Sunday, April 25, 2004
Twins Waiting Game Is Costly
Aron Kahn of the St. Paul Pioneer Press quantifies the two big open issues involving the Minnesota Twins. The club estimates a new ballpark would be worth $40 million/year in new revenue. At the same time, it's refusing a Fox Sports Net offer that would roughly double, to $12 million/year, the money the club receives from cable TV, while demanding that local cable systems pay more for the club's Victory Sports than they do for Fox Sports Net.
Kevin Cattoor, President of Victory Sports, insists the Twins will never go back to Fox Sports. (Of course he'd be out of a job if they did, so he might not be the most unbiased observer.) Cattoor says:
"Whatever they offer, it doesn't matter. It's not relevant. We're striving to maximize the dollars and take those profits and reinvest them into the club. If Fox takes the profits off Twins baseball, they just deposit them in a checking account in Los Angeles."
Reinvesting profits in the club? Has Cattoor cleared this notion with the Pohlad family?
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Aron Kahn of the St. Paul Pioneer Press quantifies the two big open issues involving the Minnesota Twins. The club estimates a new ballpark would be worth $40 million/year in new revenue. At the same time, it's refusing a Fox Sports Net offer that would roughly double, to $12 million/year, the money the club receives from cable TV, while demanding that local cable systems pay more for the club's Victory Sports than they do for Fox Sports Net.
Kevin Cattoor, President of Victory Sports, insists the Twins will never go back to Fox Sports. (Of course he'd be out of a job if they did, so he might not be the most unbiased observer.) Cattoor says:
"Whatever they offer, it doesn't matter. It's not relevant. We're striving to maximize the dollars and take those profits and reinvest them into the club. If Fox takes the profits off Twins baseball, they just deposit them in a checking account in Los Angeles."
Reinvesting profits in the club? Has Cattoor cleared this notion with the Pohlad family?
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