Truth & Rumors > MLB
Francona's book takes shots at Sox owners
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08:02 AM ET 01.16 | The marketing machine that is the Red Sox may have compromised the on-field product. [Owners] John Henry and Tom Werner wanted "sexy" players to boost television ratings, according to former manager Terry Francona, and their meddling led to ruinous roster decisions. Those are among the assertions in a new book by Francona. ... According to the book, Henry and Werner commissioned a $100,000 study by outside consultants after the Red Sox finished in third place in 2010. Their mission was to determine how to make the team more appealing to the public. "They told us we didn't have any marketable players," former general manager Theo Epstein is quoted as saying in the book. "We need some sexy guys. Talk about the tail wagging the dog. We'd become too big."
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Comments (302) Add A Comment
Sex--it'll ruin a team every time!
SportsFun
Total Comments (2616)
And the hits keep on coming!
Kenny_Powers
New York , NY
Total Comments (2364)
Where is the ticket line again?
Kenny_Powers
New York , NY
Total Comments (2364)
The Sox and Cubs are in the same boat, winning or losing the fans still come out.
toad
Total Comments (1665)
this is what happens when your owners view the team as a toy or plaything a hobby so to speak.....
Sgt. Schultz
Total Comments (9734)
Owners use teams for capital write offs and increased Assets, they treat the teams as a kid treats there toys, the buy big cars, boats, homes and players, while the value of their franchise increases!
So the bottom line is, even when they lose in the sport, the franchise gains in value! Does that answer question Terry? Now go order some Chichen & Beer for The Club House we'll write it off!!!
Not4Nutten
Total Comments (9894)
The big one is that each player is depreciated each year, like any piece of business equipment, so that he is a bigger write off at the end of a contract than the total value of the original contract. An accountants playground.
50yearfan
Total Comments (11211)
"I know now that you're not a plaything
Not a toy or a puppet on a string..."
4192jc (Don't give…
Total Comments (5759)
"I know now that you're not a plaything
Not a toy or a puppet on a string... "
4192jc (Don't give…
Total Comments (5759)
The spinnies got me today!!!!!!!!!!!!!!!!!
4192jc (Don't give…
Total Comments (5759)
And these tight shorts that show off everything....
4192jc (Don't give…
Total Comments (5759)
That's true for a lot of teams, but there are always exceptions. The Cavs, for example, dropped 26% in franchise value after LeBron left. The Mets dropped 13% 2 years ago after the Wilpon's connections to Madoff were made public.
Amuro Ray
Total Comments (688)
No, they view it as a revenue stream. A cow to be milked.
The Moose
Total Comments (24485)
A player is not a depreciable asset because they're not a piece of property that you own. They are employees that work for you under a legal contract. Their salaries are what you take as deduction on your return, but you can't also claim depreciation on them like you can on a rental property that you own.
Amuro Ray
Total Comments (688)
It also depends on how your businesses are structured.
For instance the Yankees could always overspend for palyers because it did not matter whether they really made or lost money on the team when the success of the Yankees was a driving factor for building the Yes network and othe Yankee businesses.
Although, even Hal Steinbrenner is looking now at maximising profits from the overall Yankee team and Steinbrenner businesses.
In short, Yankee Global Enterprises LLC is really what the Steinbrenner family is most concerned with making money. If one part of the corpration loses money but contributes to other businesses within that corporation making money (Yankee team vis a vis YES Network and vis a vis Legends Hospitality) then the overall profit margin is very acceptable.
Simply put, The Yankee team as a business drives other businesses profits within the Global Enterprises structure.
The Red Sox do the same, only their Corpration is named New England Sports Ventures, LLC.
And while I don't not know about other teams overall busines structures, I would wager a guess that teams like the Cubs, Dodgers, etc... follow the same process.
4192jc (Don't give…
Total Comments (5759)
The business of baseball ...
The Moose
Total Comments (24485)
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The Moose
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The Moose
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