Summary
These American sports businessmen are top operators, as fans of Liverpool and Manchester United know. But for an example of financial management that makes Malcolm Glazer look like Warren Buffett it's to the Wall Street Journal we turn.
The paper analysed details of an astonishing deal signed by the New York Mets baseball team in 2000. From next year, they will pay right fielder Bobby Bonilla $1.19m a year for 25 years. Bonilla is 47 and has been retired since 2001.See the full content of this document
Extract
The Sports Diary
Ten years ago the Mets wanted the chronically underwhelming Bonilla off the payroll. Bu...
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