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[UraMallas]

They had to pay the players and run the team. It isn't 600M profit.

They got much more than that out of it. They got revenue, too. Lots and lots of it. Especially with the ROOT sports deal.

 

[Angry Chair]

Now use that money for Tokyo Mirage Sessions 2.

How about no.

Since the turn of the century, the Mariners have had one good season - 2001. They were considered one of the greatest regular season teams in baseball history - didn't even make the World Series. Since then, they've been terrible. No playoff appearances since.

This year they do have a shot though. I actually think they'll sneak in via the Wild Card.

No way man, the Royals are coming in hot.

 

[Plum]

Now a proper Metroid can be made!

There's better chances of them buying the Mariners again than spending any of that money on Metroid.

 

[Torokil]

Never forget 2001

 

[Hero of Legend]

Here's a question. Did Nintendo pick the best time possible to sell, or could they have waited and gotten more?

 

[Elfforkusu]

Was this announced a few months ago, or am I thinking of another large public Nintendo investment they're cashing out on?

 

[UraMallas]

Since the turn of the century, the Mariners have had one good season - 2001. They were considered one of the greatest regular season teams in baseball history - didn't even make the World Series. Since then, they've been terrible. No playoff appearances since.

This year they do have a shot though. I actually think they'll sneak in via the Wild Card.

2001 was historic but the following two years they had the third best record in the league behind the two teams ahead of them in the division. After that, they've been irrelevant.

We might sneak in this year, though. I fucking hope.

 

[James Scott]

Here's a question. Did Nintendo pick the best time possible to sell, or could they have waited and gotten more?

This quarter is going to be garbage sales wise so it inflating the numbers before going into NX will at least make them look good.

 

[Matt]

They had to pay the players and run the team. It isn't 600M profit.

Nintendo owned the controlling interest in the team, but the organization made its own money. Nintendo wasn't the ones writing the checks to the players.

 

[SinCityAssassin]

That'll be good for more than 6 movies if they keep the film budget efficient.

They had to pay the players and run the team. It isn't 600M profit.

Owner =/= Manager

 

[dragonyeuw]

Today i learned Nintendo owned a Baseball team.

You and me both.

 

[PaulCRose]

That'll be good for more than 6 movies if they keep the film budget efficient.



Owner =/= Manager

Owner sets the payroll though.

 

[MegaManTrigger]

Owner =/= Manager

You realize the money comes from the owner right? Why do you think so many owners in sports leagues complain about player salaries? If you're focusing on the run part, then yes you have a point.

 

[SinCityAssassin]

Owner sets the payroll though.

The team's organization makes its own money and pays the players I thought.

 

[Leizt]

Far as I know they will use the money to buy/start an animation studio...

 

[James Scott]

That'll be good for more than 6 movies if they keep the film budget efficient.



Owner =/= Manager

Yeah, the average big budget animated film is around $120M not counting marketing so as long as they break even they can probably easily pay for around 5 movies

 

[antonz]

The team's organization makes its own money and pays the players I thought.

Indeed. Mariners generated 271 million dollars in revenue in 2015. Came out with roughly a 25.6 million dollar profit for the year

 

[zswordsman]

Fools, team will be worth more after we make it deep into the playoffs. Or maybe we're actually viable this year because Nintendo sold the team and lifted a curse.

 

[shira]

Nintendo owned the controlling interest in the team, but the organization made its own money. Nintendo wasn't the ones writing the checks to the players.

Really? They just let the city and the team pay for itself.

No wonder billionaires just buy these things. It's zero risk venture.

 

[antonz]

Really? They just let the city and the team pay for itself.

No wonder billionaires just buy these things. It's zero risk venture.

That is how every team works. TV deals, Ticket prices etc. pay for everything. Very few Teams go above and beyond what the team is capable of Generating. Typically only the Yankees are occasionally willing to spend more than they take in. Nintendo was decent in the fact that when the team made money they did not pocket the profits. There are owners out there that do the bare minimum and pocket all the extra cash.

