Dodgers' Luxury Tax

[ClassicO]

This is the reported wealth, etc., of the Cardinals' owners based on publicly available data.

The Cardinals' owners were reported by the STL Business Journal to be worth over $4 billion shortly after the team was purchased. https://www.bizjournals.com/stlouis/sto ... tory2.html .This post had a list of all the owners in 2002 and valued their worth at over $5B. http://www.stlbirdsonthebat.org/showthr ... ney-People

The Cards' ownership was reported to be the 3rd richest in MLB in 2023. https://sports.yahoo.com/18-richest-mlb ... hatgpt.com

DeWitt was a Wall Street financier (founder of the investment firm Reynolds DeWitt & Co., holding assets including U.S. Playing Card Co., Arbys, etc.), AB Exec, and former owner of the Cincinnati Reds, which was sold, earning him a huge profit.

The value of the Cardinals franchise itself (separate from DeWitt and the other owners’ personal net worth) is estimated at about $2.55 billion according to Forbes https://chatgpt.com/c/6951e882-c008-832 ... 778577fb25

Their Operating income (net profit) was $57 million as recently as 2024. https://www.forbes.com/teams/st-louis-cardinals/

[TheJackBurton]

This is the reported wealth, etc., of the Cardinals' owners based on publicly available data.

The Cardinals' owners were reported by the STL Business Journal to be worth over $4 billion shortly after the team was purchased. https://www.bizjournals.com/stlouis/sto ... tory2.html .This post had a list of all the owners in 2002 and valued their worth at over $5B. http://www.stlbirdsonthebat.org/showthr ... ney-People

The Cards' ownership was reported to be the 3rd richest in MLB in 2023. https://sports.yahoo.com/18-richest-mlb ... hatgpt.com

DeWitt was a Wall Street financier (founder of the investment firm Reynolds DeWitt & Co., holding assets including U.S. Playing Card Co., Arbys, etc.), AB Exec, and former owner of the Cincinnati Reds, which was sold, earning him a huge profit.

The value of the Cardinals franchise itself (separate from DeWitt and the other owners’ personal net worth) is estimated at about $2.55 billion according to Forbes https://chatgpt.com/c/6951e882-c008-832 ... 778577fb25

Their Operating income (net profit) was $57 million as recently as 2024. https://www.forbes.com/teams/st-louis-cardinals/

Right so if they are worth 4 billion, the team is worth 2.55 billion, then add in their real estate investments in ballpark village and the surrounding area at say 500 million, sounds like they would be worth about 1.5 billion.

How is ownership defined however? I have a hard time believe that 4 billion is the 3rd richest ownership group in MLB. the guggenheim group is worth multi-billions, the Steinbrenners are worth way more than 5 billion as the Yankees alone are valued at 7.5 billion so that doesn't get into the value of the YES network or their real estate holdings, Cohen is reportedly worth 21.3 billion, John Henry is worth at least 5.7 billion, and then you have the Phillies, the Astros and many others. I'd say the DeWitts are probably more in the middle of the pack in actual valuation now a days.

I'm not saying they are poor by any means, but they certainly aren't as well off as the top owners.

[ClassicO]

This is the reported wealth, etc., of the Cardinals' owners based on publicly available data.

The Cardinals' owners were reported by the STL Business Journal to be worth over $4 billion shortly after the team was purchased. https://www.bizjournals.com/stlouis/sto ... tory2.html .This post had a list of all the owners in 2002 and valued their worth at over $5B. http://www.stlbirdsonthebat.org/showthr ... ney-People

The Cards' ownership was reported to be the 3rd richest in MLB in 2023. https://sports.yahoo.com/18-richest-mlb ... hatgpt.com

DeWitt was a Wall Street financier (founder of the investment firm Reynolds DeWitt & Co., holding assets including U.S. Playing Card Co., Arbys, etc.), AB Exec, and former owner of the Cincinnati Reds, which was sold, earning him a huge profit.

