal news conference since taking over the team last year. Neither would Ryan.

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Though the loss of Chuck Greenberg isn’t seen as catastrophic it has to be said that will have taken the baseball world by surprise. GM Jon Daniels has said the loss of Greenberg though felt within the club things will very much go on as before in a positive direction and the success they’re all looking to achieve isn’t a target that is beyond their reach. However, there has to be continuing speculation as to why Chuck Greenberg would make such an abrupt departure from the ball-club. There may well have been some form of internal struggle within the front office as to a power struggle and the shaping of an identity to this team. Nolan and Chuck Greenberg were essentially seen as the faces of the franchise from an image and business standpoint with Ryan’s solid know how , his vast experience within the game and Greenberg’s business acumen and as former attorney with noted law firm Pepper Hamilton LLC and then as a noted sports agent. The two brought a wealth of experience to the team and were it not for them I do believe that the Rangers would now be in the hands of rival bidders at the time Mark Cuban and Jim Crane. And though some have questioned the bidding process overseen by a bankruptcy court judge there was a feeling also that the MLB hierarchy was heavily behind the bid of Ryan and his syndicate partners . As to what this says about the impartiality of the game’s hierarchy in such a process , well as such , it does smack self indulgence if anything ! I can only surmise that MLB Commissioner Bud Selig was extremely happy with the outcome .

The task for the Rangers this season is to rebound from the loss in the World Series to the San Francisco Giants . Players such as Josh Hamilton , C J Wilson , Adrian Beltre and Michael Young along with the rest of this roster that they are capable of mounting a serious challenge within AL West in taking on the likes of Seattle Mariners , Oakland Athletics and the Anaheim Angels . The division itself I’ve never really thought of as being extremely competitive given the fact that the teams other than the Angels have tendered to waver as to their consistency . I do however believe that Ron Washington and his coaching staff will be able to get the best out of his team and be just as competitive as last year. If they’re able to do that then there’s the possibility that the Rangers can also be viewed as a serious challenger within the AL and a contender for the World Series itself .

As to Nolan Ryan with the departure of his once former associate it now gives him greater hands on powers with the regard to executive decisions to be made within the organization. And I’ve no doubt that he’ll work closely together with Jon Daniels as it relates to personnel and coaching matters. His relationship with Ron Washington is said to be a close and fruitful one and one should bear in mind that in the midst of last season when Washington’s future was said to be in doubt after the revelations of his cocaine addiction it was Ryan who steadfastly stood by his beleaguered manager. And the rest as they is history as with regard to rest of that memorable season for the Texas Rangers.

This season within the game promises to be a very entertaining one and I do believe that it might well be one of the best in recent years. I don’t believe that there’s a distinct clear cut favorite albeit that the Phillies with that intimidating starting rotation led by Cliff Lee , Roy Halladay and Roy Oswalt will prove hard to beat . But as we saw with last year’s postseason you don’t need the mighty swing of an axe to chop down a a really large oak tree as you merely have to chip away at it before it suddenly falls . The proof was simply there for all to witness as the San Francisco Giants knocked down the Phillies’ tree in NL pennant title game . Could it happen again ? I don’t see any reason why not given the right set of circumstances but I’d dare say that Phillies’ manager Charlie Manuel isn’t about to let his ; team forget that experience and they’ll no doubt be prepared than they were last year should the same scenario rise once again.

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Picture gallery for your perusal.

What thoughts if any do you have on the abrupt departure of Chuck Greenberg from the Texas Rangers ? Do you believe that he went of his own volition or that he may well have been forced out by forces beyond his control ? Simply chime in with your thoughts on this and any other matter as it relates to the upcoming season within baseball .

Picture and slide show details below.

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(1) Yorvit Torrealba(8) of the Texas Rangers high fives manager Ron Washington after scoring against the Cincinnati Reds during the second inning of the spring training game at Surprise Stadium on March 11, 2011 in Surprise, Arizona. Photo by Christian Petersen/Getty Images …………..

