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Cardinals named MLB’s 10th-most valuable franchise

Published

2 years ago

March 25, 2023

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ST. LOUIS – A new report from Forbes ranked all 30 MLB teams in value with some mixed meanings for the St. Louis Cardinals.

The Cardinals were ranked the league’s 10th-most valuable franchise heading into the 2023 season, though dropped three spots in rankings from one season ago.

The Cardinals franchise is worth $2.55 billion this year compared to $2.45 billion last year, according to Forbes. That marks an increased value of nearly 4%, which is the second-lowest among 2022 postseason squads and lower than the average 12% rise in value among MLB teams.

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Perhaps the biggest setback for the Cardinals in these rankings is the recent bankruptcy filing of Diamond Sports Group, the entity that owns TV broadcast partner Bally Sports Midwest. The Cardinals had been on contract to make $1 billion through 2032 from their latest TV deal that took effect in 2017.

The bankruptcy filing puts the Cardinals at risk of having that TV contract restructured or downgraded, though operations have proceeded as usual with Diamond Sports owned-RSNs for now ahead of the new season.

That said, the Cardinals have grown from nearly $820 million in value to $2.6 billion over the past decade with an upward trend each season. Forbes reports a team operating income of $43 million for the upcoming season, higher than the past two campaigns.

Forbes offered the following insight on the Cardinals:

“Cardinals fans have long been among the most loyal in MLB, consistently placing the Cards in the top five teams when it comes to attendance. As it turns out Cardinals’ fans help the franchise have an impact on their city. A report from Greater St. Louis, Inc., Explore St. Louis, and the Downtown Engagement and Public Safety Initiative estimated the Cardinals would have an economic impact of over $300 million on the city. The Cardinals, like many teams are now doing, opened Ballpark Village in 2014, an entertainment site right next to the stadium that consists of bars, restaurants and activities to engage fans outside the stadium. The report states that Busch Stadium and Ballpark Village were responsible for slightly less than half of the estimated $300 million via direct impact, and that visiting fans would account for the other half, thanks to hotel stays, restaurant visits and general tourism.”

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Man attacks Jeff Co. deputy with screwdriver during attempted arrest

Published

1 year ago

July 11, 2023

Natural Bridge

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JEFFERSON COUNTY, Mo. – Two people are behind bars after a man reportedly attacked a Jefferson County deputy with a screwdriver during an attempted arrest over the weekend.

Prosecutors have charged Nicholas Davis, 47, and Amanda Davis, 45, of Dittmer, Missouri, with felonies in the investigation.

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The alleged attack followed a traffic stop of a driver in the 9500 block of Jones Creek Road on July 7, though the driver was not Nicholas or Amanda.

According to court documents obtained by FOX 2, Nicholas reportedly came out of his nearby home, yelled at a deputy and started approaching him while holding a screwdriver. The deputy initially ordered Nicholas to back away, then used pepper spray.

Per court documents, the deputy attempted to arrest Nicholas, who then struck him in the chest with the screwdriver. Amanda reportedly approached the deputy and pulled him away from Nicholas before both ran inside their home.

The Jefferson County Sheriff’s Office says the situation prompted an hours-long standoff involving negotiators, a SWAT team and a K-9 deputy. The situation led to Nicholas refusing warnings and being bitten by a K-9.

Nicholas and Amanda are both jailed in the Jefferson County Jail without bond. Nicholas is charged with first-degree assault on a special victim and armed criminal action. Amanda is charged with resisting/interfering with arrest.

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St. Louis Public Schools superintendent to be sworn in

Published

1 year ago

July 11, 2023

Natural Bridge

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ST. LOUIS — The new St. Louis schools superintendent will be officially sworn into office today. Dr. Keisha Scarlett took over the job in July after the retirement of Dr. Kelvin Adams. She was assistant superintendent in the Seattle Public School District. The installation ceremony is at 6:15 p.m. before the regular school board meeting.

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Gas tanker crashes into St. Louis Metro transit center

Published

1 year ago

July 11, 2023

Natural Bridge

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ST. LOUIS — A gasoline tanker truck crashed into a Metro transit center near Riverview and Hall Streets early Tuesday morning and knocked over a power pole. The pole is leaning on other power lines. Police have the area blocked off here because there is a downed power line. Ameren and Metro crews are also on the scene.

The incident happened around 12:30 a.m. It’s still unclear exactly what caused the crash, but we do that there was a second vehicle somehow involved. The airbags on that second vehicle did deploy.

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Police at the scene have not been able to give us a lot of details. Metro officials tell FOX 2 that the transit center here is operating this morning for passengers and buses. Access to certain areas will be limited here as clean up unfolds.

A Metro spokesperson says half of the station isn’t being used right now because of safety issues. It isn’t impacting overall bus operations, everything is just happening on the other side of transit center.

The extent of the damage to the actual transit center is still unclear, but I’m told it does not appear to be extreme. A Metro spokesperson tells me there were no injuries to any metro workers or passengers. The tanker driver also was not injured.

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