second when i got across the bay to st. pete where the trop is in a industrial district, nothing around the trop is attracting to fans unless you like hanging out around factories and warehouses. That said, I would agree that there are cases for many other bad owners. Click was hired by Houston away from the Tampa Bay Rays before the 2020 season and appeared increasingly distant from owner Jim Crane. Either way, his great investment in the Rays becomes even more profitable and more valuable. this is a bb site not the x-files if i wanted to hear about arguments about inoculations/politics then i would join a reddit site about said issues. Thats brutal. Oh, I know theres a few here, but only a few. Another franchise will be ready to pick this up! About the owner: Vinik, a New Jersey native, attended Harvard Business School where he obtained an MBA before joining Fidelity Investments. The legal spat centers on the minority owners claim that Sternberg wrongfully and surreptitiously transferred legal ownership of the team in 2020 from an existing partnership structure to an entity called Rays Baseball Club. The partners say they did not learn about the transfer until months after it occurred. No major decision is made in MLB without the authorization of the owners. Kick governments out of healthcare, give money (if possible) to private enterprises and countries are far better off. (https://www.theringer.com/2019/10/8/20904509/eugene-melnyk-ottawa-senators-worst-sports-owner-in-north-america). George Dowling. I hope Tampa sticks to their guns and makes his pony up half the cost of a stadium for full season baseball. Sounds like the remaining minority owners do not agree with what Sternberg wants to do & now that his ownership stake is at 85% they are seeing the writing on the wall on their remaining 15% share. Once his teams started winning a lot, hed sell the players contracts off for huge profits and start over. Cant be shrugged off as isolated case either, coming off the heels of Barry freakin Sanders, The Pirates owner is a competitor for that worst ownership award. Minority owners. Los Angeles Chargers Have Shown Keenan Allen The Money But They Wont Show Him The Door, Corner Threes Are Secret Sauce For Milwaukee Bucks Offensive Success, Saudi Investment Chief Ordered To Appear In Court As PGA-LIV Golf Legal Drama Heats Up, OKC Thunder: Upcoming Six-Game Slate Will Dictate Direction Of Season, Is Vince McMahon Secretly Booking WrestleMania 39? The Lightning also faced possible relocation. Thats your opinion. Ownership of the team transferred to his six children. We have an upcoming soccer team ready to develop land in st Pete, true NHL and NFL owners who invest in our community let STUpid go away! As someone who has both worked for the Rays and has lived in the area for some time, Sternberg has to be the worst professional sports owner Ive ever seen. Earnings before interest, taxes, depreciation and amortization. I dont know much about baseball ownership but business ownership majority makes the final decisions within regulatory reason of course. Championships: 3 (2004 over the Calgary Flames, 2020 over the Dallas Stars and 2021 over the Montreal Canadiens). By 2020, he had increased his stake to 85 percent by buying other general partnership stakes, including those held by the family of former owner Vince Naimoli, making him both managing partner and sole general partner. Hes rarely ever seen at a game other than Opening Day and just seems uninterested altogether. Doesnt make it ok. Ripping others off in the name of your family isnt cool and it isnt ok. Ditto what lefties perceive as justice. The Milwaukee Bucks are trying to rediscover corner magic and weaponize the three-point shot in their offense. What is neglected in that rant is the financial props in the US helped develeop and introduce the vaccine quickly in the 1st place, then the US RIGHTLY made 1st it was used in the US 1st and that is where most of the early product went. James Shields scattered five hits over 6 1-3 innings and B.J. Five minority owners of the Rays filed a lawsuit against majority owner Stuart Sternberg in the Pinellas County Circuit Court over the weekend (full complaint available here). This conversation of USA vs Canada is dumb in most forums, but particularly this one. 2023 www.palmbeachpost.com. I cant stand Sternberg he drives fans away from the games. 25, 2021. The Rays issued a brief statement Tuesday afternoon responding to the lawsuit. And make similar moves like the Montreal decision to some of these owners and organizations. He cares about making m0ney and when the time comes, he will sell and happily walk away with even more riches in his pockets. By Mike Ozanian Forbes Staff . (The furthest the Jaguars have made it is the AFC Championship game, done three times: 1996, 1999 and 2017). I run the table with the Detroit Lions! The lawsuit was filed in late June in a Pinellas-Pasco Circuit Court by a group of five that makes up about 9.6 percent of the team's ownership. The US also generally has a huge advantage in access to pharmaceuticals because of the political and financial relationship we have with the Pharma industry. Lease goes through 2027, so I REALLY hope Canada travel bans arent a thing by then. Add your idea below. This season there are four nationally televised 2023 MLB Spring Training broadcasts on ESPN. . ESPN is a cable TV channel that's included in many cable TV packages. In 1978, he started Bumper Works, which made car bumpers for customized pickup trucks and body shop repairs. A hearing on the matter is scheduled for September. Hes enabled them to support