Barry Jackson in the Miami Herald posts the first of a five-part series on the business plan of the new Marlins ownership group:
The new ownership group is poised to make a profit next season because of the slashing of payroll, combined with the fact that every MLB team next spring will receive a one-time payout of $50 million as a result of MLB’s sale of digital media company BAMTech to Disney. But the amount of the Marlins’ profit could vary widely based on several factors.
The August version of the document — named Project Wolverine because Jeter grew up primarily in Michigan, nicknamed The Wolverine State — projects a Marlins “cash flow” profit of $68 million for 2018.
But much of that was based on the internal projection that Fox will give the Marlins a $44.8 million up front payment as part of a renegotiated TV deal. There’s no indication if the Marlins at this point believe that will happen.
The owners also project increasing revenue from ticket sales and corporate sponsorship.
In their 25 years of existence, the Marlins have been a tough sell. We’ll see if this group and turn things around.
from baseballmusings.com http://ift.tt/2CFWe7U
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