I woke up this morning to a discussion on Twitter about a hypothetical billionaire owner who could buy the Pirates, invest his life savings into building a winner, all while ignoring the financial losses year after year. The conversation stemmed from last night's article in the Trib about how Bob Nutting is "too rational". The article, written by Jeff Oliver, interviewed a former minority owner of the Pirates, Jay Lustig, who talked about some of the financial details with the Pirates. A few of the highlights:
**Lustig noted that Nutting was allocating the money properly, and running the business rationally, but mentioned that baseball is an irrational business.
**Lustig approached Nutting about selling to a multi-billionaire who was willing to come in and spend more money to see if the Pirates could win. Nutting refused, and that's ultimately why Lustig sold his shares.
**He also noted that any profits were put back in the team.
Tim is the owner and editor in chief of Pirates Prospects. He started the site in January 2009, and turned it into his full time job during the 2011 season. Prior to starting Pirates Prospects, Tim worked with AccuScore.com, providing MLB, NHL, and NFL coverage to various national media outlets, including ESPN Insider, USA Today, Yahoo Sports, and the Wall Street Journal. He also writes the annual Prospect Guide, which is sold through the site. Tim lives in Bradenton, where he provides live coverage all year of Spring Training, mini camp, instructs, the Bradenton Marauders, and the GCL Pirates.