his model. Prior owners: Cliff Viner and a group of investors consisting of minority partners Stu Siegel, Alan Cohen and Wayne Huizenga. About the owner: Viola is the former chairman of the New York Mercantile Exchange (NYMEX), and the founder and chairman of Virtu Financial. Per Emily L. Mahoney and Josh Solomon of the, Unsigned FA Jurickson Profar to play in WBC, Orioles, Pirates play final half-inning without umpires, MLB hires three to ramp up 'local media' department, Report: Padres sign Rougned Odor to minor-league deal, 10 MLB positional battles ahead of Opening Day, How the Dodgers can replace Gavin Lux after injury. Every team has a legion of fans who comment, but Rays fans are mostly absent. ive been to the trop and here are my biggest complaints about it, one its hard to get to there is only 1 highway in or out and iirc a side street to get to the stadium. Not baseball. Canada doesnt have a Pharma industry, but they do have lower healthcare costs (if you can actually get care). tv: Bally Sports FL, Bally Sun Sports; radio: WDAE 95.3 FM & 620 AM, A judge who was slated to oversee a legal dispute between majority and minority owners of the Tampa Bay Rays has stepped down from the case last August over past ties to the team, including a stint as a minor league general manager. Take a look at the investments each of the Vinik and Glazier families have made not only to the sports franchises but the Tampa Bay community not like an owner that just takes .., marlins should be a lesson to all. It also asks a judge to void the deal that transferred the team to Rays Baseball Club; to issue an injunction limiting that companys business actions; and to distribute payments to the partners based on that companys cash flow. A score of 120 means that the team achieved 20% moreompared with the league average during the 2021 season. Green Bay Packers president Mark Murphy said, "We try to keep our tickets as affordable as possible.". Head Groundskeeper, Tampa Bay Rays / Director of Operations, Charlotte Sports Park. St. Petersburg mayor Rick Kriseman now suggests (via Topkin) that Sternberg consider relinquishing control of the franchise in light of the allegations in the complaint. I wonder if the estate of Charlotte Rae would have a case if they moved to Charlotte and kept the name. Some complaints will go to arbitration, as Stuart Sternberg requested, but a jury could still rule on his removal as general partner. Hell simply pocket the additional cash. Baseball is business first, after that its a hobby. F everyone else as long as you get yours-regardless of honor, laws or morals, huh? Hence, of course, why St. Pete clings steadfastly to the contract forbidding the Rays to leave until 2028. Have the Rays traded Wander Franco yet? The best example of the Rays' depth and resilience is a bullpen that, despite suffering one injury after another, has been among the best in the majors all season. @For Love of the Game Canadas 1st dose rate is actually higher than the US at 54% to 50%. At the time of purchase in 2004, there were 11 members of the limited partners group. Because Sternberg is the Rays sole general partner, it isnt very likely that hes going to choose to vote himself out, said attorney Courtney Fernald of St. Petersburg law firm Englander Fischer, representing the minority owners. The state of Florida is fortunate to have nine pro sports teams among the Big 4 sports. Championships: 0. A group of minority Tampa Bay Rays owners can proceed with part of a lawsuit seeking to expel Stuart Sternberg as a general partner in the team, a judge ruled Wednesday. If they build a modern stadium in a convenient location they will draw a much larger crowd. . Im shocked. Hey, I actually agree with you for the most part. It's unclear if a team would reside in Tampa Bay; parent company USL is headquartered in Tampa. Im not talking about another postseason appearance, but by a better and more accessible park, and along with that the hope your best players dont automatically get traded. Local lawyers say the chances of Tampa Bay Rays owner Stu Sternberg stepping away from the team . Ive been saying this for more than a decade. Quick solution: I give you the Tampa Bay As, and the Oakland Rays! The Rays announced in June 2019 they were planning to explore an arrangement that would see the organization potentially split its home games between Tampa Bay and Montreal. He is the son of Ted Arison, co-founder of Carnival. The Rays have played in two World Series, losing to the Dodgers in 2020 and Phillies in 2008. Our government specializes in supporting China. yeah, as much as I respect the homage to the Negro Leagues club, therr are better names to chose. The previous owner, Hugh Culverhouse, had owned the team since it entered the NFL in 1976 as an expansion team. 1. About the owner: Micky Arison is chairman of Carnival Corporation, the world's largest cruise operator. Baseball wont die if people enjoy again. Who knows how successful previous owner Vinnie would have been if the Yanks/Sox paid all his bills. Rear clip . Privacy Policy | Copyright 2020 The St Petersburg Group. He wasnt even here 4 years and was one of the faces of the franchised. yet another greedy owner trying to scam municipal taxpayers. Stuart Sternberg PRINCIPAL OWNER The 2022 season is the 17th under the leadership of Principal Owner Stuart Sternberg, who assumed control of the franchise in October 2005. Only way to save the franchise. Well, congratulations, Suffer, youre my first mute! Exactly. Are we really going to halt the growth of baseball around the world because of a once in a lifetime pandemic? I thought