Reply #23: A good editorial [View All]

[thefriendlytipster]

Here's a good editorial that was in the Star Tribune about the stadium.

But the fact is, Pohlad's $125 million isn't real money. The day the Twins would move into this new stadium, the Pohlad family likely would get back his investment -- and more.
According to Forbes magazine, the Twins were worth $127 million as of last fall, the lowest-valued franchise in Major League Baseball now that the Montreal Expos have found a home in Washington, D.C. A new stadium surely would raise the Twins' value to at least the level of the Milwaukee Brewers ($238 million) or the Pittsburgh Pirates ($242 million). It might push the value to as high as the Cleveland Indians ($360 million).

So, let's say a new stadium adds a minimum of $110 million to the team's value.

Then, there's the fee the Twins will receive for selling stadium naming rights. Those values range widely, according to Forbes. There's the $6 million the Houston Astros receive every year for calling their stadium Minute Maid Park, to the $2.7 million the San Diego Padres get each year for playing in a stadium called Petco Park to the $2.1 million the Brewers receive each year for playing in Miller Stadium.

So, let's say selling naming rights will yield a minimum of $20 million to the Pohlad clan over a 10-year period.

That means that the Pohlads, conservatively, would receive $130 million for this $125 million investment.

www.startribune.com/stories/465/5368898.html

I love the Twins, but the fact remains that if building a stadium was such a good idea Pohlad would build it himself. He is literally worth billions of dollars after all, and by being in the banking industry nonetheless. I think he can get a loan.

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