Kyyle23 Posted November 2, 2017 Share Posted November 2, 2017 Employees voted to unionize last week. This week Joe Ricketts decided the business wasn’t making enough money and closed down, going so far as to immediately scrub the sites from the internet https://www.google.com/amp/nypost.com/2017/...-gothamist/amp/ Link to comment Share on other sites More sharing options...
StrangeSox Posted November 2, 2017 Share Posted November 2, 2017 Completely removing the sites with no notice seems ridiculous. Gonna be hard to assemble a portfolio for all the fired employees now. Link to comment Share on other sites More sharing options...
LittleHurt05 Posted November 2, 2017 Share Posted November 2, 2017 That sucks, I enjoyed all the local neighborhood news from parts of the city that aren't really talked about Link to comment Share on other sites More sharing options...
fathom Posted November 2, 2017 Share Posted November 2, 2017 (edited) I do enjoy that journalists are now looking for dirt on Ricketts Edited November 2, 2017 by fathom Link to comment Share on other sites More sharing options...
Harry Chappas Posted November 3, 2017 Share Posted November 3, 2017 That site was incredible for local news. The Ricketts family are terrible people. Link to comment Share on other sites More sharing options...
SoxFan2003 Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (Harry Chappas @ Nov 3, 2017 -> 09:26 AM) That site was incredible for local news. The Ricketts family are terrible people. I know JR has his issues, but everyday I'm glad I don't root for a team owned by the Ricketts Link to comment Share on other sites More sharing options...
pettie4sox Posted November 3, 2017 Share Posted November 3, 2017 is a JR an open Trump supporter though? Link to comment Share on other sites More sharing options...
Kyyle23 Posted November 3, 2017 Author Share Posted November 3, 2017 QUOTE (KagakuOtoko @ Nov 3, 2017 -> 02:03 PM) is a JR an open Trump supporter though? I honestly have no idea who he follows politically. I cant recall him supporting anyone during election season Link to comment Share on other sites More sharing options...
bmags Posted November 3, 2017 Share Posted November 3, 2017 I think we are lucky all that stadium stuff happened 30 years ago. I would be unbelievably bitter if we were swallowing that stuff today. Link to comment Share on other sites More sharing options...
knightni Posted November 3, 2017 Share Posted November 3, 2017 Pete Ricketts is a pretty poor governor of Nebraska. Link to comment Share on other sites More sharing options...
southsider2k5 Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (KagakuOtoko @ Nov 3, 2017 -> 02:03 PM) is a JR an open Trump supporter though? http://www.chicagotribune.com/news/ct-todd...1130-story.html https://www.si.com/mlb/2016/09/21/ricketts-...gn-chicago-cubs Link to comment Share on other sites More sharing options...
Kyyle23 Posted November 3, 2017 Author Share Posted November 3, 2017 Ha, when I saw JR I immediately thought Reinsdorf. Duh, yes Joe Ricketts is a Trump supporter. Started against him then flipped when it became apparent that Trump was getting the nomination Link to comment Share on other sites More sharing options...
pettie4sox Posted November 3, 2017 Share Posted November 3, 2017 (edited) QUOTE (KyYlE23 @ Nov 3, 2017 -> 02:16 PM) Ha, when I saw JR I immediately thought Reinsdorf. Duh, yes Joe Ricketts is a Trump supporter. Started against him then flipped when it became apparent that Trump was getting the nomination I was talking about Reinsdorf. It was super ambiguous, I should have clarified. Edited November 3, 2017 by KagakuOtoko Link to comment Share on other sites More sharing options...
ptatc Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (bmags @ Nov 3, 2017 -> 02:08 PM) I think we are lucky all that stadium stuff happened 30 years ago. I would be unbelievably bitter if we were swallowing that stuff today. Why would you be bitter? He kept the team in town on a team friendly deal. I would have been bitter if he moved the team. I remember listening to the sessions on the radio with many of the legislators singing Na Na Hey Hey Goodbye to the Sox. Link to comment Share on other sites More sharing options...
bmags Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (ptatc @ Nov 3, 2017 -> 02:28 PM) Why would you be bitter? He kept the team in town on a team friendly deal. I would have been bitter if he moved the team. I remember listening to the sessions on the radio with many of the legislators singing Na Na Hey Hey Goodbye to the Sox. Uh, yeah, holding the team hostage in order to get taxpayers to pay for his location and then give him a sweetheart lease isn't an altruistic move. Link to comment Share on other sites More sharing options...
