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-- -- right now somebody out there apparently got a lot of money to burn.
Because the Los Angeles Dodgers were sold for a record two point 15 billion that sounds.
Crazy to me.
Let me be -- Karl we'll tell me otherwise is sports business analyst president Charles sports ventures and -- got a piece on foxnews.com.
In the op Ed section.
Let them group Magic Johnson -- -- -- Peter -- Hollywood you know what I wouldn't whenever.
Big big big guy in Hollywood two point 15 billion dollars is it worth it.
Why because a few years from now you could turn around and sell -- for three point 15 billion or whatever.
You know is -- police -- -- -- that there's only want this is the similar kind of situation you're selling hope and the other side.
The look courts drove the franchise into the ground when you think of it 96%.
Of the seats.
Prices were reduced this year they -- attendance fell a record seventy and a half percent last season what's the reward.
A two and half two point one billion dollar franchise sale the largest ever Steve Ross -- the Miami Dolphins for one point one.
Billion a few years ago this trumps that by out billions of dollars go figure.
So OK some people understand.
It did two billion dollar deal for the actual franchise and then another 150 million was created in a joint venture with -- -- still.
For the real estate around -- so basically that's like the parking lots so.
What it is a parking guy so you know he has a joint venture the parking and there's also 400 million dollar cash payment as well which is duck.
Effectively -- a seeking funds for improvements.
Okay fine so but you made some great points attendance hits its worst down seventeen point 6% last season.
It was the team team's worst year in in and -- -- here since 1992.
As you mentioned ticket prices were down 96% of the seeds -- it's just.
It's dancing like a lose lose unless you get some rock star players INS -- did coming that you can -- for three million.
Rock star television contract about to be done fox or otherwise it's huge that is very important.
Rock star market the Dodgers remember where the brand before ever protocols and angels may be took it over.
Rock star players are rock star renovation of Dodger Stadium which still has to happen now -- -- -- -- -- -- money to do it.
But there is all upside here if that's what the sale was all about.
Yeah I suppose you read about that it is.
We are coming on the Major League baseball's opening season opening soon what are we welcome for anything new in different.
Yeah well upset all assembled as far as -- a great economic model and -- value from last year rose 16%.
The most a long time.
The average value of a Major League Baseball team is over 605 million dollars obviously to dodgers' sale does not hurt that.
And the industry analysts predict the aggregate TV revenue on an annual basis.
Could exceed one point five billion dollars by 2015.
So the bottom line of all of this more teams are sinking money into payrolls.
Gone are the days of the 4050 million dollar payroll.
Only beat cadres in some extent NEA's with payrolls under ninety million dollar even the -- over -- hundred million dollar -- well.
If you buy those players you guarantee hope you don't guarantee yourself playoffs and World Series.
But you guarantee you know.
Yet -- -- certainly do what's really interesting is the TV revenue angle on this whole thing you know what's funny.
This is the last then you out there that people required to be live.
Everything else you can DV RU PT no you can do it every one -- -- sporting events.
It deemed it needs to be glad I don't want to taped gamer at a -- I -- the scoring know what happens.
And so as a result I guess could see the opportunity is rape and will always be there.
Well the bottom line this is -- television with playback with 3-D yeah with the whole.
Help panoply of great stuff.
It makes it harder for people to get off their couches and going games what does that mean that meet people who are generating excitement at the ballpark got to be even more creative and so it's a better -- experienced.
For everybody and you're absolutely right Major League Baseball and all sports are the world's ultimate reality TV shows could you never ever ever know I was gonna turn.
And then -- no -- wants to -- that's for sure.
I I realize that the NFL was the only major sports league that did not allow casinos casinos -- -- -- -- -- on the gay.
Yeah because there was this purest attitude it's likely will be gone pretty soon.
You revenue streams may get to three million dollars a year per team for casino sponsorships.
Major League Baseball as -- scratch off lottery games the Red Sox yankees a lot of teams basketball hockey follow suit the NFL owners will agree.
The video a hundred billion dollars wagered legally or illegally.
It is an idea probably whose time has come to -- the casinos.
To sponsor ads done the Chinese while you're not gonna be allowed to gamble and stadiums to be short but I think a lot of steps you can do short.
All of just capitulated to the casinos say got a haven't.
Mark my words -- happened very very very very very very soon.
That's really wild -- a -- of the hunger games because.
I -- I don't know lot about it my kids are too young for this movie I absolutely no interest in seeing -- but you're saying it's really good timing for the Olympics.
Well here's the deal first a lot of 55 million dollars in its opening weekend so up.
You know post apocalyptic world where -- hunting any reality TV showed -- I saw it and it so you better pre prepared to be depressed but nevertheless.
Archery equipment by the way up 20%.
As a consequence of the hunger games.
And the Olympic tickets for the -- -- events which will be held at lord's cricket ground in London.
Are going from 67 dollars to 230 dollars so it -- that the US archery association had them on an interview last week.
Very excited about what the hunger games does to draw attention.
To -- ambulance.
You got to be kidding me.
Yeah there you -- you don't find that everywhere you.
No I don't dumbfounded.
See you tell me that this movie -- sparked interest in this sport that generally gets absolutely no attention.
Like gets a little bit of attention from being archer pure -- and out it sparking more interest from the mainstream.
And look you know all the enemies you create I wouldn't go about making -- you're had to be -- bad be very careful about you -- holding your cynicism to people.
Whose instruments are allowed -- we've been.
That is a valid point I will give -- that I would give on that but man oh man I mean under our -- at the -- time yeah.
I hate to have an appearance last January and -- -- trade association's annual show any big.
Seller and you and I both know -- Under Armour is somewhere in the -- -- -- year.
You're right my -- will only -- Under Armour -- wanna talk to me about ninety.
-- I don't need.
That they can pay Kentucky Kansas tonight -- Kentucky.
I mean -- and again.
-- -- -- Later will have later we'll talk you great -- rob -- -- next -- But the news outcome -- -- and -- op Ed section Newcomb well in sports events there.
President -- sportsmanship she's a great.
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