oh, you mean the pastors spreading disease around? Hes a smart businessman. Wish he would just leave as central/west Florida is a top 3 growth market and already a top 12 TV market. Speaking to Marc Topkin of the Tampa Bay Times, Rays principal owner Stuart Sternberg claimed that they Rays have not made money since his group took over in 2005: . This goes back to the old days when Connie Mack said you only have to win enough to gets the fans to the games. Otherwise Im very confused. Our government specializes in supporting China. (https://web.archive.org/web/20130908013405/https://law.marquette.edu/images/sports/nfl22.pdf), Amalie Arena New stadium construction and infrastructure costs were paid by a combination of team money ($53 M) and public money ($86 M). Championships: 3 (2006, over the Dallas Mavericks, 2012, over the Oklahoma City Thunder, 2013, over the San Antonio Spurs.). The pandemic is almost over bruh, dont really understand your point. (https://web.archive.org/web/20120824051451/http://law.marquette.edu/images/sports/nhl22.pdf). I wonder if the estate of Charlotte Rae would have a case if they moved to Charlotte and kept the name. I cant stand Sternberg he drives fans away from the games. And I dont see having an arena that far out of the city as a positive. Him and guys like him are killing the sport. @basquiat From MLBs point of view, it is basically settled. The sixth count, she said, was a different bird.. The same partners also sued Sternberg in May 2021 and accused him of engaging in a long-running scheme to squeeze out the limited partners and seize full control of the franchise, the Tampa Bay Times reported. Look baseball is dying. By destroying a potential market, hes severely limited the possibilities. Waiting for a possible realignment to put them in a division with the Braves and Marlins wont change the financial issues or stadium issues for the Rays. Others have tried to buy the team, or 51% of the team, Stewie refused to sell if he is not in control.. Hines, a global real estate investment, development, and property manager, in partnership with the Tampa Bay Rays has presented a 7 million square feet redevelopment plan for a vibrant, mixed-use . Eh, Montreal was fine until the strike and then around 1997/1998, attendance fell off a cliff. @advplee Yea there are no issues with unwarranted arrests and other infringements on freedom in the US, got it. About the sale: The $1.2 billion sale price was the second-largest sum ever paid for a big league franchise, behind the $2 billion the Guggenheim Partners paid for the Dodgers in March 2012. Head Groundskeeper, Tampa Bay Rays / Director of Operations, Charlotte Sports Park. Enter the details of the person you want to share this article with. Kick governments out of healthcare, give money (if possible) to private enterprises and countries are far better off. I havent been to a game in 25 years. Canada is far behind the U.S. in terms of vaccinations with 4% being fully vaccinated vs. 40% in the U.S. I will take America over Canada any day of the week. Ive asked this half jokingly and thus half seriously. In January 2020, he transferred "the entire baseball club and franchise" to a new company under his sole management, without notifying the other partners, the lawsuit says. Melnyk may have kept the Senators in Ottawa, but thats pretty much the last positive thing he did. Owners: Stuart Sternberg is the principal owner at 48 percent. Ownership of the team transferred to his six children. No major decision is made in MLB without the authorization of the owners. That whole situation probably doesnt get resolved until Peter Angelos dies, the Angelos family sells the team, or both. As youre a Rays fan, I hope youre rewarded better in the coming seasons. section: | slug: rays-minority-owners-file-lawsuit-against-owner-stuart-sternberg | sport: baseball | route: article_single.us | The Nashville market likes this news. Ill assume you mean secede, right? 3. Melnyck saved Ottawa hockey. The partnership owned and operated the Tampa Bay Rays baseball club until January 2020, the lawsuit said. Hell simply pocket the additional cash. I know I would want that stipulation before handing over my share of the money. oh no, the poverty team is having a crisis? Dolphins owner Stephen Ross comes in second at $7 billion. New legislation could help. A new ballpark would probably have solved all that and if they win the 94 World Series (which they probably would have as they were that good) Lebatt Park probably becomes a reality. The Miami Heat are close behind at $2 billion. Offer the team to actual minorities to increase minority ownership, as a sign of reparations and proof that MLB believes Black Lives Matter. Prior owner: Jeffrey Loria, who purchased the team in 2002 for $158.5 million. Its not a disease. Plaintiffs concerns were further justified when they discovered that Sternberg has been secretly negotiating to sell an interest in the franchise and club to a Canadian businessman named Stephan Bronfman and his Montreal Baseball Group, the lawsuit said. Why would I want to give that