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

Bloomberg Businessweek

April 1st, 2013 by Holy Cross in the News


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
04/17/14 Holy Cross Academic Conference to Showcase Student Work
04/17/14 ‘High school students celebrate ancient Roman culture’
04/17/14 Cantor Art Gallery to Display Works of Graduating Seniors in ‘Alter-Ego’
04/16/14 Papal Experts Available to Comment on the Canonization of John XXIII and John Paul II
See All
See All

Featured Videos

See video
Video: First-Year Students Contemplate New Chapter in Life at Escape Retreat

Watch Video >
See video
Video: Holy Cross a Cappella Groups Perform Christmas Classics

Watch Video >
More

What’s Happening on Campus

04/24/2014

Acclaimed Author Leah Hager Cohen to Give Reading at Holy Cross

See More >
05/02/2014

Gamelan Gita Sari

See More >
More

Holy Cross in the News

04/17/14

‘High school students celebrate ancient Roman culture’

Boston Globe | Telegram & Gazette

Photos from this year’s 42nd annual Classics Day at the College of theHoly Cross were featured on the front page of the Boston Globe and the Worcester Telegram &...

04/06/14

‘HC student interviews provide secrets to success’

Telegram & Gazette

In a column for the “Business Matters” section in the Telegram & Gazette, Aaron Nicodemus writes about eight seniors at the College of Holy Cross who  interviewed...

03/27/14

PayScale Ranks Holy Cross No. 9 Among Liberal Arts Colleges for Best ROI

The College of the Holy Cross ranks no. 9 among liberal arts college across the country for best return on investment (ROI) according to PayScale, which released its fifth...