The Important Baseball Statistics
Baseball is all about statistics. Hits, strikeouts, errors, on base percentage, earned run average. These revealing numbers cause a fan to smell a beer, hot dog, and pretzel and feel the sun on their skin in a June afternoon in a ballpark. But some statistics sooth owners: team value, revenue, profit. Forbes Magazine puts out a report of valuations of baseball teams every year before opening day. As baseball has no real shareholders other than the owners, it is not as much data for the investor as fuel for those who consider baseball a greedy monopoly and enjoy getting up a good head of steam about it. I suppose I'm one. The magazine estimates the value of every team based upon four basic categories: the value of the team's stadium: are there lots of ways to sell beer, hot dogs, and expensive seats? the value of the team's brand: how are the t-shirt sales? the value of the team's market: how much money do the locals have to blow on beer, t-shirts, and expe