scumbag my money. Ive been saying this for more than a decade. Since he bought the Rays, he hasnt done much to help the team, the cities, or MLB. Heres a guy who quietly gave everything he had to the org for a decade and came away saying they had no idea what they were doing. An easier path to the playoffs means nothing once youre in the playoffs and that same fairer playing field works for the other teams in the division as well. It also alleges breach of contract, breach of fiduciary duty and constructive fraud and asks for a declaratory judgment against Sternberg and Rays Baseball Club. They were actually near the top in attendance in the early 80s then were middle-ish of the pack until the mid-90s. Now this is definitely controversial and not fully backed by real-world evidence, but its not incompetence nor is it some US is better than Canada BS. If they build a modern stadium in a convenient location they will draw a much larger crowd. Wealthy people suing other wealthy people for the privilege of lobbying municipal leaders into funding their stadiums. It seems much was lost in your translation. Huizenga retained 5 percent ownership. Darkside makes terrible takes from time to time this one is one of many. Its a fraternity that few humans will ever get to experience: owning a professional sports franchise. Let alone he was warned and did it anyway. You are spot on with most of what you said. He is the principal shareholder of the ownership group that owns the Tampa Bay Rays and acts as the team's Managing General Partner since November 2005. I was bummed and Rays probably got better and didnt even bring up Wander. Nevada's rebuilt title designation indicates that a vehicle has had a major component replaced such as: Cowl - (Space between car hood and windshield where wipers are located) Roof. He couldnt make that happen at the time, but the opportunity for the Rays arose and he got in to become the principal owner. US policies pretty much singlehandedly prop up the huge profits in the pharmaceutical industry with our strong patent protection. What is neglected in that rant is the financial props in the US helped develeop and introduce the vaccine quickly in the 1st place, then the US RIGHTLY made 1st it was used in the US 1st and that is where most of the early product went. Required fields are marked *. About the owner: Micky Arison is chairman of Carnival Corporation, the world's largest cruise operator. Court documents show that the minority owners are suing the General and Managing Partner of Tampa Bay Rays Baseball, LTD, Stuart Sternberg, Rays Baseball Club, LLC, and Tampa Bay. Thats your opinion. 12. We can have a state of the art stadium ready when you want to come on up, Rays! Net of stadium revenues used for debt payments. And they both look down at the worst ownership, the NHLs Ottawa Senators . Their suit is the blue-collar let me speak to your manager request. 9. prioritizing public health LOL! STU-pid is one of the worse most greedy owners in mlb. Of course, no sane prospective owner would buy in at this point, with contentious labor negotiations fast approaching, so things are on hold there. He survived this for 50 years. Below is a list of the 23 individuals, partnerships and trusts that own the Tampa Bay Rays, and the ownership group that each one arrived with: Vince Naimoli (1995), Stuart Sternberg. 11. About the owner: Sternberg earned a finance degree from St. Johns University and later worked for Goldman Sachs. Why Europe was such a mess, with its 10 headed snake of writs and entanglement over policies and -0- clue how to get anything done, then threatening to seize every vial produced headed to England, which HAD developed a plan. @Tech haha so true, Vancouver could build a brand new stadium by the time the Rays lease is up. I agree, along with getting an owner that will actually sign stars or at least keep its own players. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. That seems like a massive overreaction lol. Baseball is business first, after that its a hobby. A group of the Tampa Bay Rays minority partners filed suit against principal owner Stuart Sternberg this week, alleging he improperly enriched himself by secretly transferring operational control of the MLB franchise to an entity he controlled. Dude America is pretty screwed up right now. Prior owners: An ownership group consisting of Arisons father, Ted Arison, and two other men, Pro Basketball Hall of Famer Billy Cunningham and sports agent Lewis Schaffel. Just move to MTL play in the dome until the new stadium is built. Local revenues divided by metro population with populations in two-team markets divided in half. The product needs to be improved, but when fans openly accept what analytics is now calling quality production, we have simply settled for mediocrity. Im not talking about another postseason appearance, but by a better and more accessible park, and along with that the hope your best players dont automatically get traded. The Rays majority owner is being insincere and trying to accumulate the best bang for his buck in the shortest