Marlins Franchise Value & Future: Still Work to be Done

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Transcript

00:00 Sports professor Rick Horowitz of the 1.3 trillion dollar business of sports

00:07 with your sports news minute. Lone Depot Park home of the Marlins about 500

00:13 million dollar construction price. 12 years ago hard to believe Bruce Sherman

00:19 buys the team in 2017 for a billion two now worth at all accounts about a

00:24 billion dollars according Forbes and others 30th in value. The average

00:29 franchise 2.6 billion. A lot of work to do here quite clearly I part of this

00:35 whole deal to build this facility believing in the market the Latin market

00:40 the baseball market. So what's happening? Well two World Series Caribbean series

00:45 here excitement if a team is competitive on the field. Bottom line there is no

00:51 question that a market of six million people can support Major League Baseball.

00:56 Question is cyclically how long does it take to come back? Bruce Sherman is

01:01 betting it's not going to take long.

01:04 (upbeat music)

01:07 [BLANK_AUDIO]