In a shocking turn of events, the Marlins are dumping their entire payroll. I haven't heard anything about the federal investigation into the stadium deal. Anyone else? I'm going to search.

Giancarlo Stanton ‏@Giancarlo818
Alright, I'm pissed off!!! Plain & Simple

Deadspin

http://deadspin.com/5960332/the-miami-m ... socialflow

7-24-12

By CHARLES RABIN AND KATHLEEN MCGRORY
The Miami Herald
A 2½-year investigation by federal authorities has concluded that the city of Miami misled investors about the city’s financial health as it sold hundreds of millions of dollars worth of bonds dating back to 2007.
A two-page letter sent by the Securities & Exchange Commission and received by the city late Monday said the agency may seek fines or a court order against the city for violating federal laws.
The city will write a response letter arguing that the charges are not warranted, city officials said Tuesday.
Miami Mayor Tomás Regalado said he was relieved to have the probe coming to an end.
“We keep paying for the sins of the past,” Regalado said. “But we have taken many, many measures to avoid anything like this from happening in the future.”
A separate SEC investigation into government bonds issued for the Miami Marlins ballpark is still ongoing.
The SEC investigation that is wrapping up dates back to 2009, when The Miami Herald found that city financial officials had moved $26.4 million from the capital budget into the general fund. The move gave the appearance of a balanced budget immediately before a bond issue needed to finance improvements to city streets and sidewalks.
Around the same time, then-Internal Auditor Victor Igwe issued a report blasting the city for “inaccurate and misleading” budget practices. Igwe lost his job after the audit was published, and has since filed a whistleblower complaint.
SEC investigators combed through thousands of budget documents, memos and emails in the 30 months that followed, and Miami shelled out more than $1.4 million defending itself.
The SEC last probed Miami’s finances in the late ‘90s. Investigators concluded the city had defrauded bond buyers by glossing over problems with the budget, and forbade city officials from doing so again.
Similar allegations were at the center of the latest SEC investigation — and the ongoing probe into the bond issue used to finance the Marlins ballpark. Investigators want to know if investors were misled, and if the elected officials who championed the project were improperly influenced.
The stadium deal has befallen a great deal of scrutiny, partly because the city and county covered 80 percent of the project while the Marlins franchise will likely make most of the profits. At one point, it seemed Miami would have to pay $1.2 million in property taxes for the parking garages at the ballpark — an expense that would have threatened the city’s ability to meet its debt obligation.
State lawmakers exempted Miami from the tax in March.

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I meant this year.

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Andy Glockner ‏@AndyGlockner
The Marlins got $409M in public funding (on false pretense) that will cost the city $2.4 BILLION to pay off. #jail #fraud

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There are plenty of people writing about this garbage. Here's Passan.

http://sports.yahoo.com/news/marlins-tr ... blame.html

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Loria basically said he traded all of those guys because they are a bunch of losers who came in last place -- so why keep them, if the best they can do is last?

Koko B. Ware, Goldberg, and Bushwacker Luke have been sent to the Angels for prospects and cash.

Report: Marlins to host 'Legends of Wrestling Night'
By Matt Snyder | Baseball Writer
July 18, 2013 11:24 am ET

Marlins owner Jeffrey Loria, checking out his mostly-empty stadium.

The Miami Marlins will do just about anything to get fans to the ballpark -- that is, other than putting a winning team on the field.

The latest, according to Maury Brown, is a "Legends of Wrestling Night" on Aug. 24, when the Marlins host the Rockies.

Brown reports that Bill Goldberg will throw out the ceremonial first pitch and the following wrestling legends will be part of the event: Bret "The Hitman" Hart, Jim "The Anvil" Neidhart, Greg "The Hammer" Valentine, Jimmy "Mouth of the South" Hart, Koko B. Ware, Brutus "The Barber" Beefcake, Bushwhacker Luke and more (full list on bizofbaseball.com).

So, South Florida fans of The Hart Foundation should be excited.

The Marlins average 17,416 fans per game, ranking last in the majors in attendance despite playing in the newest stadium in Major League Baseball. It was built using hundreds of millions of dollars of public funding -- tax dollars used to purchase bonds -- though, so at least owner Jeffrey Loria isn't hurting, right?

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I can't fathom why Selig hates guys like Cuban, but gives compete shitheads like Loria a chance to own 2 different franchises

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1926-1931-1934-1942-1944-1946-1964-1967-1982-2006-2011

Cuban spends money. Loria doesn't, unless it's someone else's, like the taxpayers'. Why do you think Steinbrenner was hated while Reinsdorf was allowed to consolidate power?

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The Marlins recalled OF Jake Marisnick and OF Christian Yelich from Double A.

Marsnick (22) was acquired this past off season in the blockbuster trade with Toronto and Yelich (21) was their 2010 1st round pick. The Marlins probably want to get them some major league experience so they can trade them this off season. God I hate this fucking team.

Who wrote these thoughts?

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