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10-29-2012, 07:11 PM
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Originally Posted by Fugu View Post
Not only do they have profit, but it would be interesting to see the franchise value trend. These franchises are money-making machines, returning annually at a handsome rate, and if the owner ever decides to cash out, he has a huge gain to boot.
I have heard your arguments, but I do have food for thought. Is it possible that the lux tax system in baseball works in part because of the collective cost consciousness of owners? Fehr did catch them out on collusion which leads me to believe that they could possibly have the greatest homogeneity in consciousness to the point of violating their own agreement. I have had inklings that this collective consciousness is different between the big 4. It could be the difference between old school financial thought (slow, responsible growth) and new school (new, high risk ventures, pay out with no guarantees). Essentially a difference on the scale of risk aversion.

Feel free anyone.

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