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The Lakewood Times

How Profitable Are The Blue Claws?

1/4/2013

7 Comments

 
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It seems that the Blue Claws are attempting to renegotiate their contract to keep the sweetheart deal of paying only 25 thousand dollars a year to continue renting a 24 million dollar stadium that they didn't contribute towards the cost of construction, and we spend millions a year to maintain. 

In this article from Forbes magazine it mentions how much the owners of the Blue Claws make off of the obvious corrupt deal they were able to get with the help of our Senator Singer and his cronies on our Committee. 
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While even the top MiLB teams are worth a fraction of the $605 

million that the typical MLB team is worth, minor league teams have often delivered spectacular returns because of the minimal investment required to buy one. Someone that paid $22 million for a team earning $4 million is roughly getting an 18% pretax return on capital. Another example of the great return on investment is the owners’ ability to sell teams for much more than the original purchase price. Craig Stein and Joe Finley bought the Ottawa Lynx in 2006 for an estimated $14 million. They relocated the team to Allentown, where it became the Lehigh Valley IronPigs, and it is now worth $26 million, tied for the second-most valuable team in minor league baseball.

Joe Finely, co-owner of the IronPigs, also has individual ownership stakes in the Lakewood Blue Claws and Trenton Thunder, two teams that ranked among the top 30 in attendance last season. The multi-team investment approach to minor league ownership best highlights just how valuable minor league teams can be to business-savvy owners.
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Just to put it into perspective. It costs a typical store of about 1500 square feet more to rent than the Claws pay to rent an entire stadium including the parking lot, concession stands, and gift shop. 
And we fix the toilets.
7 Comments
Mrs.Singer
1/6/2013 09:25:00 am

Can we honor Bob by naming the toilets after him?

Reply
The Feds
1/6/2013 10:06:28 am

Not even the urinals.

Reply
VAAD
1/6/2013 10:46:22 am

Lakewood smuggled Cedarbridge to BMG as a payoff to shut up abot the Blue Claws.

Reply
mickey morandini
1/6/2013 11:30:22 am

go claws!

Reply
Anon
1/6/2013 12:08:48 pm

Did you notice they removed the word Lakewood, it used to be called Lakewood Blue Claws

Reply
Moshe
1/8/2013 12:24:23 pm

Before the BlueClaws, they actually worked very hard to persuade the NJ Devils hockey team to move here, until there was a MAJOR outcry in town..

Reply
Gianna link
3/26/2021 10:51:26 pm

I enjoyed readding your post

Reply



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