(2) Josh Hamilton (32) of the Texas Rangers sits in the dugout during the spring training game against the Cincinnati Reds at Surprise Stadium on March 11, 2011 in Surprise, Arizona. (Photo by Christian Petersen/Getty Images ……

(3) Joey Votto (19) of the Cincinnati Reds hits a double during the third inning of the spring training game against the Texas Rangers at Surprise Stadium on March 11, 2011 in Surprise, Arizona. Photo by Christian Petersen/Getty Images ………

(4) Texas Rangers part-owner and new CEO Nolan Ryan arrives for a news conference in Arlington, Texas, Friday, March 11, 2011. Ryan has replaced Chuck Greenberg as team CEO. AP Photo/LM Otero ……….

(5) Managing Partner & CEO Chuck Greenberg of the Texas Rangers looks speaks with the media during batting practice against the New York Yankees in Game Five of the ALCS during the 2010 MLB Playoffs at Yankee Stadium on October 20, 2010 in the Bronx borough of New York City. According to reports on March 11, 2011, Greenberg will be leaving the Rangers organization as their CEO and managing general partner, with Nolan Ryan expected to become the new CEO. Photo by Jim McIsaac/Getty Images …..

(6) Chuck Greenberg (left) is seen here with GM Jon Daniels (center) and Nolan Ryan celebrating after the Texas Rangers defeat of the New York Yankees to win the ALCS pennant in 2010 . The team would go on to lose the World Series to the San Francisco Giants . Sue Walters /AP/ Reuters ……..


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Alan aka tophatal

MLB News

Texas Rangers profile

Texas Rangers history

Texas Rangers news

Texas Rangers’ front office

Rangers’ coaching staff

Texas Rangers active roster

Rangers’ 40 man roster & …….. depth chart

Team injury updates

Team transactions

Minor League Affiliates

Rangers’ schedule Spring Training ———— Regular Season 2011

Spring Training Standings AL ——- Cactus League

Team Statistics

Teams Statistics 2010

Rangers Ballpark Arlington , Texas

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Jeny Romero

Selena Silk

Selena Silk

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2 Pac …… feat’g …….. Jodeci ………”How Do You Want It ”

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Saving Face ………………. Or How Not To Win Friends And Influence People

Saving Face ………………. Or How Not To Win Friends And Influence People

I don’t know whether to laugh or cry considering the ludicrous events that’ve taken place over the past twenty four hours . First the bombshell within college football has Florida’s __ Urban Meyer announcing his stepping down as coach of the Gators’ football team albeit that he’ll still coach the team in their Outback Bowl meeting against Joe Paterno’s __ Penn State football team . While I find this something of a shock I can also see the comical side of this all given the ongoing criticism that has taken shape within the local press here in the Central Florida area. What might be even more impalpable is the way with which Meyer chose to make this announcement and the circumstances brought up to validate his choice.

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Slide show for your perusal .

Urban Meyer had once before resigned from his post citing the fact that he’d undergone health issues, now he states that because of his familial issues in being away from his children for days on end he feels that he now owes it to them and that he needs to be at their side. Am I missing something here because there are a number of college coaches around the game of college football that are in a similar position being that they are also parents ? So what is it here that Meyer is now trying to have us believe at this moment in time ? A 7-5 season for the Gators wherein they fell short not only in their national title aspirations but also within the SEC (Southeastern Conference) where the Auburn Tigers led by their Heisman Trophy candidate quarterback Cam Newton would prevail over Steve Spurrier’s ___ South Carolina Gamecocks in the SEC title game (56-17). Given that Newton was also once a member of the Gators’ football team before unceremoniously having to leave the campus over irregularities concerning a stolen laptop computer as well as allegations of cheating on a number of tests. What we now have within the local press are a number of journalists questioning Meyer’s choices as it regards game time decisions and his personnel. John Brantley , Tim Tebow’s successor has had something of an inconsistent season and although the coaching staff has used number schemes that didn’t prove effective it simply showed the frailties and weaknesses of this team and the play in particular of the Gators this season. So much for the pundits who lauded Meyer for having a top notch recruiting class this season as it now seems to have been to no avail.

