Posts by Justin C. Maiman
- Justin C. Maiman at Daily Ticker5 mths ago
It has nothing to do with on-field ability, just money. And the numbers are much higher than ever...
Bloomberg Billionaires has uncovered new data that finds 10 MLB teams are worth more than $1 billion. And the Yankees are worth $3.3 billion, according to total value. These numbers are 35% higher than previous rankings by Forbes.
So what did Bloomberg find that Forbes didn't?
Matt Miller, editor of Bloomberg Billionaires, says the $2 billion Los Angeles Dodgers sale this year changed everything because it "really showed that you have to value all of the assets when it comes to the teams, you can't just do revenue from ticket sales, concessions and stadium-type deals and merchandising. Really the driver of this is regional sports networks."
- Justin C. Maiman at Daily Ticker6 mths ago
The customer is always right.
Sounds trite and old-fashioned but that's the way Amazon (AMZN) founder and CEO Jeff Bezos has run his business since its inception in the 1990s. And while this laser-focus hasn't led to huge profits yet (the company does not regularly boast about its razor-thin profit margins or recent quarters where they've actually lost money), the promise of their future retail muscle has helped the stock flirt with all-time highs this year. It has also meant that its millions of customers can count on the company to try to undercut almost any competitor's price, every time.