Tagged: Owners

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On Jerry Reinsdorf and Donald Sterling

When the psychotic ranting of Los Angeles Clippers owner Donald Sterling went public this week, ambulance hospital I think we all felt a little ashamed that such a person a) lived and breathed and b) was somehow richer than everyone everywhere. But the moment that NBA Commissioner Adam Sliver banned Sterling from the league for life, buy viagra our horror and embarrassment turned into collective celebration. Racists be banished! Our faith in society restored!\n\nRejoicing came from sports team owners who are not vomitous cultural anachronisms, including our own Jerry Reinsdorf (and son Michael):\n

We completely support Commissioner Silver’s decision today regarding Clippers owner Donald Sterling … The league’s decision underscores the severity and reprehensible nature of the comments attributed to Donald Sterling … Discrimination and prejudice of any kind have no place in sports or in our society.

\nWho would disagree? But “discrimination and prejudice” take many forms. Bigoted language is one of the obvious manifestations but there are others that are more insidious. Because in the end, racism (like sexism) is about power: or one “race” wielding and maintaining power over another. And this is a project in which Jerry Reinsdorf actively takes part. Continue reading

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Baseball Instant Replay Rant!

White Sox and Cubs pitchers and catchers reported to camp in Arizona this week. Other players will follow soon. It will be warm there. We will be jealous.\n\nAnd we’ll be excited initially because it’s baseball. But later we’ll be aggravated when we realize that almost as bad as no baseball is the prolonged agony of fake baseball.\n\nIn the end, capsule for sale spring training is like six weeks of drunken foreplay: we’re looking forward to where things are leading, sovaldi sale but it’s hard not to pass out during the run-up.\n\nSo let’s talk about something besides things like who is showing up to camp in the best shape of his career.\n\nLike here’s something that happened this offseason that kind of flew under the radar: as part of America’s quest to suck the humanity out of everything, viagra baseball is going to instant replay!\n Continue reading

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Depraved Owner of the Week: Tom Benson

Tonight the Bulls take on the New Orleans Pelicans, viagra buy ampoule or last season’s Hornets by another name.  So let’s take a look at Louisiana taxpayer “investment” in the various enterprises of Pelicans owner Tom Benson, site view or extortion by another name, thumb in this holiday double-length edition of Depraved Owners.\n\nName: Tom Benson\n\nNet Worth: $1.3 billion\n\nTeam: New Orleans Pelicans (formerly Hornets)\n\nForbes Team Valuation: Value $340 million; Revenue $100 million; Operating Income $3.3 million\n\nTenure: Since 2012, when he acquired the Hornets for $338 million.  Good luck with that!\n\nArena: New Orleans Arena (1999)\nOriginal Capital Cost (2010): $160 Million\nOriginal Public Capital Cost (2010): $160 Million (18%)\nSource: Judith Grant Long, Public-Private Partnerships for Major League Sports Facilities (Routledge)\n2013 Renovations: $50 million\nPublic Cost: $50 million\n\nCost of Game for a Family of Four (2012-13): $220.40\n\nOngoing Subsidies:\n\nIt’s difficult to separate Tom Benson the Pelican’s owner from Tom Benson the New Orleans Saints NFL team owner, and why try?  Through his ownership of both teams and property adjacent to the taxpayer-owned New Orleans Arena and Mercedez-Benz Superdome, Benson regularly receives oodles in renovation funding and tax breaks from the government.\n\nHere’s part of the recipe for the subsidy gumbo that Benson has cooking with the state of Louisiana Continue reading

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Depraved Owner of the Week: Donald Sterling

By James Fegan\n\nThe Bulls season is hurtling down into a tunnel of sadness, nurse ailment so pointing out that the opposing team’s owner is a scumbag has become overkill. Yet we’d be remiss if we passed on the chance to write up the man who inspired this series. Ironically, viagra Donald Sterling might be such a notoriously unfeeling leather sack of racism and antipathy that a report on his misdeeds is akin to shooting fish in a refrigerator.\n\nName: Donald Sterling\n\nNet Worth: $1.9 billion\n\nTeam: Los Angeles Clippers\n\nForbes Team Valuation: Value $430 million; Revenue $108 million; Operating Income $9.1 million\n\nTenure: Since 1981, when he acquired the Clippers for $12.5 million. Good for him!\n\nArena: Staples Center (1999)\nTotal Capital Cost (2010): $535 Million\nPublic Capital Cost (2010): $98 Million (18%)\nSource: Judith Grant Long, Public-Private Partnerships for Major League Sports Facilities (Routledge)\n\nCost of Game for a Family of Four (2012-13): $369.40\n\nOngoing Subsidies:\n\nThe Staples Center financing process is actually seen as a relative breath of fresh air in the unfathomably putrid world of super-rich sports franchises holding massively indebted metropolises hostages for funding they don’t need for stadiums that only serve to raise their own revenues. Los Angeles’ obligation was actually reduced from $70.5 million due to concerns about the debt repayment schedule.\n Continue reading

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Depraved Owner of the Week: Dan Gilbert

The Bulls triumphed over the Cavaliers on Monday night; let’s take a look at how Cavs ownership is triumphing over Cleveland taxpayers.\n\nName: Dan Gilbert\n\nNet Worth:  $3.9 billion\n\nTeam: Cleveland Cavaliers\n\nForbes Team Valuation: Value $434 million; Revenue $128 million; Operating Income $18.6 million \n\nTenure: Since 2005\n\nArena: Quicken Loans Arena (1994)\nTotal Capital Cost (2010): $328 Million\nPublic Capital Cost (2010): $285 Million (87%)\nSource: Judith Grant Long, discount viagra medical Public-Private Partnerships for Major League Sports Facilities (Routledge)\n\nCost of Game for a Family of Four (2012-13): $287.60\n\nOngoing Subsidies:\n\nThe naming rights to the taxpayer-built arena were included in the private deal Dan Gilbert cut with former owner Gordon Gund to buy the Cavs, pharm and so the city received no compensation when Gilbert renamed the arena after his online mortgage company, Quicken Loans, in 2005.\n\nSince the facility is technically owned by the public (but the Cavs receive the revenue it generates), Gilbert pays no rent or taxes on the building.  In 2009, a Cleveland journalist estimated the Cavs’ property tax savings to be a little less than $4 million annually, 55% of which would go to schools.  By the way, with Gilbert’s personal net worth of $3.9 billion, he could pay the current annual property tax rate on Quicken Loans Arena for about a thousand years.\n Continue reading