Last year, local taxpayers provided Leonsis with $515 million of taxpayer money to purchase and renovate the arena. Washington, DC, an area that was deep into an economic crisis last year and still is this year, gave a man with a net worth of $4 billion that amount of money? In fact, why on earth is DC buying the arena? Oh, that is right..."so Leonsis and his partners won't have to pay taxes on the…
Read More The Tampa Bay Rays are responsible for all cost overruns and have one of the cheapest and worst owners in all sports. So, it would make sense that Sternberg could be getting nervous and is trying to find any way possible to get out of this deal. One of the Rays team presidents, Silverman, not that long ago stated how the current deal may not be good for the Rays “in the context of Major…
Read More The Minnesota Twins love playing in Minnesota. Team representatives talked to local media this week and brought up their desire to play in the state for “decades to come”. In fact, the team wants to put pen to paper to stay at their current ballpark until 2059! In return, the team doesn't want anything big or flashy. They just want a lot of taxpayer money given to them every single year. No big deal.
Read More The city of Richmond at this time was dealing with “revenue shortfalls” that “forced (public) schools to cut millions of dollars … forcing scores of layoffs, furloughs and other job cuts”. What better time to help out a billionaire sports owner. That year, the Washington Redskins (Commanders will be used from now on) announced that their training camp would move 100 miles south to Richmond in the following year, 2013. The agreement states that summer…
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