Forbes does Hatchet Job on the Marlins

Forbes released its annual evaluations of MLB teams. Here is the link to the Marlins:

#24 Florida Marlins - Forbes.com

In the section called "The skinny" they do a real hatchet job.

The Marlins are scheduled to move into their new, $515 million ballpark by the beginning of the 2012 season. The team is contributing only $155 million of the domed ballpark's financing, with taxpayers funding the rest.

First off, the Marlins are on contributing more than most teams have done in the past for a new stadium. The word "only" is deliberately misleading. Not to mention the Marlins are financially responsible for all construction overruns.

Second if they mean by "tax payers" they are referring to people who pay hotel and entertainment taxes, then that would be correct, but they aren't. They write as if it is an increase in taxes on all citizens of South Florida. It's not. Of course that is assuming you don't stay in hotels on the weekend. But if you do, you are chipping in.

Next, we get this from them.

Forbes has been showing for years that the Marlins have been among the most profitable teams in baseball, but politicians who voted for the publicly financed stadium said they were surprised to learn that the team was making so much money after the Marlins' financial documents were leaked. Owner Jeffrey Luria had been lining his pockets with money he has gotten from the league's revenue-sharing system instead of signing good players.

Dude, the name is spelled Loria, nice job of research.

Also Forbes has gotten it wrong  over the years concerning the money the Marlins made. We went over this when the documents were leaked.

Marlins Financial Statement

Maybe if Forbes hired a writer who knew something about finance or accounting or economics we wouldn't have to read this crap. But really, what do you expect from an organization that cheerleaded investment banks selling mortgage backed derivatives?

It pains me to no end to defend Loria, but wrong is wrong.

Oh, here is Forbes complete list on the value of MLB teams. If you care.

The Business of Baseball, 2011

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Fish Stripes

You must be a member of Fish Stripes to participate.

We have our own Community Guidelines at Fish Stripes. You should read them.

Join Fish Stripes

You must be a member of Fish Stripes to participate.

We have our own Community Guidelines at Fish Stripes. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9351_tracker