Five MLB Owners With More Money Than Dodgers Owner (And 18 Billionaire Owners)
November 29, 2024
It isn't that your team's owner can't spend on your team–it's that they won't. (Or in the Yankees' case, just spending isn't enough, I guess)
25 comments
My teams owner spent $60 million on property space to not have new neighbors. So yeah, you’re right.
Yall Dodgers fans calm down. Your team is an international brand with major pull.
Hilarious that these posts get downvoted
These debates are pointless as long as people keep acting like owning a baseball team is a hobby rather than a business. It doesn’t matter how much personal wealth someone has, they’re not going to keep pouring money into an investment that isn’t providing a reasonable return.
Isn’t Steve Cohen, NY Mets owner, worth over $20 billion?
iTs tHe dOdGeRs fAuLt … tHeY aRe rUiInNiNg bAsEbAlL
I didn’t realize Bill DeWitt was that high on the list. Now I’m even more pissed.
Just because someone has assets or is “worth” something doesn’t mean they have all that cash to spend. There are a lot of “land rich, cash poor” people out there as an example. People who are technically millionaires because of the land they own but literally can’t afford to eat out at a restaurant because they have no disposable income. Saying every owner *can* have a $300M/year payroll is just completely false.
Orioles fan checking in with we’re about to find out
This makes no sense. The first one, mariners owner John Stanton is worth 1.1 billion, but the mariners are worth 2 billion. How is he not worth like 3 billion then?
So what? The point isn’t for an owner to put his money into the team every year. The point is that the Dodgers take in $600 to $700 million a year. They could have a $400 million dollar payroll and still make more money than roughly 1/2 the teams gross.
There are a bunch of teams that will take in $250 to $300 million. As long as large market teams bring in double what the small market teams take in we will have what we had this year. 3 of the 10 big, to bigger teams in the Championship Series, and because 1 smaller market team out of 20 or so teams got the last spot, it is OK. It isn’t OK.
Yankees suck at spending.
In the case of the Dodgers, Walters is the majority owner, but the ownership group has a few partners.
This article is over a year old, and at least one of the people listed is now dead.
Genuine question here and maybe I’m just stupid… but how can one own a major league team and not be a billionaire? Aren’t all the teams worth at least a billion?
Seeing Dewitt’s smug face on here ruined my night. 3rd on the list and openly said they will be cutting payroll
The problem isn’t just their net worth, many owners also own other businesses and need to invest there too.
In basketball you have the Rockets owner Tilman Fertitta who’s also the owner of a massive restaurant conglomerate on top of his other businesses AND the Rockets.
Steve Cohen erasure
I think this list is underestimating their net worths. Also cohen is not there.
Pretty sure Blue Jays have technically the richest owner, Roger’s Communications. Even just going by the major shareholder of Roger’s, Ed is worth about $12B
Was scrolling down expecting to see Rogers at number 1. Not even in the top 18? This list is wrong.
The dodgers have also been outbid for more FA star players than any other team the last ten years.
Seager and Trea Turner being the biggest contracts Machado as well considering he went from dodgers to padres. Scherzer. I’m sure I’m missing some.
Business owners don’t typically use their own money to run the business. They do it off of revenues, which the Dodgers have the most, largely because of their insane TV deal.
Fuck John Fisher
Exactly! It’s frustrating when the wealthiest owners aren’t willing to invest properly in their teams, especially when they can easily afford it. The argument about revenue is important, but at the same time, these teams are sitting on huge valuations.
25 comments
My teams owner spent $60 million on property space to not have new neighbors. So yeah, you’re right.
Yall Dodgers fans calm down. Your team is an international brand with major pull.
Hilarious that these posts get downvoted
These debates are pointless as long as people keep acting like owning a baseball team is a hobby rather than a business. It doesn’t matter how much personal wealth someone has, they’re not going to keep pouring money into an investment that isn’t providing a reasonable return.
Isn’t Steve Cohen, NY Mets owner, worth over $20 billion?
iTs tHe dOdGeRs fAuLt … tHeY aRe rUiInNiNg bAsEbAlL
I didn’t realize Bill DeWitt was that high on the list. Now I’m even more pissed.
Just because someone has assets or is “worth” something doesn’t mean they have all that cash to spend. There are a lot of “land rich, cash poor” people out there as an example. People who are technically millionaires because of the land they own but literally can’t afford to eat out at a restaurant because they have no disposable income. Saying every owner *can* have a $300M/year payroll is just completely false.
Orioles fan checking in with we’re about to find out
This makes no sense. The first one, mariners owner John Stanton is worth 1.1 billion, but the mariners are worth 2 billion. How is he not worth like 3 billion then?
So what? The point isn’t for an owner to put his money into the team every year. The point is that the Dodgers take in $600 to $700 million a year. They could have a $400 million dollar payroll and still make more money than roughly 1/2 the teams gross.
There are a bunch of teams that will take in $250 to $300 million. As long as large market teams bring in double what the small market teams take in we will have what we had this year. 3 of the 10 big, to bigger teams in the Championship Series, and because 1 smaller market team out of 20 or so teams got the last spot, it is OK. It isn’t OK.
Yankees suck at spending.
In the case of the Dodgers, Walters is the majority owner, but the ownership group has a few partners.
This article is over a year old, and at least one of the people listed is now dead.
Genuine question here and maybe I’m just stupid… but how can one own a major league team and not be a billionaire? Aren’t all the teams worth at least a billion?
Seeing Dewitt’s smug face on here ruined my night. 3rd on the list and openly said they will be cutting payroll
The problem isn’t just their net worth, many owners also own other businesses and need to invest there too.
In basketball you have the Rockets owner Tilman Fertitta who’s also the owner of a massive restaurant conglomerate on top of his other businesses AND the Rockets.
Steve Cohen erasure
I think this list is underestimating their net worths. Also cohen is not there.
Pretty sure Blue Jays have technically the richest owner, Roger’s Communications. Even just going by the major shareholder of Roger’s, Ed is worth about $12B
Was scrolling down expecting to see Rogers at number 1. Not even in the top 18? This list is wrong.
The dodgers have also been outbid for more FA star players than any other team the last ten years.
Seager and Trea Turner being the biggest contracts Machado as well considering he went from dodgers to padres. Scherzer. I’m sure I’m missing some.
Business owners don’t typically use their own money to run the business. They do it off of revenues, which the Dodgers have the most, largely because of their insane TV deal.
Fuck John Fisher
Exactly! It’s frustrating when the wealthiest owners aren’t willing to invest properly in their teams, especially when they can easily afford it. The argument about revenue is important, but at the same time, these teams are sitting on huge valuations.