Now while Meyer has stepped down the talk of his successor is now rife as to who many believe should be the next coach of the Florida Gators. Amongs those being named are Jon Gruden , Bobby Petrino , Bob Stoops , Jim Harbaugh , Chris Petersen and Dan Mullen to name but a few . Gruden and Stoops to my mind won’t be particularly interested in the position given the fact that both are well compensated in their present jobs . Gruden is on air analyst with ESPN/ABC while Stoops has one of the most lucrative contracts in all of college football along with very lucrative endorsement deals with several high profiled businesses within state of Oklahoma . Somehow I for one don’t believe that the Gators can match that sort of financial wherewithal ! Gruden while in the service of ABC/ESPN is still being paid the remainder of his contract after his abrupt firing by the Tampa Bay Buccaneers and if anything the former NFL coach probably covets any one of a number of vacancies that will arise once the season is over . So any talk of Gruden being interested coaching a college program seems to be out of the question and is simply just talk . As to who will ultimately succeed Meyer will rest in the interview process and the decision made by AD Jeremy Foley .

It’s funny but when I heard that the Washington Nationals had signed Jayson Werth to a lucrative seven year $126 million contract I thought that it was a mistake but then I realized who Werth’s agent happened to be and it was none other than uber-agent Scott Boras agent to the stars. This sports agent has been the main provocateur within the game that has seen salaries now escalate to unheard of heights. Need I remind you that he has been influential in making Alex Rodriguez the highest paid player in the game and will have amassed in excess of $500 million in earnings from the game as a salaried player without taking into account off field endorsements. As this idiocy now prevails within the game no one from the game’s hierarchy much less the MLBPA , __ general managers or team owners seem to question the direction that the game is taking in terms of its financial viability. I understand that the Nationals and in particular the team’s GM Mike Rizzo wants to make a big splash but given the fact that Nationals have struggled to be competitive over the past few seasons, I see nothing really changing in spite of the signing of Werth and the promise of Stephen Strasburg . And less we forget that the organization is also counting on former high school phenom Bryce Harper to provide an impact for the team and at the same lure the fans to the Nationals’ Ballpark in Washington, DC.

Fans around the game have to be perplexed by what they’re now seeing as teams now seek to make their best attempt to be viewed as viable contenders. Am I mistaken here but the usual suspects will always be around no matter how many of these teams look to be part of what’s turning out not to be a level playing field at all. Now as the Winter Meetings have ended amongst the team owners and general managers the most prized free agent still remains on the open market and two teams are left standing to battle it out with the prize being the signature and services of Cliff Lee are the New York Yankees and Texas Rangers . And while Lee remains coveted the Rangers and in particular team President Nolan Ryan and GM Jon Daniels . And the team has offered the pitcher a six year contract that’s estimated to in the region of $120 million , it’s said that the Yankees are prepared to offer Lee a seven year contract paying between $130 to $145 million , with the seventh year being an option year for the player and team.

One tries to assimilate this and make some sense of it all but I for one no longer find it a complexity at all. It merely now boils down to the avarice of the owners , players and the game’s hierarchy itself. No one seems to question the fact that the teams are now spending money like it’s going out of fashion but then again given the mendacity with which the government has chosen to run up the federal deficit and national debt should we be at all surprised to see the idiocy now taking place within the game of baseball ? I know at the end of the day the decision to be made by Lee will be his alone but at the same time even if his wife still has her doubts over the behavior of the New York Yankees’ fans and the profanity laced taunts she faced while attending the ALCS games at Yankees’ Stadium . It goes without saying that the player may well err on the side of wanting the money over remaining in Texas with the team where his postseason performances prior to the World Series were very exhilarating .

