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Thursday, November 03, 2011

ESPN LA: Steve Garvey wants to buy Dodgers

Again?

Garvey said he’s been working to assemble this investment group for over two years. At one point he tried to buy the team directly from embattled Dodgers owner Frank McCourt, but was rebuffed and was later fired from his position with the club following a series of public comments he made about the team and McCourt.

Mike Emeigh Posted: November 03, 2011 at 12:28 AM | 28 comment(s) Login to Bookmark
  Tags: business, dodgers

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   1. AROM Posted: November 03, 2011 at 12:55 AM (#3985420)
How much money could Garvey possibly have?

On BB-ref, his contract with the Padres was 5 years, 6.6 million. In 1978 he made 300,000. Between those years he likely made less than a million per season. Then consider taxes. A divorce settlement (not cheap especially in California). All those kids to pay child support for. Sure, he had the photogenic looks that help him with endorsements. And might have done better with his investments than the typical ex-athlete. But I strongly doubt he's got much to offer an ownership group other than his fame.
   2. zonk Posted: November 03, 2011 at 12:59 AM (#3985422)
"Even after all this time, getting Nazi gold out of Swiss banks remains difficult," said Garvey as he casually gnawed on the head of a mewling kitten, "plus, all those settlements for the children I've molested over the years didn't come cheaply."

Garvey then paused to pat the ass of a passing nun and trip a child using a walker.

"Anyway, I've been calling up all my old pals... Lenny Dyksta, Moamar Quaddafi, Saddam Hussein, Osama Bin Laden, Satan... But they're all either broke or dead. Fortunately, I think my organ harvesting business is about to take off and stealing your grandman's life savings is always lucrative."
   3. AROM Posted: November 03, 2011 at 01:06 AM (#3985425)
Reading the article, it's Garvey and Hershiser. Hershiser made over 37 million in his playing career. The article mentions a group of Dodger greats. Uncertain whether they have a billionaire to come up with most of the money.

I think it would be pretty cool if a group of players investing 20-30 million each was able to pull this off. Might help to look beyond just the greats, and bring in somebody like Darren Dreifort as well.
   4. FancyPantsHandle glistening with foreign substance Posted: November 03, 2011 at 01:13 AM (#3985428)
I would like to take this opportunity, to declare that I would also like to buy the Dodgers.
   5. The elusive Robert Denby Posted: November 03, 2011 at 01:25 AM (#3985441)
He's going to borrow a dollar from every mistress and illegitimate kid. That's gotta get him to what, 600 million?
   6. Dock Ellis on Acid Posted: November 03, 2011 at 01:30 AM (#3985446)
I think it would be pretty cool if a group of players investing 20-30 million each was able to pull this off.

We could see this happening a generation or so from now. I've often wondered wtf this crop of ballplayers are going to do with all of that money when they retire.
   7. Bitter Mouse is a genre addict Posted: November 03, 2011 at 01:42 AM (#3985453)
#2 Made me laugh. Thanks.
   8. Steve Balboni's Personal Trainer Posted: November 03, 2011 at 01:53 AM (#3985463)
In 2027, when John Mabry and Chad Bradford buy the A's, it's going to be awesome.
   9. RoyalsRetro (AG#1F) Posted: November 03, 2011 at 01:58 AM (#3985467)
So do I!
   10. FancyPantsHandle glistening with foreign substance Posted: November 03, 2011 at 02:04 AM (#3985470)
I've often wondered wtf this crop of ballplayers are going to do with all of that money when they retire.


Frickin' sharks with frickin' laser beams attached to their frickin' heads.
   11. Ebessan Posted: November 03, 2011 at 02:18 AM (#3985480)
I've often wondered wtf this crop of ballplayers are going to do with all of that money when they retire.

Free iPads, for everyone!
   12. RoyalsRetro (AG#1F) Posted: November 03, 2011 at 02:31 AM (#3985489)

I've often wondered wtf this crop of ballplayers are going to do with all of that money when they retire.


Invest in Lenny Dykstra's hedge fund.
   13. mex4173 Posted: November 03, 2011 at 03:13 AM (#3985511)

Free iPads, for everyone!


And miniature American flags!
   14. Tripon Posted: November 03, 2011 at 03:14 AM (#3985513)
I rather have a large HDTV. Good thing black friday, is coming soon, 50 inch LED HDTVs for $500 is what I'm hearing.
   15. Select Storage Device -- Baseball Historian Posted: November 03, 2011 at 03:21 AM (#3985516)
I think it would be pretty cool if a group of players investing 20-30 million each was able to pull this off. Might help to look beyond just the greats, and bring in somebody like Darren Dreifort as well.


It sounds cool, but it also sounds disastrous. Yah, you'd have Darren Dreifort's hand in the air when the committee puts forth the call for naysayers in the "Should we give B.J. Ryan 47 million dollars" debate, but for the most part...

