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Loria Newsbeat

Monday, October 09, 2017

Dade County Wants Its Cut of Marlins Sale

Accountants: sharpen your pencils!

Loria’s 2008 deal with Miami and Miami-Dade included payout provisions if he sold the team within six years of the 2012 opening of a county-owned ballpark built with more than $400 million in public dollars and about $150 million from the team. The deal requires the Marlins to pay the two governments 5 percent of the proceeds of a sale.

Five years and six months later, the bill may be coming due. But with Loria able to deduct both debt and taxes paid on the sale, it’s not known whether he plans on notifying local governments that they’re entitled to any dollars from the transaction.

Bote Man Posted: October 09, 2017 at 09:37 PM | 8 comment(s)
  Beats: jeffrey loria, loria, marlins, miami, money, taxpayers, team sales

Monday, October 02, 2017

Jeffrey Loria Is Sending His Bobbleheads To Cooperstown

Outgoing Marlins owner Jeffrey Loria is taking one of his prized belongings, his collection of 900 bobbleheads, and giving them to the Hall of Fame in Cooperstown. The remaining 300 to 400 bobbleheads that weren’t part of his private collection will continue to be displayed at Marlins Park.

Those bobbleheads are perhaps the best reason to go to Marlins Park.

Bote Man Posted: October 02, 2017 at 04:22 PM | 6 comment(s)
  Beats: bobbleheads, jeffrey loria, loria, marlins, marlins park

Friday, July 21, 2017

Ties to Cuba Enhance and Entangle Jorge Mas’s Marlins Bid

MIAMI — Throughout his life, Jorge Mas Santos has had a passion for Cuba, family, business and sports.

Now, as one of the wealthiest people in Miami and a serious contender to buy the Miami Marlins, Mas may be able to combine his interests in a way that would have an impact on baseball and, perhaps, the larger world of politics.

In Mas — who inherited his family’s business from his father, Jorge Mas Canosa, who died in 1997 — baseball sees a deep-pocketed investor with strong local roots. As a Cuban-American, Mas, 54, would also give Major League Baseball its second owner of Latino background. (Arte Moreno of the Los Angeles Angels is Mexican-American.)

Bote Man Posted: July 21, 2017 at 12:56 PM | 2 comment(s)
  Beats: loria, marlins, team sales

 

 

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