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Tuesday, July 26, 2011

Lew "Boob" Wolff: Loser, Loser Loser!

The Oakland Athletics are wallowing well below five hundred right now with no realistic hope of winning their division or anything else. The A's are a low payroll team and as such do not have much of a chance. The Major League Baseball revenue sharing and the luxury tax exist in order to enable teams such as this to become competitive. The MLB collective bargaining agreement states that this money must be used, “in an effort to improve its performance on the field.” Some team owners do not honor this requirement and just apply these funds to their profits. The ownership of the A's, led by Lew “Boob” Wolff, is among them. They take the Yankee money and stuff their pockets, meanwhile a valuable local asset degrades and fans are cheated.


This is reminiscent of the 1991 movie OTHER PEOPLE'S MONEY with Danny DeVito and Gregory Peck in which a corporate raider finds a small public company with a large cash balance and a low stock price. He figures he can pocket the cash, sell off equipment and other parts of the company and then fire most of the workers. This not only eliminates jobs but destroys an asset of the community. The corporate raider is investing, but not creating anything much the same way that Boob Wolff invests in the A's, but his only interest is in cashing MLB checks and maybe using the team as the center piece of a real estate deal. In other words, he invests without creating anything and he should be investing to create a World Series champion.

Many say the baseball is a business and to an extent this is true. However, in many ways the ownership of a sports franchise is a wealthy man's plaything. You spend your money and you get your ring. From this perspective, the best owners in the Bay Area are the Haas family and Eddie DeBartolo. Even Charlie O. Finley and Al Davis, both scumbags, can at least point to trophies. Boob Wolff is a complete loser and the rest of the MLB ownership should be ashamed for allowing him to own a major league club.

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