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    Home » Why The Seattle Mariners Are Ripe To Be Sold
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    Why The Seattle Mariners Are Ripe To Be Sold

    SPNW StaffBy SPNW StaffApril 16, 2012Updated:October 8, 201212 Comments3 Mins Read
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    Mariners Safeco Field,
    The Seattle Mariners are not for sale, but if they were, it wouldn't be hard to figure out why. / Photo by Julia Akoury Thiel

    The Seattle Mariners are not — repeat NOT — for sale. But they could be soon, or in the not-too-distant future — for a variety of reasons outlined by Baseball Prospectus, which describes the Mariners as the major league franchise ripest for unloading. Again, the Mariners ARE NOT on the market, but could be for the following reasons:

    • The owners are in financial distress, at least compared to their previous positions.
    • The majority owner, Hiroshi Yamauchi, has reached his mid-80s (84) and took a financial bath less than a year ago when Nintendo stock, of which Yamauchi is the largest shareholder, halved in value.
    • The team’s largest minority owner, Chris Larson, is going through a costly divorce. Baseball Prospectus says Larson needs the money from a Mariners’ sale to cover the cost of the divorce.
    • The Mariners have a manageable — and attractive (especially when contrasted with the Rangers and Angels) — payroll at $82.1 million.
    • The Mariners’ 10-year TV contract with ROOT Sports has an opt-out provision in 2015, and the Mariners would leave to new owners the right to negotiate a new TV deal, which figures, according to Baseball Prospectus, to be in the $2 billion-plus range, up from the current $450 million over 10 years.
    • Based on the recent sale of the Los Angeles Dodgers for $2.15 billion, which closes in two weeks, the Mariners could be sold for an estimated $750 million, more than the $550 million listed by Forbes as well as the $641 million value placed upon the club by the judge overseeing the Larson divorce. Yamauchi/Nintendo own 55 percent of the club, and Larson 30 percent.
    • While the Mariners have no competition for sponsorship dollars other than the Seahawks/Sounders, they could have competition from NBA and NHL franchises if San Francisco hedge fund manager Chris Hansen is successful is his attempt to build a $490 million arena near Safeco Field in Seattle’s SoDo district.

    In addition, current Mariners ownership has retrenched by shedding payroll (making a buy more attractive), and even going so far as to not to make a long-term commitment to a potential successor for the late broadcaster Dave Niehaus.

    Finally, the Mariners have been unable to reverse a negative trend since 2002 of dwindling attendance.

    In 2002, the Mariners led the American League at 3,542,938, following their wildly successful, 116-win season of 2001. In 2011, following a string of losing seasons, the Mariners drew just 1,896,321, the nadir in the history of Safeco Field, and the main reason the franchise declared a $7.3 million loss for fiscal 2011.

    Mariners’ owners may have zero intention to sell, now or ever. But if they did, now is the time.

    [polldaddy poll=6142893]

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    12 Comments

    1. Jonathan Hibbs on April 16, 2012 12:22 pm

      Bring on Mark Cuban.

      • Artthiel on April 16, 2012 2:43 pm

         Frank McCourt is available. So are the Wilpons.

      • Bruce Kitts on April 17, 2012 8:50 am

        Mark Cuban is the Miguel Olivo of potential buyers –0 for 3, getting out-bid in Chicago, Texas and Los Angeles.  We’ve already had a rich guy who didn’t like to spend money — George Argyros.

        • jim on April 17, 2012 10:34 am

          Cuban is one funny cat. If he sold the Mavs to buy the M’s and be a part owner of the next Seattle basketball team, that’d be OK by me.

    2. Jonathan Hibbs on April 16, 2012 11:22 am

      Bring on Mark Cuban.

      • Artthiel on April 16, 2012 1:43 pm

         Frank McCourt is available. So are the Wilpons.

      • Bruce Kitts on April 17, 2012 7:50 am

        Mark Cuban is the Miguel Olivo of potential buyers –0 for 3, getting out-bid in Chicago, Texas and Los Angeles.  We’ve already had a rich guy who didn’t like to spend money — George Argyros.

        • jim on April 17, 2012 9:34 am

          Cuban is one funny cat. If he sold the Mavs to buy the M’s and be a part owner of the next Seattle basketball team, that’d be OK by me.

    3. RadioGuy on April 18, 2012 7:44 am

      I appreciate what the Nintendo folks have done to build up the Mariners over the years (people should never forget what shape the franchise was in when they bought it), but it may be time to let the team go and bring in new owners.  If it means cancelling the Chuck & Howie Show, I’m all for it.

    4. RadioGuy on April 18, 2012 6:44 am

      I appreciate what the Nintendo folks have done to build up the Mariners over the years (people should never forget what shape the franchise was in when they bought it), but it may be time to let the team go and bring in new owners.  If it means cancelling the Chuck & Howie Show, I’m all for it.

    5. Dinobot6x on July 26, 2012 6:12 pm

      my only question  is who wants to buy the team? .

    6. Dinobot6x on July 26, 2012 5:12 pm

      my only question  is who wants to buy the team? .

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