Sources report that Miami Marlins president David Samson has said that there is a $1.6 billion “handshake agreement” for the MLB team. Current owner Jeffrey Loria paid $158 million for the baseball team in 2002. Read more here. Loria gets skewered here and here.
Category Archives: Money & Financials
The decision to refinance some of the bonds to build Southwest University Park, home of the El Paso Chihuahuas (Triple-A, Pacific Coast League), could reportedly save taxpayers nearly $11 million than originally expected back in 2013. Read more here.
City officials and the owners of the former Joplin Blasters (American Association, Independent Professional) have agreed to try to resolve the lawsuit between them over the lost lease revenue for Joe Becker Stadium through mediation. Read more here.
Rick DeStefane, co-owner of the Hannibal Cavemen (Summer Collegiate, Prospect League), hopes a meeting on Tuesday can be the first step toward bringing summer collegiate baseball back to the city in 2018. The city of Hannibal filed a lawsuit last Monday alleging that Clemons Field Management LLC is in breach of its lease agreement. Read more here.
Bellmead (TX) officials are developing a plan to finance $4 million for a proposed baseball stadium for the announced Waco BlueCats (Independent Professional, Southwest League) without raising property taxes or sales tax. If the city opts to put the decision to the voters, the council would need to decide at its February meeting to take that direction to get the matter on the May ballot. Read more here.