FanPost

Baseball is printing money

Forbes says that national TV and internet revenue is now greater than $75M. The Twins are making their $80M opening day payroll before they touch a dime of local TV, radio or stadium revenue. Here's a link to the Forbes article One very interesting insight is the sale of the Expos was put into a hedge fund that is now worth $1B. The Twins own 1/29th of that. They're also part owners in another MLB hedge fund worth $500M. More and more revenues are being placed "off the books" into hedge funds that are getting 10% returns on investment. The Twins are valued by Forbes at about $580M which is good for 20th.
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