‘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
09/18/14 ‘Cancer experience leads Westboro man to establish Skating for Hope at Holy Cross’
09/18/14 Eminent Scholar of Genocide Studies to Speak at Holy Cross
09/17/14 Holy Cross Honors Five Alumni for Professional Achievement and Commitment to Service, Faith and Justice
09/16/14 Artist-in-Residence Cristina Pato and Renowned Composer Osvaldo Golijov to Lead Concert and Panel Discussion
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

09/23/2014

TIME, MEMORY, IDENTITY: Concert and Panel Discussion

See More >
10/25/2014

Craft Demonstrations by Refugee Artisans of Worcester

See More >
10/25/2014

Tableaux Vivants of the Italian Presepe

See More >
More

Holy Cross in the News

08/05/14

‘Princeton Review Ranks Holy Cross Among Best Institutions for Undergraduate Education in the Country’

College ranks no. 9 nationally for most accessible professors

The College of the Holy Cross is one of the country’s best institutions for undergraduate education, according to The Princeton Review’s annual college guide, “The Best...

07/30/14

‘Holy Cross Ranks No. 53 on Forbes’ List of America’s Top Colleges’

Forbes.com

The College of the Holy Cross ranked no. 53 overall and no. 44 among private colleges on Forbes’ list of America’s Top Colleges. Forbes partnered with the Washington,...

07/28/14

‘Fiske Guide’ Includes Holy Cross Among ‘Best and Most Interesting’ Colleges

Once again, the College of the Holy Cross has been included in the “Fiske Guide to Colleges.” Compiled by former New York Times education editor Edward B. Fiske, the 2015...