‘Why Is the Marlins’ Jeffrey Loria the Most Hated Man in baseball?’

Bloomberg Businessweek

April 1st, 2013 by 


In an article in Bloomberg Businessweek, Victor Matheson, assistant professor of economics at the College of the Holy Cross, sounded off on the Miami Marlins’ controversial owner, Jeffrey Loria. In 2009, Loria finagled a deal to build a new stadium costing $650 million, $490 million of which came directly from the city, and because of payment structures, will cost the county $2.4 billion through the year 2049.

Last year, when the Marlins were on track to a losing season, Loria traded five popular players in order to decrease payroll. Combined, the two moves made fans irate, and cast Loria into an unpopular light.

“Loria’s a profit-maximizing person and we shouldn’t presume that he is looking out for the city,” said Matheson, stating that the economic practice of capitalism is still very much alive in big businesses such as professional sports. “He’s looking out for himself,” he continued, “and the way he does that is by extracting as many dollars as he can from fans, from taxpayers, and from the league in general.”

This ‘Holy Cross in the News’ item by David Cotrone ’13.

| More
Tags
Categories
In The News

Comments are closed.

Sort By:
or
10/24/14 ‘Holy Cross students create Working for Worcester’
10/23/14 ‘Holy Cross Professors Take Students on In-Depth Study of Holocaust Sites in Central Europe’
10/21/14 ‘US public schools are better than they’ve ever been’
10/17/14 Holy Cross Marks 25th Anniversary of El Salvador Murders With Series of Events
See All
See All

Featured Videos

See video
Artist-in-Residence Cristina Pato and Renowned Composer Osvaldo Golijov to Lead Concert and Panel Discussion

Watch Video >
See video
Environmental Champion Slottje ’89 on Crusade to Protect America Against Fracking

Watch Video >
See video
Strong Alumni Support Makes for Record-Breaking Year in Giving to Holy Cross

Watch Video >
More

What’s Happening on Campus

10/25/2014

Craft Demonstrations by Refugee Artisans of Worcester

See More >
10/25/2014

Tableaux Vivants of the Italian Presepe

See More >
10/28/2014

Dinand in the Dark

See More >
10/30/2014

Data Destruction Day

See More >
More

Holy Cross in the News

10/23/14

‘Holy Cross Professors Take Students on In-Depth Study of Holocaust Sites in Central Europe’

AJCU's Connections

In the October issue of Connections, an online publication of the Associations of Jesuit Colleges and Universities, two College of the Holy Cross professors were  featured...

10/10/14

‘Holy Cross’ Sean Gustin never rests’

Worcester Telegram & Gazette

The Worcester Telegram & Gazette profiled College of the Holy Cross student Sean Gustin ’16  as a stand out scholar- athlete who is a member of both the Crusader...

10/06/14

‘Any way the wind blows’

Worcester Telegram & Gazette

The Worcester Telegram & Gazette recently featured a photo gallery of the first annual New England Collegiate Marching Band Festival, hosted by the College of the Holy...