The value of the Cardinals franchise itself (separate from DeWitt and the other owners’ personal net worth) is estimated at about $2.55 billion according to Forbes https://chatgpt.com/c/6951e882-c008-832 ... 778577fb25

Their Operating income (net profit) was $57 million as recently as 2024. https://www.forbes.com/teams/st-louis-cardinals/

Right so if they are worth 4 billion, the team is worth 2.55 billion, then add in their real estate investments in ballpark village and the surrounding area at say 500 million, sounds like they would be worth about 1.5 billion.

How is ownership defined however? I have a hard time believe that 4 billion is the 3rd richest ownership group in MLB. the guggenheim group is worth multi-billions, the Steinbrenners are worth way more than 5 billion as the Yankees alone are valued at 7.5 billion so that doesn't get into the value of the YES network or their real estate holdings, Cohen is reportedly worth 21.3 billion, John Henry is worth at least 5.7 billion, and then you have the Phillies, the Astros and many others. I'd say the DeWitts are probably more in the middle of the pack in actual valuation now a days.

I'm not saying they are poor by any means, but they certainly aren't as well off as the top owners.

I don't disagree with you on what I said was "reported" to be the third richest ownership back in 2023. I do think the Guggenheims (the article was when Walter owned the Dodgers) and Cohen should be well ahead. I didn't write the article. I just posted. They have Steinbrenner at $2.5 billion, which is still 2,500 million = a lot of money.
And again, the DeWitt's are only the primary owners in a larger group of owners that has been held a close secret. My suspicion is that the other owners are not poor.

[TheJackBurton]

This is the reported wealth, etc., of the Cardinals' owners based on publicly available data.

The Cardinals' owners were reported by the STL Business Journal to be worth over $4 billion shortly after the team was purchased. https://www.bizjournals.com/stlouis/sto ... tory2.html .This post had a list of all the owners in 2002 and valued their worth at over $5B. http://www.stlbirdsonthebat.org/showthr ... ney-People

The Cards' ownership was reported to be the 3rd richest in MLB in 2023. https://sports.yahoo.com/18-richest-mlb ... hatgpt.com

DeWitt was a Wall Street financier (founder of the investment firm Reynolds DeWitt & Co., holding assets including U.S. Playing Card Co., Arbys, etc.), AB Exec, and former owner of the Cincinnati Reds, which was sold, earning him a huge profit.

The value of the Cardinals franchise itself (separate from DeWitt and the other owners’ personal net worth) is estimated at about $2.55 billion according to Forbes https://chatgpt.com/c/6951e882-c008-832 ... 778577fb25

Their Operating income (net profit) was $57 million as recently as 2024. https://www.forbes.com/teams/st-louis-cardinals/

Right so if they are worth 4 billion, the team is worth 2.55 billion, then add in their real estate investments in ballpark village and the surrounding area at say 500 million, sounds like they would be worth about 1.5 billion.

How is ownership defined however? I have a hard time believe that 4 billion is the 3rd richest ownership group in MLB. the guggenheim group is worth multi-billions, the Steinbrenners are worth way more than 5 billion as the Yankees alone are valued at 7.5 billion so that doesn't get into the value of the YES network or their real estate holdings, Cohen is reportedly worth 21.3 billion, John Henry is worth at least 5.7 billion, and then you have the Phillies, the Astros and many others. I'd say the DeWitts are probably more in the middle of the pack in actual valuation now a days.

I'm not saying they are poor by any means, but they certainly aren't as well off as the top owners.

I don't disagree with you on what I said was "reported" to be the third richest ownership back in 2023. I do think the Guggenheims (the article was when Walter owned the Dodgers) and Cohen should be well ahead. I didn't write the article. I just posted. They have Steinbrenner at $2.5 billion, which is still 2,500 million = a lot of money.
And again, the DeWitt's are only the primary owners in a larger group of owners that has been held a close secret. My suspicion is that the other owners are not poor.

oh I know you were just posting the article and it's information, my apologies for making it sound like I was attacking you. I guess my overarching point is, even for the Steinbrenners they have to be doing some magical accounting because the Yankees alone are worth 7.5 billion, then there's the YES network and all their real estate.

You could easily label all of the owners "billionaires" because of their teams valuation, but I would imagine very few of them are actually nearly as liquid and cash flow like the Dodgers.