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Thread: Bloomberg values Twins

  1. #1
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    Bloomberg values Twins

    Because it's always fun to point out how rich the Pohlads are and how much of it isn't going to the payroll. (Even if I actually agree with Ryan's plan).

    MLB Team Valuations - Bloomberg

    According to Bloomberg, Twins total value is worth 700m and team value is 595m. Revenue for last year was about 215m so next years payroll could be 111m or so (on a 52% revenue to budget).

  2. #2
    Senior Member All-Star JB_Iowa's Avatar
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    Always nice to see updated figures.

    Presumably that means that about $25 million or more of the 50-52% went unspent this year.

    Maybe they could give all season ticket holders a nice rebate? Or throw a great party for the state of Minnesota? Or make an extra-special donation to Twins charities? Or announce that they were putting that money in trust to be held for when they need to spend more than 52% to "put them over the top".

    The possibilities are myriad for doing things other than merely pocketing profit.

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    Quote Originally Posted by JB_Iowa View Post
    Always nice to see updated figures.

    Or make an extra-special donation to Twins charities? Or announce that they were putting that money in trust to be held for when they need to spend more than 52% to "put them over the top".
    Actually, both of those ideas are pretty good. I'd love to get one of the Pohlads on record on that. If the Twins are underpaying now (by a lot) and will do so for a number of years, it seems fair that they overspend to keep the nucleus together down the road.

    Or write a 20m check to some charity to fight cancer.

  4. #4
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    Don't forget, they get tens of millions more in revenue next year....from the new tv deal.
    Lighten up Francis....

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    Quote Originally Posted by JB_Iowa View Post
    Always nice to see updated figures.

    Presumably that means that about $25 million or more of the 50-52% went unspent this year.

    Maybe they could give all season ticket holders a nice rebate? Or throw a great party for the state of Minnesota? Or make an extra-special donation to Twins charities? Or announce that they were putting that money in trust to be held for when they need to spend more than 52% to "put them over the top".

    The possibilities are myriad for doing things other than merely pocketing profit.
    I'm hoping for a down payment on a Tanaka posting fee.

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    Senior Member Big-Leaguer jay's Avatar
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    Quote Originally Posted by JB_Iowa View Post
    Presumably that means that about $25 million or more of the 50-52% went unspent this year.

    Maybe they could give all season ticket holders a nice rebate?
    Given attendance was 2.5M, that nicely works out to $10 for every single ticket. I either want that $1620, or this...

    Quote Originally Posted by diehardtwinsfan View Post
    I'm hoping for a down payment on a Tanaka posting fee.

  7. #7
    Quote Originally Posted by JB_Iowa View Post
    Always nice to see updated figures.
    Presumably that means that about $25 million or more of the 50-52% went unspent this year.

    Maybe they could give all season ticket holders a nice rebate? Or throw a great party for the state of Minnesota? Or make an extra-special donation to Twins charities? Or announce that they were putting that money in trust to be held for when they need to spend more than 52% to "put them over the top".

    The possibilities are myriad for doing things other than merely pocketing profit.
    Thats the thing that gets me. Why not save money from the years they're under 50-52% and save it for years when they can spend more? Instead they're on a year to year basis. How convenient. What I wouldnt give for an owner happy to break even and spend the rest on payroll. Its not like Calvin Griffith. The Twins were his livelihood. His ONLY source of income. The Pohlad's have made their billions elsewhere. That family is truly disgraceful.

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    Quote Originally Posted by jay View Post
    Given attendance was 2.5M, that nicely works out to $10 for every single ticket. I either want that $1620, or this...
    I believe the correct total is $810.

  9. #9
    Senior Member All-Star Thrylos's Avatar
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    Quote Originally Posted by mike wants wins View Post
    Don't forget, they get tens of millions more in revenue next year....from the new tv deal.
    That has been estimated to $35 million.

    So Ryan has the following $ to spend to bring a winner in 2014 (and beyond) :

    $215+35M = $240 M est. revenues
    52% of that is $125 M . $60 M is allocated already, which leaves:

    $65 million.

    A good GM can create a competitive team with that much cash to spend in free agency and in trade and sign situations (if necessary.) Let's see what Ryan will do.

    No excuses.
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  10. #10
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    Quote Originally Posted by Marta Shearing View Post
    Thats the thing that gets me. Why not save money from the years they're under 50-52% and save it for years when they can spend more? Instead they're on a year to year basis. How convenient. What I wouldnt give for an owner happy to break even and spend the rest on payroll. Its not like Calvin Griffith. The Twins were his livelihood. His ONLY source of income. The Pohlad's have made their billions elsewhere. That family is truly disgraceful.
    In fact, that's the way they do it. An article posted here sometime ago, quoted Jim Pohlad as saying 50% of revenue would be used for payroll on average.

    When the Pohlads donated $2,000,000 to help build the new baseball field at my alma mater, we didn't feel they were disgraceful at all.
    Last edited by howieramone; 11-08-2013 at 11:47 PM.

