Breaking: Stan Kroenke & Kroenke Sports and Entertainment have entered into a definitive agreement to acquire a controlling interest in the Los Angeles Angels from Arte Moreno.
Kroenke will now own controlling interests in the Rams (NFL), Angels (MLB), Nuggets (NBA), Avalanche (NHL) and Arsenal.
For you guys not following this situation
The Dodgers negotiated an unfair TV contract deal, then their owner got his insurance and annuity companies to give loans to him so he could afford massive spending.
He did things like buy Chelsea, the Lakers and spend massively on the Dodgers by doing illegal loans and arms length transactions that aren’t allowed with insurance rules
He has to sell EVERYTHING he can to cover the loans or he could face criminal prosecution. There will be a liquidation, selling the Lakers and his stake in Chelsea will not be enough
The Dodgers “dynasty” is built on financial cheating, enabled by a 1 of 1 TV Deal they got through a loophole in the McCourt Bankruptcy and improper transactions with life insurance and annuity companies Guggenheim owns
We do not need a salary cap
Mark walter WILL have to sell the Dodgers and once the TV rights situation is fixed they will never be able to spend like this again
The Dodgers rings mean even less than the Astros
Because the Dodgers went bankrupt, MLB agreed to tax their TV money as if they were still a broke. That lets the Dodgers keep about $66 million more every year than they otherwise would. This exception runs through 2039, according to a league source.
This extra 66 million a year leaves the Dodgers with an unfair advantage and allows them to extort deferred salaries
Paul Skenes on Ryan O'Hearn's 3 homer, 10 RBI game. 🤣
"I think it was kinda selfish, to be honest. Everybody else is getting on. Home runs are rally killers.
You hit a 3- run home run or a grand slam...and what now? There's nobody on. Nobody can drive him in. Good for him, I guess."