Mark WalterĮstimated net worth: $1.3 billion Team: Los Angeles Dodgers The biggest off-season shuffle in baseball this year was not a trade for a star player, but the sale of the storied Dodgers. After selling the team in 2002, Henry led the purchase of the Red Sox, along with Tom Werner and The New York Times. He graduated to MLB ownership when he took a 1 percent share of the New York Yankees in 1991 and eventually became the sole owner of the Florida Marlins in 1999, purchasing the team from Wayne Huizenga for $158 million. Henry has always had a love of sports and began purchasing and selling stakes in minor league and semi-professional teams in the late 1980’s. According to the company’s 2012 disclosures, the firm currently has $162 million in assets under management. An asset management firm, JWH focuses on futures trading using proprietary trend-following techniques developed by Henry. Henry generated his wealth after founding JWH in 1982. Aside from his stake in sports franchises, Henry has $170 million in liquid assets, a $34 million luxury yacht named the Iroquois and $25 million in holdings of the John W. The group also owns the English Premier League football club, Liverpool F.C. Henry II’s share of the Red Sox through his ownership in the Fenway Sports Group is worth approximately $840 million. Henry IIĮstimated net worth: $1.15 billion Team: Boston Red Sox Wealth-X says John W. Among his other large holdings are an estimated $600 million in liquid assets, a $350 million stake in Pohlad Family Companies and a $6 million home in Aspen, Colo. According to Wealth-X, Pohlad’s ownership stake of the Twins comes to approximately $170 million, or about 15 percent of his $1.1 billion net worth. More recently he worked on the deal with local authorities that led to the construction of a new, $545 million venue for the Twins, Target Field, for which the Pohlad family contributed $185 million. Jim Pohlad was involved in his father’s purchase of the Twins in 1984, working on a financial analysis of the $44 million deal. After the 2009 passing of his father, Carl, Jim Pohlad inherited control of the organization and serves as CEO. Robert Nutting (Nutting Family)Įstimated net worth: $1.1 billion Team: Minnesota Twins One of the most economically influential families in the Minneapolis area, the Pohlads have invested in everything from real estate, banking, insurance and aerospace, in addition to the Twins. So, which MLB teams have the richest owners? Click ahead for the Top 10. Excluded from the list were the Atlanta Braves, owned by Liberty Media and the Toronto Blue Jays, owned by Rogers Communications, since these teams are not controlled by a single individual with an ownership stake. The overall net worth figure provided by Wealth-X factors in a range of assets, including shares in companies, real estate, cash, art collections, private planes and other investable assets, including an estimated value for the ownership stake in a given team. With all the money involved in the sport, the question remains: who is the richest owner in baseball? Wealth-X,a global wealth intelligence firm, analyzed information in its proprietary database on owners and controlling partners of MLB teams to see who has the highest personal net worth. #Robert hugin net worth tvWithout national TV contracts, many MLB teams own highly profitable regional sports networks, while the absence of a hard salary cap has allowed payrolls of some teams to go through the roof. #Robert hugin net worth professionalWhereas the NFL negotiates highly profitable national television contracts, conducts aggressive revenue sharing and imposes salary-cap restrictions, professional baseball teams are given more leeway in their operations. Team owners are among the richest people in the country, and their purchases of big league teams offer a business model that is relatively different than that of other professional sports in the country. Dodgers were auctioned off, with a record-breaking bid of $2.15 billion coming in from an investment group that included former NBA star Magic Johnson. More recently, the financially troubled L.A. The league shook up the playoff structure, adding an additional one game wild-card round, while also announcing that the Houston Astros will become an American League team in 2013. With the 2012 MLB season getting under way, the biggest moves in baseball’s off-season were focused on the teams rather than the players.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |