When YES launched, Goldman Sachs owned a minority share of the network. In late 2003, the Yankees and Nets decided to part ways, with the Nets being sold to a group led by real-estate developer Bruce Ratner. This sale did not include the Nets' ownership stake in YES, which remained with the pre-merger owners of the team. As part of the sale, the Nets signed a long term deal to keep the team on YES. In 2004, YankeeNets was renamed Yankee Global Enterprises LLC, which owns the Yankees and YES as separate companies. Therefore, the Yankees technically do not own YES. The Yankees, however, receive a rights fee from YES that is somewhat higher than MSG previously paid. In 2007, the portion of the network owned by Goldman Sachs was put up for sale for estate taxes reasons;, however, as of January 2012, it has not been sold.
So it seems that the yanks only get a rights fee, but we know all to well how people move money from one pile to another.
"Disney Field at Dodger Stadium, or Universal's Field of Dreams at Dodger Stadium"
Sounds almost as ridiculous as "Los Angeles Angels of Anaheim"
Remember that it's Oriole Park at Camden Yards
Nothing sounds as ridiculous as the LAA of A
Greed is Good, from Selig to the Owners, and those who are greedy are the lowest form of life creating a new class of Serfs.
We, the People, have the power to say NO, I will not support greedy owners even though it is almost impossible to not buy and sell. Difficult to be selective, and it can be done.
***So it seems that the yanks only get a rights fee, but we know all to well how people move money from one pile to another.***
Don't you have to HAVE MONEY in order to pile it? I think what you mean, in McAsshat's case, is out of one hole into another.
It's so disheartening to think of what the Dodgers used to be, how little is left of them, and how much so many of the super-rich are willing to spend on it. Now, even the name on the stadium is probably going to disappear.
When you think of the Dodgers, you think of a well-run organization that is perennially competitive. You think of a gleaming cathedral/stadium filled with safe, happy, cheering fans, and set in a beautiful urban enclave. A smart owner who cares about every aspect of success. An organization that engenders loyalty and is the envy of the rest of MLB. Great players who take pride in being part of a great legacy. A farm system that is the model others try to emulate. A trail-blazing academy to discover and refine raw talent in the most remote locales. Proactive programs and investment in spreading the happiness of baseball around the world. A far-away spring training complex that seems like Shangri-La. A private aircraft that carries the team's goodwill to admirers and destinations far and wide. Broadcasts booming out over a clear channel beacon that you can pick up anywhere in the Western USA.
All of that is gone. The team is bankrupt, its people cloistered in retreat behind the stadium walls. The organization itself is comprised of outsiders with no connection to the legacy. The stadium is dangerous, decrepit, and surrounded by crumbling, dark, broken-glass covered asphalt controlled by the Number 1 villain in all of this. Soon, the name on the stadium will belong to somebody else.
There is so little left to save that rebuilding seems impossible. The strangers that want to sink billions into this empty, haunted shell can only be sharks or fools.
"You can say, 'XYZ Co.' They're all going to say 'Dodger Stadium,' " said Wagner, vice president at Cedar Fair Entertainment Co. I know I will.
Better idea buy parking lots and rename them with a corporate companies (like the airport in Vegas). This way you get rid of F. Mc Court and don't get the fans even more upset.
Didn't the angels call it "Chavez ravine stadium"? I thought the dodgers always called it DS.