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Picture gallery for your perusal

The future of the Gators may well be bright but we won’t actually know that until a new coach is hired by the AD and the identity that he wishes to bring to the team. As to how the Gators’ fans may well now view this all remains to be seen but as of now the well wishers are there for Meyer and for what he’s achieved for the program . But there also the detractors who no doubt feel somewhat betrayed by his actions . Make of it what you will . As to what’s now transpiring this off-season within the game of baseball let’s just say that even with Carl Crawford’s signing by the Boston Red Sox and their seven year offer of $140 million this won’t be the last time that we’ll see these type of maneuvers take place within the game. This off season Scott Boras made sure that the game of baseball remains where it is right in the doldrums and the fans of the game have remained bewildered by what has taken place . That my friends is how one saves face while not wanting to win friends and influence people !

What thoughts if any do you have concerning the Urban Meyer stepping down as coach of the Gators’ football team and your own thinking as to the Washington Nationals signing of Jayson Werth ? By all means simply leave a comment on this topic and as always thanks for the continued support.

😛

Alan aka tophatal ……………… 🙂 ___ 😦 __ 😛

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Tiara

Eye candy …. Tiara

What’s The Difference Between An Ambulance Chaser , A Congressman , And The Vast Majority Of Owners In Major League Baseball ? Answer …. There Isn’t One As They’re All After Your Money !

Over the past few months, I’ve been watching the developments of the ongoing deal by Texas Rangers’ owner, Tom Hicks’ attempts to sell the team to any interested party willing to pay his over inflated asking price for the organization.

Tom Hicks (right)  is seen here   with  Dallas  Cowboys' owner,  Jerry  Jones.   The  two  were  in  an  attendance  of  a Texas Rangers'  ball  game.   picture  appears   courtesy  of  Associated  Press/ Matt  Greenwald ....................
Tom Hicks (right) is seen here with Dallas Cowboys' owner, Jerry Jones. The two were in an attendance of a Texas Rangers' ball game. picture appears courtesy of Associated Press/ Matt Greenwald ....................

Hicks, as the owner of Hicks Sports Group, is also the owner of the NHL’s Dallas Stars as well as the English Premiership soccer club, Liverpool. And through his investment vehicle , he oversees this vast array of sporting interests,as well as his other varied business holdings and investments.

Tom Hicks by all accounts we’re led to believe is a very shrewd businessman who’s well respected by his peers. But in this day and age that’s not really saying a great deal . Especially in light of the shenanigans of businessmen , such as, Bernie Madoff and Allen Stanford. The two men in question have been accused of defrauding their clients in excess of $59 billion , in monies that is unlikely to be fully recovered on behalf of their original investors. Stanford at present awaits trial in Federal Court,for grand larceny, wire fraud ,tax evasion and the running of a Ponzi scheme. Madoff , having been found guilty , was sentenced to 125 years in a federal prison by the US Federal Court System in Manhattan,New York City, New York.

Courtesy of Associated Press and Yahoo Sports

Greenberg-Ryan group Rangers finalist

By Stephen Hawkins , AP Sports Writer

Arlington, Texas (AP)—Texas Rangers owner Tom Hicks will enter into an exclusive negotiation for the sale of the team to a group headed by Pittsburgh sports attorney Chuck Greenberg that includes team president Nolan Ryan.

Hicks Sports Group said in a release Tuesday night that Greenberg’s group “primarily consists of Dallas-Fort Worth investors,” including the family of Hicks, who would maintain a stake in the team under the proposal. Ryan would remain president of the team.

Greenberg’s group and Hicks will work over the next 30 days to complete the transaction. It then will be forwarded to the commissioner’s office and require approval by 75 percent or more of all owners.

“Our family has chosen to negotiate with the group we believe will be best to protect and ensure the long-term positive future of this franchise,” Hicks said in the release. “Nolan Ryan is the personification of the word trust; he and Chuck worked diligently and relentlessly to get to this point.”

