They want to renege on the deal made in March because they are greedy bastards.
You may call them greedybastards. I expect the truth is that they are fighting for their survivals and for most, baseball is a small part of it.
The Pohlad Companies have a major interest in many businesses. Two of the largest are United Properties and auto dealerships. Has anyone checked how many cars have been sold of late?Well, in Minnesota it is either none or very few. No one knows when those businesses will return to normal, whatever normal in the future is.
Another major company is United Properties. Do you know that United has a major investment in senior housing? With most of the deaths in Minnesota coming from senior, nursing and assisted living housing, they are faced with a nightmare working to combat the virus attacking and killing many of their residents [I don't know if any of these have occurred in housing owned by UP].Regardless of any deaths, the costs they are facing are huge as they battle these outbreaks in this type of housing.As for the rest of United Properties holdings, don't know how many tenants in commercial buildings aren't paying rent, but it doesn't take many to turn a profit into a loss.As for their hotels, expect they are closed with no income and lots of continuing expenses.
That's the world those greedy bastards are in today.Thanks to Sconnie, we know that their average ticket price last year was $57.If they have zero fans in the stands during the last half of the normal season they would lose more than a 1,000,000 fans.So their revenue will be reduced by at least $57,000,000 for those 41 games.That doesn't take into consideration the other revenue related to those games that will also be lost, such as concessions.Yes, they won't have their normal game day expenses, however, they will have a lot of new expenses related to dealing with the virus and keeping the players as safe as possible.
I believe I have seen that their revenue last year was around $250,000,000...someone can get this exact number.So half a season would have been $125,000,000.The $57,000,000 plus other game day income is probably at least half of their normal revenue.I don't know how to respond to those who believe it is realistic, much less fair, to expect them to lose half of their revenue yet pay 100% of their largest cost, player salaries.
Like every small, medium and large company in America, the Pohlad Companies are fighting a battle to both deal with the effects of the virus as well as the survival of their businesses.I pray that they and the other owners will be realistic in dealing with the players.However, the players also have to understand that the world has changed and be fair in their dealings with the owners.If neither side is prepared to be reasonable, we won't have baseball.Personally, I am running out of books to read and really want to turn on the tv and see the Twins play whomever.