Criticism begins as Florida Marlins rake in about $48 Million in profit – taxpayers are said to be feeling duped into paying for the new Marlins stadium

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I didn’t write this article, but something does smell fishy (no pun intended) about the new Marlins stadium deal. Well, a couple days ago it was reported that due to their frugal spending, the Marlins ended up with the most profit this past year compared to the rest of their MLB counterparts. The owner said that most of the money is going towards the new stadium that the City Of Miami is nearly footing 2/3rds of the bill for. Read below…

(Yahoo Financial) – The swindlers who run the Florida Marlins got exposed Monday. They are as bad as anyone on Wall Street, scheming, misleading and ultimately sticking taxpayers with a multibillion-dollar tab. Corporate fraud is alive and well in Major League Baseball.

A look at the leak of the Marlins’ financial information to Deadspin confirmed the long-held belief that the team takes a healthy chunk of MLB-distributed money for profit. Owner Jeffrey Loria and president David Samson for years have contended the Marlins break even financially, the centerpiece fiscal argument that resulted in local governments gifting them a new stadium that will cost generations of taxpayers an estimated $2.4 billion. They said they had no money to do it alone and intimated they would have to move the team without public assistance.

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