Saying they cannot afford to operate in Joplin (MO) without a lease restructuring because of lower than expected paid attendance, the owners of the Joplin Blasters (Indy Pro, American Association) announced they want the Joplin City Council to forgive the $37,500 quarterly lease payment that was not paid on Oct. 1, and to reduce the annual lease in future seasons from $150,000 to $50,000. Read more here. View proposal here. Watch news report here.
Category Archives: Money & Financials
Construction on the new baseball stadium in Hartford (CT) for the Hartford Yard Goats (Double-A, Eastern League) is moving at a fast pace, but cost overruns are forcing modifications, including ditching the planned roof over the right-field grandstand. Read more and watch news report here.
The president of the independent Atlantic League confirmed Tuesday that a membership application fee submitted by Virginia Investment Partnership LLC (VIP) led by Bob Farren has been returned, meaning another group is free to pursue the rights to an expansion franchise with the league in Loudoun County (VA). Meanwhile, VIP and Farren continue to battle legal and financial troubles. Read more here. Thanks to John Cerone for the link.
Six months into the building of a minor league baseball stadium north of downtown for the Hartford Yard Goats (Double-A, Eastern League), the developer already is reining in mushrooming costs to keep within the project’s $56 million budget as it races to meet a spring construction deadline. Read more here.
A liquidation sale of the San Angelo Colts (Indy Pro, United Baseball League) was recently held at Foster Field, pursuant to a court order because the ownership failed to satisfy the requirements of the their Chapter 11 reorganization plan. Former GM Mike Babcock, who left the team in 2012 after his eight-year tenure at the helm, blamed central league ownership for the team’s demise and said, “We were making money, and in our worst years, we broke even.” Read more here.
Rising from the ashes of the failed start-up East Coast Baseball League, the first-year North Country Baseball League managed to finish the 2015 regular season with playoffs starting Wednesday. Watch news report here. As we said, it would take subsidy from Cheeseburger Cheeseburger founder Bruce Zicari for the circuit to survive. Read about the NCBL season saga here. Thanks to John Cerone for the second link.