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Baseball: Milwaukee Brewers for Sale

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posted on Jan, 17 2004 @ 10:13 AM
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In what was the greatest announcement to long-time Brewers fans Wendy Selig-Prieb formally announced yesterday at 3 P.M. central time that the Brewers are on the market. The team estimated to be worth between 180-240 million dollars by Forbes is said to be on the market for the 1st time since the Brewers were brought back to Milwaukee from Seattle.

The new owner will get a team with a low payroll, a top 5 farm system and will recieve upwards of 20+ million in debt relief over the 1st 5 years he/she owns the team. The new stadium in Milwaukee makes moving the team nearly impossible because of a "Iron Clad" lease agreement with the city of Milwaukee on the public financed Miller Park.




posted on Jan, 17 2004 @ 10:16 AM
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who will be willing to put up a lot of money to buy a team that isnt that good.

Would the person buying the team have to pay 180 million dollars?



posted on Jan, 17 2004 @ 10:24 AM
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From what I am hearing is that the team is looking to sell between 120-150 million dollars.

The Brewer's believe it or not are probably one of the most attractive teams to buy in MLB. They have a great new stadium, a top 5 minor league system, no long-term contracts for the new owner to be stuck with and city that is dying for new life to be put into the team. If you look at the numbers (attendence wise) when the Braves played in Milwaukee in the 50's the city of Milwaukee outnumbered all other teams in terms of attendence. The reason I believe that was , was because the team was good and constantly good. If we can get a owner who will put players on the field and give this team a chance to win then Milwaukee could once again become a major player in the baseball arena. The new owner gets a hefty bonus in the debt area which is estimated at 105 million currently. Over the next 5 years the new owner would get MLB deductions of 5 million/year towards debt reduction. Not to mention any new owner would get massive tax breaks. Also with revenue sharing raised and the low payroll the Brewers currently have, it would allow any owner to come in and basically do whatever he wanted to.


TRD

posted on Jan, 17 2004 @ 05:54 PM
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To be honest that's not alot of money for a baseball team,by the description you gave they have alot going for them,if they get the right investors they could turn around the money debt in the 5 years.So i guess we have to watch out for the brewers in the next few years then.



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