of terms? Baltimore Orioles Baltimore Boston Red Sox Boston New York Yankees NY Yankees Tampa Bay Rays Tampa Bay Toronto Blue Jays Toronto. Current value: $2.075 billion (Source: statista.com). Where is Robert Irsay when you need him. Hes enabled them to support his model. Value of team based on current stadium deal (unless new stadium is pending) without deduction for debt. The remaining 5 percent of the team is owned by the family of the late Wayne Huizenga, the former Dolphins owner who sold the other 95 percent of the team to Ross. Net of stadium revenues used for debt payments. Yeah that one guy arrested for having a gathering during lockdown and making a fool of himself really set Canada back. Portion of franchise's value attributable to revenue shared among all teams. Bloomberg has Canada at 45% first shot, U.S. 50%. Joel-I honestly believe Sternberg doesnt care about the Rays as a sports franchise. 1. Five minority owners of the Rays filed a lawsuit against majority owner Stuart Sternberg in the Pinellas County Circuit Court over the weekend (full complaint available here). Championships: None. Subscribe to the St Pete Catalyst Daily Spark newsletter. The suit is seeking . Are we really going to halt the growth of baseball around the world because of a once in a lifetime pandemic? Add your idea below. Sounds on brand to me. The action alleges that Sternberg has worked to squeeze out minority owners and increase his personal ownership stake in the franchise. The Rays and an MLB representative declined to comment on the lawsuit. I dont see any progress on this. Arena way outside downtown Ottawa and he saved them from leaving around 2003. Championships: 2 (Super Bowl VII over Washington Redskins in 1972 and Super Bowl VIII over the Minnesota Vikings in 1973). I still watch games on TV and probably will break down and go to a few this year but I do it in spite. For the third time in just over a year, a group of minority partners in the Tampa Bay Rays have sued principal owner Stuart Sternberg, alleging he "wrongfully and surreptitiously". 3:57 pm ET. Maybe MLB should look at other clubs because of abuse owners have been steadily doing to players, personnel, shareholders, etc. Championships: None. Freedom does NOT mean being free from jags whose hearts desire spreading disease in order to pointlessly virtue signal that their being as selfish as possible is true freedom. Co victories per dollar of payroll cmpares the number of wins per player payroll relative to the rest of the MLB. If not Tampa, then another city. You think he cares? From a value perspective, the three NFL teams rank the highest, with Tampa Bay ($2.28 billion) second and the Jaguars third ($2.075 billion). The Rays have played in two World Series, losing to the Dodgers in 2020 and Phillies in 2008. Owners net worth: While the net worth of Malcolm Glazers six children is not available, Malcom was worth an estimated $4.5 billion at the time of his death in 2014. The plaintiffs accuse Sternberg of acquiring more stakes in the team while also negotiating to sell an interest in the team to Canadian businessman Stephen Bronfman and his Montreal Baseball Group starting in the spring of 2014. governments have proven time after time in every sector to be wasteful and slow, just like with covid. Tampa Bay has a fan base but it is hard for it to grow when you spit on your fans and play in play in a mall. this is a bb site not the x-files if i wanted to hear about arguments about inoculations/politics then i would join a reddit site about said issues. Dont forget the $61 milliion in renovations for Amelie that the county agreed to pay for in 2018. Everyone might win *except* St. Petersburg, who would be left with a large empty circus tent/stadium. Neander et al operate under no financial consequences of their actions; keep Snell, you draw flies; trade Snell, you draw flies. Over the years the group owned and sold franchises such as Dairy Queen and Legg Mason. The best insights from the ultimate insiders, 2023 NYP Holdings, Inc. 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The good old days are gone and only sleepy days lie ahead. Dude they probably know each other. The minority shareholders allege hes instead used his authority to decline to acquire potentially advantageous interests for the partnership as a whole, only to then personally acquire those interests and increase his own stake in the partnership. At least Loria attempted to spend on payroll several times. The lawsuit was filed by five limited partners who own a combined 9.6 percent of the team: Robert Kleinert, Gary Markel, the MacDougald Family Limited Partnership, Stephen M. Waters and a. He has never invested here. Jeter played all 20 years of his Major League career with the New York Yankees, winning five World Series rings. Hopefully the catwalks at Tropicana Field dont interfere with this conflict. Attendance fell off a cliff who purchased the team, the lawsuit a! Worst ownership, as a sports franchise U.S. 50 % the Angelos family sells the team or. 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