When the Los Angeles Dodgers sold for $2.15 billion last year, the purchase price — 54 percent more than prevailing estimates — didn't just elevate the fortunes of the team's owners. It raised the valuations of every franchise in Major League Baseball. Bloomberg News spent nine months compiling and analyzing the numbers behind the business, and determined that MLB's 30 teams are worth about 35 percent more on average. Below, a breakdown of how the teams stack up.
Click here to see infographic
Tuesday, October 29, 2013
Monday, October 7, 2013
In Formula One, a Grip Not Easily Loosened
SPA-FRANCORCHAMPS, Belgium — The command center of the shimmering, multibillion-dollar road show that is Formula OneGrand Prix racing is an unobtrusive, gray-walled motor home known colloquially as the Kremlin.
Named for the iron-fisted rule dispensed from its bland leather sofas, the Kremlin sits parked at the heart of a crowded paddock that is the base for teams like Red Bull, Ferrari, Lotus, Mercedes and McLaren. It can be easy to miss amid the gourmet restaurants and wine-stocked bars of the teams’ palatial hospitality centers, but none in the paddock dispute that the Kremlin and its elusive tenant — the 82-year-old Englishman Bernie Ecclestone — remain the nerve center of racing’s Billionaires Row.
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