The sale is expected to be for more than $500 million, but Greenberg and Hicks declined to discuss the specifics of the proposal.

“The deal isn’t done yet, but I am confident we can complete this soon and have the Rangers well-positioned for the future,” Greenberg said. “We are committed to stability, continuing to work the baseball plan that’s in place, and doing whatever is necessary to build upon the team’s tradition and bring home a World Series championship.”

Greenberg’s proposal was chosen over bids submitted by former agent Dennis Gilbert and Houston businessman Jim Crane, who just last week submitted a new one after Greenberg and Gilbert had emerged as finalists.

Forbes earlier this year valued the Rangers at $405 million, 15th among the 30 major league teams. Hicks bought the team for $250 million in 1998, from a group that included former President George W. Bush.

The San Diego Padres were sold for just over $500 million this year and the Cubs were bought in October for $845 million in a deal that also included Wrigley Field and 25 percent of Comcast Sportsnet.

Baseball commissioner Bud Selig had called Tuesday a “hard and fast deadline” for Hicks to submit a prospective buyer for the team.

Hicks Sports Group this year defaulted on $525 million in loans tied to the Rangers and the NHL’s Dallas Stars, which Hicks has owned since 1996. Hicks has said that was a deliberate move to force lenders to renegotiate terms of the deals.

The group of 40 lenders holding debt from Hicks Sports Group will have to approve the sale of the Rangers
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With the never-ending tales of economic woes that continues to cast its blight across the sports panacea. Baseball it seems has been affected more than most. But then again the same tales of woe that now continue to spread across the nation has also affected the arenas of NASCAR, the NBA , NHL, MLS and golf’s PGA Tour , as well as the LPGA Tour. And with the ongoing Tiger Woods’ saga seemingly taking one unsavory turn, from one moment to the next. It has to be said that the world’s number one golfer and the PGA Tour are in for some very rough and difficult times ahead, without the abrupt departure of Woods’ self imposed exile from the circuit for the foreseeable future.

In happier times Liverpool fans held Hick in high esteem. Not so , now . As he’s burdened the club with a great deal of debt and the competitiveness of the team just isn’t what it use to be . Add in the fact , that the club’s manager, Rafael Benitez’s relationship with Hicks is said to be strained. And the mere fact that Benitez has been told that there’s no money to pursue the purchase of new players. Well , in the end you’ve got nothing but turmoil within the organization.

While baseball has recently ended its winter meetings, wherein the general managers and teams get together, to discuss the state of the game and make the usual customary deals. Free agents , impending free agents and a number of players are either traded , signed or re-signed by the teams. The deals range in value from the outlandish to the minimal. But yet the general managers and in particular the game’s commissioner, Bud Selig and its President of Operations , Bob DuPuy continually fail to address one of the main underlying issues concerning the game. And that is the finances of the clubs within MLB. At the drop of a hat, Bud Selig will continue to tell you that the game’s revenues have increased.
Albeit, that attendances for major league games are slightly down. But in large part the increases come from inflationary elements and the very fact that a number of teams around the league have raised prices , whereas others have decreased some of their ticket prices but increased concession prices , parking and other such sundries. It’s all smoking mirrors.

Hicks speaks of his own aspirations with regard to the soccer club. But yet we’re led to believe that Hicks had a plan in place ?

The maneuvers by Hicks and that of his company in deliberately defaulting on a loan with the Dallas Stars as an entity. While not on the face of it illegal, it does smack of a man who is less than genuine in his business dealings. It gives credence to the fact that in not getting his own way he was quite prepared to place in the franchise and its existence in some jeopardy . The very fact that all three of his major sporting investments are now in a state financial woe. It goes to the question as to the business practices of Hicks and his ownership group.

The Texas Rangers are in financial turmoil, as too are the Dallas Stars. And Hicks’ involvement in the Premiership soccer club based in England , has left the fans there baying for Hicks’ blood and that of his business partner, George Gillett. Having bought the club for $400 million , the club has seemingly had some success but at the same time he’s made the club look a complete mess in its operations. And in terms of success on the field , it has been something of anathema.