I mean, a lot of these guys don't even go to college.

I just put together a greats list from a limited player set; the Phils turned out the best, but I wondered how well-oiled a clubhouse would be with Robin Roberts, Lenny Dykstra, John Kruk, Jim Bunning, Dick Allen, and Tug McGraw. Can't imagine them owning a team.
   16. Dock Ellis on Acid Posted: November 03, 2011 at 05:05 AM (#3985556)
Can't imagine them owning a team.

Dustin Pedroia and Andre Ethier are BFF and they combine for about 80M between what's been earned and what's is guaranteed coming to them (and they went to college!). Obviously who knows how much they would have to put towards a ballclub when their careers are done but I can envision scenarios where ballplayers can put their money together, buy a team and not have it be the worse idea in the world.
   17. phredbird Posted: November 03, 2011 at 05:12 AM (#3985558)
ballplayers are millionaires. owners are billionaires. do the math.

MLB doesn't want ownership groups made up of lots of small investors. there always has to be one guy with extremely deep pockets who can use his influence to do stuff like sell a municipality on taxpayer financed stadium or whatever.

steve garvey doesn't know any billionaires. he might think he does, but there's no way he hobnobs with one well enough that one would take a flyer on owning a team with a disaster like him. his financial woes are well known.
   18. phredbird Posted: November 03, 2011 at 05:13 AM (#3985560)
ballplayers are millionaires. owners are billionaires. do the math.

MLB doesn't want ownership groups made up of lots of small investors. there always has to be one guy with extremely deep pockets who can use his influence to do stuff like sell a municipality on taxpayer financed stadium or whatever.

steve garvey doesn't know any billionaires. he might think he does, but there's no way he hobnobs with one well enough that one would take a flyer on owning a team with a disaster like him. his financial woes are well known.
   19. Joe Kehoskie Posted: November 03, 2011 at 05:57 AM (#3985565)
MLB doesn't want ownership groups made up of lots of small investors.

I agree the big-group idea has no chance of being approved with a team like the Dodgers, especially on the heels of an all-time ownership disaster, but MLB seems increasingly flexible when it comes to ownership groups. Back in May, I thought the pending Astros sale was D.O.A. because of the debt (~ $300M) and huge investor group (reportedly 40-plus people), but neither seem to be impeding the approval process.
   20. Grumbledook Posted: November 03, 2011 at 08:23 AM (#3985577)
How much money could Garvey possibly have?


Unless he's mismanaged his finances, he's obviously rolling in the riches from having been a guest panelist on The Gong Show.
   21. Pasta-diving Jeter (jmac66) Posted: November 03, 2011 at 11:33 AM (#3985592)
he's obviously rolling in the riches from having been a guest panelist on The Gong Show.

Rip Taylor would listen if anybody called
   22. AROM Posted: November 03, 2011 at 12:10 PM (#3985606)
"MLB doesn't want ownership groups made up of lots of small investors. there always has to be one guy with extremely deep pockets who can use his influence to do stuff like sell a municipality on taxpayer financed stadium or whatever."

Who is this for the Rangers? Ryan isn't THAT rich.
   23. AROM Posted: November 03, 2011 at 12:16 PM (#3985608)
http://www.bizofbaseball.com/index.php?option=com_content&view=article&id=4739:complete-makeup-of-the-texas-rangers-ownership-group-revealed&catid=30:mlb-news&Itemid=42

That sort of answers my question.
   24. Joe Kehoskie Posted: November 03, 2011 at 12:17 PM (#3985609)
Bob Simpson and Ray Davis.
   25. SteveM. Posted: November 03, 2011 at 01:57 PM (#3985657)
Bob Simpson and Ray Davis.


I first took this to read Ray Davies and thought how cool would be if the front man of the Kinks owned a team. The 7th inning stretch song could be "Waterloo Sunset."
   26. gef the talking mongoose Posted: November 03, 2011 at 02:06 PM (#3985663)
The first sentence of 15 reads as a really neat response to 14.
   27. jacksone (AKA It's OK...) Posted: November 03, 2011 at 02:42 PM (#3985692)
The first sentence of 15 reads as a really neat response to 14.


I was definitely starting to get confused. Are the LED's cursed?
   28. JJ1986 Posted: November 03, 2011 at 02:48 PM (#3985697)
Can't imagine them owning a team.


Especially since two of them are dead.
   29. Don Geovany Soto (chris h.) Posted: November 03, 2011 at 04:52 PM (#3985820)
I rather have a large HDTV. Good thing black friday, is coming soon, 50 inch LED HDTVs for $500 is what I'm hearing.

Now, does that mean ACTUAL LED TVs, or does that mean LED-backlit LCD TVs?

I'm guessing the latter, which are often mis-advertised as the former.

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