Bill Dewitt final statement

[Cranny]

What success business runs losses every year?

[Goldfan]

What success business runs losses every year?

What business is a century old civic entity with success based on winning or losing a sporting event……with a rabid fan base?
Attempting to equate owning the St. Louis Cardinals baseball team to an Arby’s restaurant chain is irrational.
Pro Sports is an ego buy that has no real correlation to Standard Business Motives.
And yes there are owners who just break even or lose money to WIN

[Cranny]

What success business runs losses every year?

What business is a century old civic entity with success based on winning or losing a sporting event……with a rabid fan base?
Attempting to equate owning the St. Louis Cardinals baseball team to an Arby’s restaurant chain is irrational.
Pro Sports is an ego buy that has no real correlation to Standard Business Motives.
And yes there are owners who just break even or lose money to WIN

Cards will do their best to compete with teams from much bigger markets, as they’ve done in the past. Just have to be masterful about it. Draft well, develop well, and fill holes from the outside as needed.

[OldRed]

What success business runs losses every year?

What business is a century old civic entity with success based on winning or losing a sporting event……with a rabid fan base?
Attempting to equate owning the St. Louis Cardinals baseball team to an Arby’s restaurant chain is irrational.
Pro Sports is an ego buy that has no real correlation to Standard Business Motives.
And yes there are owners who just break even or lose money to WIN

Cards will do their best to compete with teams from much bigger markets, as they’ve done in the past. Just have to be masterful about it. Draft well, develop well, and fill holes from the outside as needed.

That is true, but sometimes investments have to be made to keep competitive. If not, then sell the team.

[Youboughtit]

What success business runs losses every year?

What business is a century old civic entity with success based on winning or losing a sporting event……with a rabid fan base?
Attempting to equate owning the St. Louis Cardinals baseball team to an Arby’s restaurant chain is irrational.
Pro Sports is an ego buy that has no real correlation to Standard Business Motives.
And yes there are owners who just break even or lose money to WIN

Cards will do their best to compete with teams from much bigger markets, as they’ve done in the past. Just have to be masterful about it. Draft well, develop well, and fill holes from the outside as needed.

That is true, but sometimes investments have to be made to keep competitive. If not, then sell the team.

2022 the Cardinals payroll was $178m and they turned a $46m profit according to Forbes. This season the payroll was $128m and they only are projected to make $2m. Spending is how to create more profit. Not lowering payroll. Any successful business spends to sell a product

[Goldfan]

What success business runs losses every year?

What business is a century old civic entity with success based on winning or losing a sporting event……with a rabid fan base?
Attempting to equate owning the St. Louis Cardinals baseball team to an Arby’s restaurant chain is irrational.
Pro Sports is an ego buy that has no real correlation to Standard Business Motives.
And yes there are owners who just break even or lose money to WIN

Cards will do their best to compete with teams from much bigger markets, as they’ve done in the past. Just have to be masterful about it. Draft well, develop well, and fill holes from the outside as needed.

That is true, but sometimes investments have to be made to keep competitive. If not, then sell the team.

2022 the Cardinals payroll was $178m and they turned a $46m profit according to Forbes. This season the payroll was $128m and they only are projected to make $2m. Spending is how to create more profit. Not lowering payroll. Any successful business spends to sell a product

Any other business where the product declines or consumer(fans) doesn’t think its getting a fair return…..the consumer(fan) moves on to another provider. There is no attachment or deep family ties like there is with a civic Pro franchise. The owner has a different set of responsibilities to the city which has made the owner more wealthy than when he entered the partnership. And especially with a team like the Stl. Cardinals with the most WS wins in the NL. In 12 yrs between 2004-2013 the team went to the WS 4 times. With the extreme mismanagement and NOW the great reduction in payroll this is not acceptable and if BDW can no longer compete as he obviously did for 10 very successful years he should sell to a new owner who can and will.

[Cranny]

What success business runs losses every year?

What business is a century old civic entity with success based on winning or losing a sporting event……with a rabid fan base?
Attempting to equate owning the St. Louis Cardinals baseball team to an Arby’s restaurant chain is irrational.
Pro Sports is an ego buy that has no real correlation to Standard Business Motives.
And yes there are owners who just break even or lose money to WIN

Cards will do their best to compete with teams from much bigger markets, as they’ve done in the past. Just have to be masterful about it. Draft well, develop well, and fill holes from the outside as needed.

That is true, but sometimes investments have to be made to keep competitive. If not, then sell the team.

2022 the Cardinals payroll was $178m and they turned a $46m profit according to Forbes. This season the payroll was $128m and they only are projected to make $2m. Spending is how to create more profit. Not lowering payroll. Any successful business spends to sell a product

Any other business where the product declines or consumer(fans) doesn’t think its getting a fair return…..the consumer(fan) moves on to another provider. There is no attachment or deep family ties like there is with a civic Pro franchise. The owner has a different set of responsibilities to the city which has made the owner more wealthy than when he entered the partnership. And especially with a team like the Stl. Cardinals with the most WS wins in the NL. In 12 yrs between 2004-2013 the team went to the WS 4 times. With the extreme mismanagement and NOW the great reduction in payroll this is not acceptable and if BDW can no longer compete as he obviously did for 10 very successful years he should sell to a new owner who can and will.

And you think there are new owners just floating around out there that not only will come up with the debt and equity capital of over $3 billion, but also invest well above the revenue stream just to please you and others?
Good luck.

[NYCardsFan]

What success business runs losses every year?

What business is a century old civic entity with success based on winning or losing a sporting event……with a rabid fan base?
Attempting to equate owning the St. Louis Cardinals baseball team to an Arby’s restaurant chain is irrational.
Pro Sports is an ego buy that has no real correlation to Standard Business Motives.
And yes there are owners who just break even or lose money to WIN

Cards will do their best to compete with teams from much bigger markets, as they’ve done in the past. Just have to be masterful about it. Draft well, develop well, and fill holes from the outside as needed.

That is true, but sometimes investments have to be made to keep competitive. If not, then sell the team.

2022 the Cardinals payroll was $178m and they turned a $46m profit according to Forbes. This season the payroll was $128m and they only are projected to make $2m. Spending is how to create more profit. Not lowering payroll. Any successful business spends to sell a product

Any other business where the product declines or consumer(fans) doesn’t think its getting a fair return…..the consumer(fan) moves on to another provider. There is no attachment or deep family ties like there is with a civic Pro franchise. The owner has a different set of responsibilities to the city which has made the owner more wealthy than when he entered the partnership. And especially with a team like the Stl. Cardinals with the most WS wins in the NL. In 12 yrs between 2004-2013 the team went to the WS 4 times. With the extreme mismanagement and NOW the great reduction in payroll this is not acceptable and if BDW can no longer compete as he obviously did for 10 very successful years he should sell to a new owner who can and will.

And you think there are new owners just floating around out there that not only will come up with the debt and equity capital of over $3 billion, but also invest well above the revenue stream just to please you and others?
Good luck.

NM

[renostl]

What success business runs losses every year?

You are smarter than attempting to compare a major sport
franchise to a normal business.

What single sports franchise goes bankrupt and disappears or does the
next billionaire buy it up?
Odd that someone of such financial intelligence would buy a failed franchise.