Cohen does it for the love of the game #BeastMode (source is today’s USA Today article by Bob Nightengale)

16 comments

  1. One thing I love about Cohen, I don’t think he looked at this team as a simple money in and money out type. He truly loves this team, and I’m sure it’s a dream to win a World Series

  2. It also doesn’t take into consideration the money he will make from the casino that he is going to build outside the ballpark. 

  3. I mean the article even says losses in sports are bull shit. Franchises are appreciating in value at an insane rate, baseball is slowly becoming more popular again, overshadowing the NBA (IMO). The 350M loss is fake news IMO.

  5. I suppose “money you spend doing what you love is never money wasted” still applies to nine/ten-figure amounts

  8. The second part is really important. I wonder how that compares to the value the Mets as a franchise have gained.

    Yes, Cohen is doing this for the love of the Mets and their fans. But let’s not fool ourselves, he is a very savvy financier.

  10. Are the Mets the only team with financial growth in franchise value or a wealthy owner?

    Boob knows shit talking the Mets gets clicks. And people are more than happy to help him spread his bullshit.

  11. I would be shocked if the Mets actual lose him money. Creative accounting at work. That said, when you’re as rich as Steve there are buttons you can press to print money regardless.

  12. There is no way teams are losing this much money. If they were, you wouldn’t have people lining up to buy them when they are on the market. Even if Cohen lost $350 mill the franchise is already worth more when than when he bought it. It’s like doing a remodel of the kitchen on your house. Sure you may have lost 100k this year but you will make it up when you sell. There is also probably all kinds of creative accounting going on especially with the owners staring down the barrel of a CBA renegotiation

  13. He’s an evil billionaire. That being said, he does love our Mets.

    That’s why I think long term we’ll be fine despite this past season.

    We’ll get something out of his ownership.

    We could be the Rockies, Reds, or Pirates….

  14. This is the benefit of getting an owner who bought the team as a flex/toy and not one of those family ownership groups who rely on the honestly piss poor cash flow relative to investment value that is an MLB team, I feel bad for the fans of teams of more “cash poor” ownerships who in reality probably don’t have the ability to flex like Cohen does w/o leveraging an asset so they go cry foul and make more stupid luxury tax thresholds. e.g. the Twins who were so close to selling last year, poor Twins fans.

  16. OK cool, we won the Most Money Lost and Shrugged Off World Championship; can we try winning now

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