  11. #11
    Well they came nowhere close to 50% last season so they got a long way to go on 2014's payroll to "average" things out. It takes alot of nerve. Get the public to build them a stadium, then put a team like that out there three years in a row. And their idea to charge prople to watch batting practice? All you need to know.

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    Quote Originally Posted by Marta Shearing View Post
    Well they came nowhere close to 50% last season so they got a long way to go on 2014's payroll to "average" things out. It takes alot of nerve. Get the public to build them a stadium, then put a team like that out there three years in a row. And their idea to charge prople to watch batting practice? All you need to know.
    I read an article recently where a Hennepin County official talked about how pleased they were with partnering with the Pohlads in building Target Field. He talked about how they took basically a useless piece of property, in what he called a boundary area and built beautiful Target Field. You do know the Twins attract more visitors to Downtown Minneapolis than all the other sports teams in town combined right?
    Last edited by howieramone; 11-09-2013 at 01:07 AM.

  13. #13
    Quote Originally Posted by Thrylos View Post
    That has been estimated to $35 million.

    So Ryan has the following $ to spend to bring a winner in 2014 (and beyond) :

    $215+35M = $240 M est. revenues
    52% of that is $125 M . $60 M is allocated already, which leaves:

    $65 million.

    A good GM can create a competitive team with that much cash to spend in free agency and in trade and sign situations (if necessary.) Let's see what Ryan will do.

    No excuses.
    Okay, so you add the $35 million TV money. Why does half of that go to operations and such (i.e. probably profit). I still haven't figured out the 52% of revenue. When they make more, do they give front office bonuses, make gold keys for the washrooms, hire more staff, start another minor league club, spend more on international players?

    It seems management will be able to pay off their investment in the stadium sooner rather than later. Now they can do that and not show a profit. Maybe the good news is that later they will spend to show less taxable profit.

    But, in the end, when owners of any sport complain about monies, the golden but is the selling of the franchise somewhere down the line and making a mint!
    Joel Thingvall
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    rosterman at www.twinscards.com

  14. #14
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    Quote Originally Posted by Marta Shearing View Post
    Well they came nowhere close to 50% last season so they got a long way to go on 2014's payroll to "average" things out. It takes alot of nerve. Get the public to build them a stadium, then put a team like that out there three years in a row. And their idea to charge prople to watch batting practice? All you need to know.
    They also greatly increased payroll right after getting the new stadium and have stayed above the previous payroll ever since. It has been made clear that Ryan did not spend as much as he had been allotted by the Pohlads and they have made it clear in the press that they want TR to be much more aggressive this offseason. Bashing the Pohlads in this way does not hold up very well.

    Personally, I would like to see a change made with BP. I would like to watch it and charging an early entrance fee to enter is better than not being able to see it at all... I think it should be free to enter early but that is not the common MLB practice league wide.

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  16. #16
    Senior Member All-Star Winston Smith's Avatar
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    Don't forget this family was willing to let the team go away and be contracted. Does that really seem like something a real loyal baseball person (family) would do or someone that is only concerned about making money?
    This comment brought to you from the Rosedale Mall studio by Hamm's Beer, brewed in the land of sky blue waters.

  17. #17
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    Quote Originally Posted by Winston Smith View Post
    Don't forget this family was willing to let the team go away and be contracted. Does that really seem like something a real loyal baseball person (family) would do or someone that is only concerned about making money?
    That was in another Millennium.

    Jim Pohlad is not alive. The Pohlad kids had/have nothing to do with baseball (and it is so painfully obvious) and the contraction. DNA does not carry blame.

    However, the Front Office that was working under Pohlad for the contraction is still around (Other than Bell who retired). So if you want to blame current Twins' personnel for that, look at St. Peter, Ryan and Co and not the Pohlads. They were not around, St. Peter, Ryan & Co were.

    History will tell, but still not sure whether the contraction was not more of a boogeyman tactic for 2 uninterested fan-bases, which resulting in moving one team (Expos) and a new ballpark for the other (Twins.) Interestingly enough, similar rumors have been heard this millennium for the As and the Rays...
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  18. #18
    Senior Member All-Star Winston Smith's Avatar
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    This comment brought to you from the Rosedale Mall studio by Hamm's Beer, brewed in the land of sky blue waters.

  19. #19
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    Quote Originally Posted by Winston Smith View Post
    Don't forget this family was willing to let the team go away and be contracted. Does that really seem like something a real loyal baseball person (family) would do or someone that is only concerned about making money?
    IIRC selling or contracting the Twins offered substantial estate tax saving. The Twins while mired in the Dome were a borderline profitable enterprise, soon facing substantial operational losses, with no other local group stepping up to purchase the team. As I heard it, family members convinced Carl Pohlad to retain ownership. I know I will be forever grateful to the Pohlads for keeping the Twins in Minnesota during my lifetime.

  20. #20
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    The Twins only exist because a judge bent the law. Pohlad was 100% committed to contraction.

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