‘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
05/03/16 Holy Cross Ranked No. 19 on Forbes’ List of Best Value Liberal Arts Colleges
05/02/16 Holy Cross Kicks Off $400 Million “Become More” Campaign with Celebration Weekend
04/29/16 ‘Holy Cross honors Rev. Kuzniewski with field dedication’
04/28/16 Photo Gallery: Dinand Library’s Exterior Spaces Are Reenergized with Art, Rooftop Garden
See All
See All

Featured Videos

See video
‘Major in Anything…Succeed in Business’

Watch Video >
See video
Photo Gallery, Video: Obama Advisor Broderick Johnson ’78 Speaks on ‘My Brother’s Keeper,’ Other White House Initiatives

Watch Video >
See video
Crusaders Win Patriot League Championship

Watch Video >
More

What’s Happening on Campus

05/06/2016

Gamelan Gita Sari Concert

See More >
05/26/2016

Senior Academic Awards and Prizes

See More >
05/26/2016

Baccalaureate Mass

See More >
05/26/2016

ALANA Baccalaureate Celebration

See More >
More

Holy Cross in the News

05/03/16

Holy Cross Ranked No. 19 on Forbes’ List of Best Value Liberal Arts Colleges

Forbes.com

The College of the Holy Cross ranked No. 19 on Forbes’ list of Best Value Liberal Arts Colleges. For this ranking, Forbes looked at U.S. colleges and universities “that...

04/29/16

‘Holy Cross honors Rev. Kuzniewski with field dedication’

Telegram & Gazette

Last Friday during halftime at the Holy Cross vs. Boston University men’s lacrosse game, the College of the Holy Cross dedicated Holy Cross Field, home of the men’s and...

04/20/16

Holy Cross’ Give Purple Challenge Highlighted for its Success

The Washington Post

“It took just 43 hours for the College of the Holy Cross to raise nearly $2 million,” a recent Washington Post article begins. The article discusses the increase in...