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Wednesday, October 25, 2017

Blue Jays Nation: Why Rogers Could Sell the Blue Jays

Buon Natale?

Why do I bring this all up? Because new Rogers CEO Joe Natale has just passed the six month mark on the job, and apparently there are rumblings that the former Telus honcho — who from the beginning was thought to maybe not be enamored with his new company’s diverse array of divisions — might be getting set to move the company’s focus back to its core assets. Or so says a report this week from Andrew Willis of the Globe’s Report on Business…..

We’re later told that “speculation on Rogers’s plans for the Jays and the Cogeco stake has swirled for years. But the arrival of a new CEO with a reputation for a laser focus on wireless and cable operations and the steady drumbeat for asset sales from the analysts has got the hedge-fund crowd sniffing around.”

Such a sale might impact badly the chances of an expansion team in Montréal. But it’s all just the speculation of Denis Healey’s ‘teenage scribblers’ so far.

fra paolo Posted: October 25, 2017 at 12:01 PM | 0 comment(s)
  Beats: blue jays, expansion, montreal, team sales

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

 

 

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