we had all moved past dragging every single discussion into the COVID pit. Not exactly apples-apples. if only america did the same, at least 200k people would still be alive. Five limited partners who own 9.6% of the club claim that they were charged with $3.85 million of taxable income despite not receiving any cash distributions or benefits and that they have not. The five limited partners who filed the lawsuit are: The MacDougald Family Limited Partnership, with a 1.33 percent limited partner interest in Tampa Bay Rays Baseball, which is referred to as the partnership in the lawsuit, Stephen Mitchell Waters 2020 MLB Irrevocable Trust agreement, with a 0.4 percent limited partner interest, Stephen M. Waters, with a 0.7 percent limited partner interest, Gary Markel, with a 2.15 percent limited partner interest, Robert Kleinert, with a 5 percent limited partner interest. But hes been holstered by his own petard, or however that expression goes. Sorry, Eugene is not the worst owner in sports. They were actually near the top in attendance in the early 80s then were middle-ish of the pack until the mid-90s. This is such an awful strawman thats constantly run out there. Owners net worth: While the net worth of Richard DeVos children is not listed, the elder DeVos was worth $5.4 billion when he died. They collectively own less than 10% of the Rays franchise. no thanks, I prefer my freedoms. A group of the Tampa Bay Rays' minority partners filed suit against principal owner Stuart Sternberg this week, alleging he improperly enriched himself by secretly transferring. You should work for MLB. There is a big fan base in Tampa for the Rays but the location and stadium is just terrible. Not to worry, Rays fans. About the owners: Richard DeVos had four children with his wife Helen: Richard Jr., Dan, Cheri and Doug. The Rays may have more budget constraints compared to their AL East peers, but their return on investment tends to be high. All Rights Reserved. The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine. It has turned into a huge money making scheme for the privileged and fans cling onto it in hopes that better days are ahead. These actions have stripped (the minority owners) of the value of their long-held investments in the franchise and team, the suit states. That organization was stripped of its ownership and moved because of it. He purchased an additional 45 percent of the team from Huizenga about a year later for another $550 million, making his total purchase price $1.1 billion. In reality thats a HUGE advantage, one that every other GM in the sport would love to have. Its ridiculous. The suit, which was filed Saturday in Pinellas County, accuses Sternberg of depriving the minority owners of their profits from the team while simultaneously requiring them to pay taxes on that would-be income. Rob doesnt have that level of authority. Jim Previtera. These actions have stripped plaintiffs of the value of their long-held investments in the franchise and team, the lawsuit says. The Rays, for their part, have issued a statement on the matter: We are disappointed that a handful of our limited partners have filed suit. This is Rob Manfreds MLB so it could absolutely happen. 2019: The first full season under new ownership by the Tampa Bay Rays. Expos attendance was below league average the final 20 seasons of their existence. Thats much higher than the flu shot. Montreal didnt work because its previous owners where violating MLB rules and regulations. By posting a comment, I have read, understand and agree to the Posting Guidelines. There can be two truths. All Rights Reserved. Rays were fearless on the bases in 2022. But hey lets just yell back and forth about how high the tax rate should be instead of giving more of a damn about how that tax money is actually being spent and why. He also has a group of minority owners in Gloria and Emilio Estefan, Marc Anthony, Venus Williams, Serena Williams andFergie. goodness, its teams like TB, PIT, and OAK that are really holding back the growth of the game. Court documents show found partners paid $800,000 per 1 percent ownership interest in the Tampa Bay Rays Baseball, Ltd., while limited partners later paid $1,000,000 per 1 percent. After a very successful career at the firm, Vinik left to start his own hedge fund, Vinik Asset Management. The problem is not that hes a smart businessman who has played the system to his advantage. About the owner: Sternberg earned a finance degree from St. Johns University and later worked for Goldman Sachs. More Expos fans across Canada than in Montreal. Ive asked this half jokingly and thus half seriously. Why Europe was such a mess, with its 10 headed snake of writs and entanglement over policies and -0- clue how to get anything done, then threatening to seize every vial produced headed to England, which HAD developed a plan. Zero championships and only one playoff win! Wait, you mean the guy who is trying to act like a poor baseball owner to con his city to building him a free baseball stadium is only looking out for his own interests? Dont forget the $61 milliion in renovations for Amelie that the county agreed to pay for in 2018. Stu Sternberg is a con and rule #1 for a con is never put up your own money. section: | slug: rays-minority-owners-file-lawsuit-against-owner-stuart-sternberg | sport: baseball | route: article_single.us | Moreompared with the league average the final 20 seasons of their existence within regulatory reason of course, why Pete. And Phillies in 2008 Tuesday afternoon responding to the Dodgers in 2020 and in! 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