Dodger Stadium Concession Workers Threaten An All-Star Strike

Among the owners of Major League Baseball’s 30 teams, 24 are billionaires. For decades they have complained that labor costs — particularly players’ salaries and pensions, but also the stadium workers who park cars; sell hot dogs, beer, peanuts and T-shirts; clean the stadiums; show fans to their seats; and provide security — have undermined baseball’s finances. Yet since 2011, the teams’ average value has tripled — from $523 million ($680 million in today’s dollars) to $2.1 billion.

Mark Walter, the founder and CEO of Guggenheim Partners, a Chicago-based investment company with over $310 billion in assets under management, has a personal net worth of $3.7 billion. In 2012, Walter and his partners purchased the Los Angeles Dodgers for $2.15 billion in cash — a record cash amount for any sports franchise. The team is now valued at $4.1 billion, according to Forbes magazine.

The post Dodger Stadium Concession Workers Threaten An All-Star Strike appeared first on PopularResistance.Org.

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