Charles   Greenberg,  noted   attorney  and  partner  with  law   firm   Pepper  Hamilton  LLC
Charles Greenberg, noted attorney and partner with law firm Pepper Hamilton LLC. picture appears via Pepper Hamilton , LLC.,

Baseball in all of its various shapes and forms has become a sport about the haves and have nots. Time and time again, I’ve either read or heard people say that the status quo as it now stands is good for the game. But how can that be ? When the minnows of the sport continuously see their best players leave for pastures green and the likes of owners such as Hicks , who with their vast wealth seemingly do nothing in terms of trying to make their teams competitive. It’s not redundant to ask Bud Selig the question …..’what has the tax sharing revenue scheme solved at the end of the day ‘? It’s not as if the smaller teams and their owners have in large part used the money to the benefit of their organizations. More often than not , the money ends up going into the pockets of the owners and their various partners.

Courtesy of Wall St Journal


Creditors Find Hicks Sports Group in Default

By Matthew Futterman, Wall St Journal

Creditors to Texas financier Tom Hicks’s Hicks Sports Group have declared the company in default, a measure that could eventually dislodge the Texas Rangers baseball club and Dallas Stars hockey franchise from his control.

The default notice is the strongest sign yet of the economic perils awaiting the country’s professional sports leagues, where owners have spent lavishly on player salaries. Many owners’ personal fortunes are also on the wane, creating uncomfortable standoffs between the owners and lenders.

In Mr. Hicks’s case, a group of 40 financial institutions and other investors hold $525 million in debt. Galatioto Sports Partners, a New York sports-financing group, holds the largest position, having lent nearly $100 million to Hicks Sports Group.

Mr. Hicks missed a $10 million quarterly interest payment on March 31, triggering the default notice. The teams are unable to fund both their operating expenses and debt service, and Mr. Hicks has declined to continue making up the difference out of his own pocket, according to a person familiar with the matter.
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Baseball for all of its inherent legacies and history, is still very much an archaic sport in terms of its business practices. It states that before a prospective owner is allowed to purchase a team, they have to be on a sound financial footing and that the purchase of a club has to be approved by at 75% of its members. However , what we know to be true, is that the game’s hierarchy rarely conducts an audit as to the financial well being of its teams. How else can one explain them allowing former Chicago Cubs’ owner, Sam Zell, place the team into bankruptcy proceedings, merely to stave of the advances of creditors who were owed money by the Cubs’ former parent company , The Tribune Group ?

Nolan Ryan, President of the Texas Rangers, speaks about his philosophies on the sport of baseball and in particular the art of pitching. Ryan, alongside Charles Greenberg have formed a business syndicate looking make a successful bid in purchasing the team from much beleaguered owner, Tom Hicks and his, Hicks Sports Group.

Now with Hicks in an acrimonious tussle with several creditors with regard to the Dallas Stars and at the same time he’s looking to sell the Texas Rangers to a group made up of noted Pittsburgh attorney , Charles ‘Chuck’ Greenberg and former Texas Rangers’ great, Nolan Ryan. The sooner Hicks is out of the sports franchise ownership business. Then the better off the sport of baseball and hockey is liable to be ! One would hope also that at some point in the future there’s an interested party looking to pursue the purchase of the soccer club ? If only to allay the fears of the fans that the team won’t be driven into the ground by Hicks and placed on the brink of either extinction or bankruptcy.

As to the travails of baseball, while it remains in the hands of Bud Selig. Just expect the same sort of asinine attitude and statements to be put forth by him and the members of the game’s hierarchy. It’s not as if they’d ever have been viewed as being the brightest set of individuals that one would ever be likely to come across, just the greediest , that’s all !

NB: Below is a poll by all mean do take time if you’ve got it , to participate by choosing an answer that best reflects your thoughts on the subject matter. Thanks in advance for your cooperation !