Wednesday, April 21, 2004
Winning Over Profit
Don't say bad things about George Steinbrenner around Allen Barra of the Wall Street Journal. Barra praises him for being willing to reinvest his revenue in players, noting, "One of the absurdities of the current system is that it rewards some of the wealthiest men in the country for not investing in their own baseball business rather than sitting back and locking in a profit by refusing to compete actively for players." He sums up:
"Baseball's critics are right: There is a ridiculous imbalance in baseball spending. But it hasn't been caused by Mr. Steinbrenner. It's been caused by a system created by men who, in the words of the former players' union head Marvin Miller, 'pay lip service to competition and free enterprise, and shudder when they see it in action.'
"All George Steinbrenner wants to do is win."
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Don't say bad things about George Steinbrenner around Allen Barra of the Wall Street Journal. Barra praises him for being willing to reinvest his revenue in players, noting, "One of the absurdities of the current system is that it rewards some of the wealthiest men in the country for not investing in their own baseball business rather than sitting back and locking in a profit by refusing to compete actively for players." He sums up:
"Baseball's critics are right: There is a ridiculous imbalance in baseball spending. But it hasn't been caused by Mr. Steinbrenner. It's been caused by a system created by men who, in the words of the former players' union head Marvin Miller, 'pay lip service to competition and free enterprise, and shudder when they see it in action.'
"All George Steinbrenner wants to do is win."
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