Jeffrey Loria is a Greedy Pimp
Yahoo! doesn’t do a lot right, but one thing of theirs I like is their sports portal. Today, they ran a story about the greedy pimp that owns the Florida Marlins, Jeffrey Loria.
To summarize that article a little bit (though you should still read it because it goes into other atrocities that I am not summarizing here), Loria and team president David Samson concealed $48.9 million in profits from Miami-Dade county commissioners which prompted the commission to fork over more cash for the team’s new stadium. Of course, this extra taxpayer money doesn’t grow on trees; it comes at the expense of services and jobs being cut so the Marlins can have a 58 foot aquarium behind home plate that Loria could have paid for if not with his team’s profits that he covered up, then certainly with the hundreds of millions that he has accumulated over the years. No doubt part of this money was “earned” with the same greedy, deceitful tactics that he used to stick working class taxpayers with the bill for his new stadium that he will surely profit wildly from.
This guy is the anti-Robin Hood. He’s the rich guy stealing every last penny he can from the working class even if it means lying to their elected representatives. Forget indicting him. Miami-Dade county taxpayers should be rioting in the streets.
What’s also alarming in the article is that county commissioners earmarked funds for the new Marlins stadium without ever seeing the team’s balance sheet. Basically, Loria and Samson lied to them saying they had $48.9 million less than they really did, and the county said, “oh okay, well we believe you and since you will leave Miami if we don’t build this new stadium for you, we will rape our taxpayers without their consent and give you what will amount to billions of dollars over the next several decades to build this new stadium.”
Got your picket signs and flaming clubs out yet, Miamians?
If not, try to look at it from this perspective: Miami-Dade county is cutting some 1,200 jobs this year, no doubt some of which could have been saved if that greedy pimp Loria didn’t need to add another few million to his net worth by hiding profits from the county to ensure that taxpayers forked over the lion’s share for the new stadium. So directly because of this guy’s greed and need for an extra piece of expensive artwork, there are people out there without work, there are kids out there in larger classroom sizes since the county has cut funding, and there are taxpayers who will be spending $1.2 billion in the next 37 years to pay off a loan of $91 million. And that only amounts to just 22% of their total financial commitment to the stadium!
But I’m sure in a few years Loria will announce that he’s donating most of his net worth to charity and everyone will praise him for what a great philanthropist he is. When that day comes, let’s all try to remember that the only way he ever got that money in the first place was by being a greedy, low-life pimp.
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Hello dear miami citizens
We are very happy that this operators is no longer in our town of Montreal. But dont worry when he leaves he takes everything with him and you end up only with the bills unpaid and 30 years of interests to pay on the loan he was awarded under your name !
Mike
Well said. One thing Loria doesn’t control is his name dot com. http://jeffreyloria.com/
Ouch.