Monday, April 01, 2013

Jeffrey Loria's Opening Night Surprise

You think you got problems?

How would you like to be in Jeffrey Loria's shoes?

From Sunday's Miami Herald:
The financial mess at Marlins Park: inside the numbers

By Douglas Hanks and Barry Jackson

A new baseball stadium was supposed to fix South Florida’s lukewarm embrace of professional baseball. But the Marlins’ first season in their new ballpark may have made things even worse for the team.

Splurging on payroll last year gave owner Jeffrey Loria a $100 million lineup that he couldn’t afford without a windfall from a winning season. The trades that followed last year’s 93-loss debacle sent payroll down 60 percent to the second-lowest in baseball, leaving fans more furious at the Marlins than at any time in the franchise’s 20 year-history.

And while cutting payroll used to produce profits, the added debt and operating costs of a new $634 million stadium have left team executives predicting another loss on top of last year’s team record $47 million operating loss.
Also in Sunday's Herald was this full page ad with for Marlins Opening Night. Looks like Loria has had enough and plans to go out in a blaze of glory. Why is no one talking about this?

Click here to enlarge.

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