First in a pair of stories about how to own a MLB franchise
The Frank McCourt Story…Or as we like to call it: Eleven easy steps to buying a major league baseball team, using it as your own personal piggy bank, drawing the ire of an entire adopted city, abandoning your marriage, making a billion dollars free-and-clear and retiring as a parking lot owner, just as you started.
By Andrew Pridgen
1) Team up with your wife and her family’s money and run a commercial real estate firm out of Boston. Purchase a 24-acre parcel of a derelict rail yard in South Boston and turn it into 2,000 parking lot spaces. Tout its eventual development as one that would open a re-energized corner of the city and bring millions of taxable revenue to a dead-end part of town. Make sure you tie it up in court so long that it never happens.
2) Attempt to buy a major league baseball team in your…
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