[Yahoo] How the Dodgers Became First MLB Team to Hit $1 Billion in Revenue: LA became the first team in baseball history to generate $1 billion in gross revenue. The only other sports teams in the world to hit that mark are the NFL’s Dallas Cowboys and LaLiga giants Real Madrid and Barcelona.
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Wow, I wonder what the magic formula is.
And it still won’t buy this series
If you pretty much got a whole another country in Japan watching your games, and people from Japan travelling to LA just to watch Shohei Ohtani play, that said MLB team is in for a very bright future alright.
I would bet every single sports fan here knows about the Cowboys, Jerry Jones, and their struggles for the last 30 years. If the NFL didn’t have a salary cap, the Cowboys would be a powerhouse right now, imagine that.
But thankfully, the NFL is decided by which team is the best, not which is the richest. Maybe one day MLB will be decided by which team is best as well.
The Dodgers kicking 150M on their own into revenue sharing is why the owners will want more teams to do this. Cheap owners get to pocket more if rich teams generate huge sums.
Mark Walter prints money. Now he’s head of the Lakers. We’ll see what hapoens.
Doyers fans, while lacking class, are loyal. You know game 5 hurt bad. But it was fun to watch them lose their final home game. Lighten up LA. Just a game
People are going to downplay this with “oh just be in a big market and have Ohtani” but if you can look past your team bias long enough to be objective, you’ll find an ownership group that created a 20+ year plan where they’d invest every dime they made back into the team and stadium with the goal of raising the value of the franchise, and picking Andrew Friedman as the guy to get them there.
We’re in year 13 now. They’ve done nearly flawless business since the beginning and made baseball the primary business. They paid $2 billion for the franchise in 2012 and it’s worth almost $7 billion now.
It’s true that not every team has the market size to do the same revenue numbers the Dodgers do, but this is still a blueprint for how teams can become extremely successful businesses by focusing on winning baseball as the product and franchise value over profits as the business goal
What’s funny, is all teams are benefiting from Ohtani. Japanese advertisers pay big money for ad space in the away stadiums every time the Dodgers come to town. So it’s not only the Dodgers benefiting from the Japanese market’s infatuation with Ohtani.
Well you start with a TV deal that’s been generating around 200 million a year guaranteed since 2013 until 2038.
BFD
Gee, it’s almost like spending money on fielding a competitive team makes people wanna spend money to see them.
Could every team rake in the money the Dodgers do? No. Could every team bring in more money by investing in their teams and fielding competitive products? Yeah.
Honestly, I’d love to see stricter rules in place for owning a baseball team. I’d love to see a salary floor put in place, too.
Baseball should be like Warhammer and other wargames, you buy armies/models(players)to actually play with them against other people’s armies(teams).
Owning a baseball team should be seen as a hobby to spend money on, with making money being in second or even third place.
Edit: Also, if an owner uses a city’s money to help pay for a stadium, the people in said city should all get a percentage of said team and money after every season until the owner pays off the debt they owe to the city.
I’m sure the Brewers and their 2 million people TV market can do the same!
Luckily, according to Rob Manfred, the Commissioner’s Trophy is a pithy piece of metal, so it should go to the cheaper team who can still afford it.
I am so amazed that the contention of the next lockout is a salary cap, and not the fact that 5 teams (White Sox, A’s Rays, Marlins, & Pirates) literally choose to be as cheap as possible to get revenue sharing money back. So every season, 5 of your 30 teams are deciding to not win and sell off any promising player the second they need to get paid. None of that of course factors in teams who spend money poorly (Rockies/Twins) or teams who just decided to blow up and reset using the draft.
How is it that they arent looking to teams like the Pirates, who are owned by a billionaire, and yet refuses to try to win as a greater disgrace to the league as teams who actually give a shit and build good teams and infrastructure around them.
Is there any sports team other than Los Angeles dodgers and Real Madrid that generates billion dollar revenue?
How they did it: they signed the best player ever and cheated financially to do it
Not complicated lol
Meanwhile, I bought a $4 popsicle at an Angels game and I think that was about their entire yearly revenue
Sign the guy that generates a billion in revenue. Why dont other teams do that? are they stupid?