ptatc Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (bmags @ Nov 3, 2017 -> 02:31 PM) Uh, yeah, holding the team hostage in order to get taxpayers to pay for his location and then give him a sweetheart lease isn't an altruistic move. I guess I don't really consider altruism in any business deal. Baseball is a business. He really helped the team with that deal. They needed a new park and if the team was going to stay, this was a good deal. They deal in the long run allows the team to be more competitive. I don't blame him in the least. If you want to blame somebody blame the legislators who gave in. He did his job. Link to comment Share on other sites More sharing options...
bmags Posted November 3, 2017 Share Posted November 3, 2017 Please, baseball is not any other business deal and owning sports franchises aren't an investment. Link to comment Share on other sites More sharing options...
southsider2k5 Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (bmags @ Nov 3, 2017 -> 02:55 PM) Please, baseball is not any other business deal and owning sports franchises aren't an investment. This is absolutely not true. Link to comment Share on other sites More sharing options...
bmags Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (southsider2k5 @ Nov 3, 2017 -> 03:00 PM) This is absolutely not true. Do you think any modern sports owner says "May I really want to buy the Marlins, seems like a great return on investment!" Link to comment Share on other sites More sharing options...
southsider2k5 Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (bmags @ Nov 3, 2017 -> 03:07 PM) Do you think any modern sports owner says "May I really want to buy the Marlins, seems like a great return on investment!" Have you see the valuations of franchises historically? Is is a 45 degree angle continually. I can't think of a better investment. Link to comment Share on other sites More sharing options...
Jenksismyhero Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (bmags @ Nov 3, 2017 -> 03:07 PM) Do you think any modern sports owner says "May I really want to buy the Marlins, seems like a great return on investment!" Yes, yes they would. Sports franchises are a finite commodity. It doesn't matter that they won't make you a lot of money from operations, you get one and you're super rich and you want to impress your friends. And when it comes time to sell, some other rich asshole that wants to impress his friends will pay more than the financials say the team is worth. https://www.statista.com/statistics/194615/...ins-since-2006/ Link to comment Share on other sites More sharing options...
bmags Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (JenksIsMyHero @ Nov 3, 2017 -> 03:19 PM) Yes, yes they would. Sports franchises are a finite commodity. It doesn't matter that they won't make you a lot of money from operations, you get one and you're super rich and you want to impress your friends. And when it comes time to sell, some other rich asshole that wants to impress his friends will pay more than the financials say the team is worth. https://www.statista.com/statistics/194615/...ins-since-2006/ That it is an investment vehicle doesn't mean the motivation for purchase is an investment vehicle. People buy sports teams because owning sports teams is awesome. That it is awesome is by and large why they can sell it for gobs more (since there are finite amounts of teams and competition is exempt). edit: actually your whole point is my point. You don't buy a distribution company to impress your friends. You...do do that with baseball teams. And if it was expected to be a profit making enterprise instead of operate largely where the profits get sunk back in the team then its favorable regulatory deals would evaporate. It's not a comparable business. Link to comment Share on other sites More sharing options...
ptatc Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (bmags @ Nov 3, 2017 -> 02:55 PM) Please, baseball is not any other business deal and owning sports franchises aren't an investment. Never said it was any other business but it is a business. I don't think any sport franchise owner is in it for an altruistic reason. They want to make money and win. the better the business the better the competitiveness. Talk to the players of any given franchise. I doubt they would think the owners are altruistic in their dealings. Link to comment Share on other sites More sharing options...
ptatc Posted November 3, 2017 Share Posted November 3, 2017 QUOTE (bmags @ Nov 3, 2017 -> 03:27 PM) That it is an investment vehicle doesn't mean the motivation for purchase is an investment vehicle. People buy sports teams because owning sports teams is awesome. That it is awesome is by and large why they can sell it for gobs more (since there are finite amounts of teams and competition is exempt). edit: actually your whole point is my point. You don't buy a distribution company to impress your friends. You...do do that with baseball teams. And if it was expected to be a profit making enterprise instead of operate largely where the profits get sunk back in the team then its favorable regulatory deals would evaporate. It's not a comparable business. Comparable to what? It's still a business. They are there to make a profit. Even if the profit gets sunk back into the team to win. Because as a long term investment sport franchises are like printing money. The owners will make money even it's a bad franchise. Link to comment Share on other sites More sharing options...
Texsox Posted November 6, 2017 Share Posted November 6, 2017 Sports franchises operate differently than most other businesses. While they have historically made money for their investors, I agree that the front man in the deal buys them for ego more than the ROI. Which makes sense in light of needing to have amassed a small fortune to be in position to buy one. Link to comment Share on other sites More sharing options...
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