Arte Moreno Comments

[Stradling]

7 minutes ago, fan_since79 said:

He better not jack up the beer prices!

Where else can you get a 14-oz cup of draft beer for $4.50?

The grocery store, any liquor store, minor league ballparks.  Everywhere but the movies, MLB ballparks, and amusement parks.  

[fan_since79]

Well yeah, I meant what other MLB ballpark would have those prices.

 

[fan_since79]

And speaking of movies (I don't go very often), I was stunned at the concession prices.

$14 for a small popcorn and small drink.

 

[Erstad Grit]

Hamilton and Jedi effect 

[Ace-Of-Diamonds]

27 minutes ago, Sherlock31 said:

That quote is for the IRS.... 

His taxes were just cut from 35% to 22%, but I'm not complaining. I, like that school secretary get an extra $1.50/wk. LOL

[Ace-Of-Diamonds]

9 minutes ago, fan_since79 said:

And speaking of movies (I don't go very often), I was stunned at the concession prices.

$14 for a small popcorn and small drink.

 

That's why i bring my own candy, but the drinks, and popcorn are insanely high priced.

[Troll Daddy]

15 minutes ago, Stradling said:

The grocery store, any liquor store, minor league ballparks.  Everywhere but the movies, MLB ballparks, and amusement parks.  

You haven’t visited a minor league ballpark lately

[Stradling]

4 minutes ago, Ace-Of-Diamonds said:

His taxes were just cut from 35% to 22%

That isn’t necessarily true.  It only affects either SCorps or CCorps, I don’t remember which one.  It depends on what he has the team classified as.  At least that is my understanding of it, based on the company I work for and how they are classified.  

[Ohtaniland]

No playoff revenue. I totally understand the subliminal message Arte is trying to convey. He’s paying for big contracts and the potential to make much more money is lagging. The local restaurants also take a hit during October. 

[Tank]

1 hour ago, Inside Pitch said:

Or having one company associated with the team charge another company associated with the team a huge sum of money that all ultimately goes to the team....

 

[AngelsLakersFan]

2 hours ago, Stradling said:

Didn’t turn a profit?  Bullshit. 

I'm sure the Angels didn't turn a profit after Moreno paid himself ~$40 million for running the team.

[AngelsLakersFan]

46 minutes ago, Stradling said:

That isn’t necessarily true.  It only affects either SCorps or CCorps, I don’t remember which one.  It depends on what he has the team classified as.  At least that is my understanding of it, based on the company I work for and how they are classified.  

I believe it is a Limited Partnership

[Troll Daddy]

1 hour ago, OHTANILAND said:

No playoff revenue. I totally understand the subliminal message Arte is trying to convey. He’s paying for big contracts and the potential to make much more money is lagging. The local restaurants also take a hit during October. 

Arte just hit the Ohtani lottery worth millions 

[ten ocho recon scout]

To be fair (and im not trying to defend moreno, just playing devils advocate), im not sure we really know what the team costs are. 

We know what the mlb roster costs. But not really the coaching staff (staff, not scioscia). Then all the clubhouse guys, and clubhouse costs. Then the stadium workers (minimum wage im sure, but theres a ton of them). Then theres the contracts for the food vendors, food, blah blah blah. Unilities, etc etc.

Anyway, we know we get 150 a year for the cable deal (before taxes). And that more or less covers the mlb team payroll. But as far as ticket prices (which youd think would be the most profit), regardless of them saying "3 million fans", its bullshit. The stadium was half full at best during the summer, less in the off months.

Again, i too am sure they made money. But theres going to be money going out in a lot more ways than the mlb roster.

[AngelsLakersFan]

9 minutes ago, ten ocho recon scout said:

To be fair (and im not trying to defend moreno, just playing devils advocate), im not sure we really know what the team costs are. 

We know what the mlb roster costs. But not really the coaching staff (staff, not scioscia). Then all the clubhouse guys, and clubhouse costs. Then the stadium workers (minimum wage im sure, but theres a ton of them). Then theres the contracts for the food vendors, food, blah blah blah. Unilities, etc etc.

Anyway, we know we get 150 a year for the cable deal (before taxes). And that more or less covers the mlb team payroll. But as far as ticket prices (which youd think would be the most profit), regardless of them saying "3 million fans", its bullshit. The stadium was half full at best during the summer, less in the off months.

Again, i too am sure they made money. But theres going to be money going out in a lot more ways than the mlb roster.

I doubt they lose anything on operations, even throwing out ticket revenue. 

The real cost for the Angels very well might be revenue sharing.

[Angelsfan626]

I will be short with this. So will arte saying today in short words it cost him money the last 2 years to own this team. Fuck that bullshit Arte simple I think you paid 164 million for this team hey pal your team is worth over 3 billion now.... angels fans like myself can’t spend the diamond club money your asking for. And for what a shit ass team that’s in second place with no farm system last 3 years I can’t keep going on but thoughts from u

[ten ocho recon scout]

5 hours ago, AngelsLakersFan said:

I doubt they lose anything on operations, even throwing out ticket revenue. 

The real cost for the Angels very well might be revenue sharing.

Good call, didnt think of that.

 

[Docwaukee]

a line item expense of x amount could cause a loss.  That x could be a salary to Arte.  It could be a payments on a loan to ABC corp.  

The one thing that isn't being accounted for here is the appreciation of franchise value.  He's claiming he's lost money operationally.  That could be true by accounting trickery.  

The real truth is that he paid 180 mil for the team and it's wort h 10 times that 1 years later.  That's a pretty nice ROI.   It's how a lot of teams accommodating a specific window are able to justify increases in payroll. 

This is just another example of why Arte won't go beyond the CBT threshold.  He's already claiming a loss   Money in - Expenses = money in his pocket.  He draws a line and that's it.  

[Rico]

NBA owners were saying the same thing before the last collective bargaining agreement.  Total BS.  

[floplag]

And yet it still didnt stop him from making moves and keeping the budget at similar levels.
Personally id rather focus on the quite where he said he would never tank becasue it isnt fair to the fans, that if it came to that hes get out of it.  
We have a good owner, im not begrudging him making a little as he puts the effort back into the club 

[WeatherWonk]

On 2/15/2018 at 12:37 PM, Stradling said:

Didn’t turn a profit?  Bullshit. 

Agreed. Complete mierda.

But he's probably got some shell game going where the TV/radio income is not, technically, income for the entity/corporation/LLC that owns/controls the team.