Everybody's Cryin' Poverty When They Don't Know The Meaning of the Word
Reuters reports that Ted Turner is no longer interested in buying back the Braves. His excuse:
"No. I can't afford them. They've gone up in value anyway."
Turner made $7.5 billion on the sale of his broadcasting empire, including the Braves (and Jane Fonda's sequins Braves cap), seven years ago. And he can't afford a measly $424 million? I guess when one loses 7 to 8 billion dollars on the AOL/Time Warner's debacle, one must give up such perks, mustn't one?
Anyway, here is further-albeit anecdotal-proof that baseball clubs are not only solvent but are going way, way up in value. A year ago with labor struggles in the air, the owners cried poverty and the fans and the media bought it. It didn't hurt that the media were largely owned or affiliated by the power-that-be in MLB, of course.