 

[exmachina64]

Now a proper Metroid can be made!

NoJ doesn't care about Metroid.

 

[Tom Nook Sawyer]

They had to pay the players and run the team. It isn't 600M profit.

Unless the team was operating at a loss, this indeed would be pure profit, would it not?

 

[Tuck]

Damn thats a lot of money.

 

[18-Volt]

Is it me or Nintendo want to decrease their western presence? First I thought this was when they appointed Iwata as NoA CEO. I miss old days where NoA was almost separate entity, and had freedom to do whatever they want. Now we don't have CEO, Nintendo Power, Mariners... What's next? Fire Reggie, shut down NoA & NoE and go Japan exclusive? I bet it's one of their plans for the future.

I hope they won't sell Nintendo World Store too.

 

[Tripon]

Is it me or Nintendo want to decrease their western presence? First I thought this was when they appointed Iwata as NoA CEO. I miss old days where NoA was almost separate entity, and had freedom to do whatever they want. Now we don't have CEO, Nintendo Power, Mariners... What's next? Fire Reggie, shut down NoA & NoE and go Japan exclusive? I bet it's one of their plans for the future.

I hope they won't sell Nintendo World Store too.

Reggie was promoted to CEO of NOA.

I'm being serious here. You can't build your own narrative without at least checking the basic facts about a situation.

 

[Cormano]

Nintendo bailing out of the worst sport.

Everything is looking up for the big N.

You obviously never heard of American Football.

Mariners was the reason I rooted for them when I was a kid, plus Ken Griffey Jr, shame that he never won a World Series.

 

[Skelter]

Abbey Road Mirage Sessions #FE

FTFY

 

[Dark Cloud]

The made so much money from the Mariners. Such a bad team anyways lol

 

[Feffe]

Reading Yamauchi's entry on Wikipedia it looks like Nintendo never really cared about the Marines, it was more like a personal favour Yamauchi did to Seattle

In the early 1990s, the Seattle Mariners were available for sale and United States Senator Slade Gorton asked Nintendo of America to find a Japanese investor who would keep the club in Seattle. Yamauchi offered to buy the franchise, even though he had never been to a baseball game. Although the owner accepted the offer, the MLB commissioner Fay Vincent and ownership committee were strongly opposed to the idea of a non-North American owner and did not approve the deal. However, following the strong support and sentiments of the people of Seattle and press the commissioner formally approved the deal, under the condition that Yamauchi had less than 50% of the vote. This was a major development in American baseball, because this opened the gates for Japanese baseball players to American league teams, which had been previously denied. In 2000, the club made its first profit of $2.6 million since its acquisition by Yamauchi. Yamauchi never attended a Mariners game.

 

[SinCityAssassin]

Is it me or Nintendo want to decrease their western presence? First I thought this was when they appointed Iwata as NoA CEO. I miss old days where NoA was almost separate entity, and had freedom to do whatever they want. Now we don't have CEO, Nintendo Power, Mariners... What's next? Fire Reggie, shut down NoA & NoE and go Japan exclusive? I bet it's one of their plans for the future.

I hope they won't sell Nintendo World Store too.

Mainstream mostly forgets that Nintendo even OWNED this team. And they still have a good presence in the Mariners board, they just don't own the team anymore.

Just because they want to make more money from a PHILANTHROPIC GESTURE made in the early 90s doesn't mean they want to get away from the west.

I mean fuck dude, Baseball is HUGE in Japan, owning a baseball team in America would've been like a status symbol.

 

[UraMallas]

Reading Yamauchi's entry on Wikipedia it looks like Nintendo never really cared about the Marines, it was more like a personal favour Yamauchi did to Seattle

*Mariners

Yes, your statement is correct.

 

[Beartruck]

For real, the N64 ken griffey games were great games.

 

[entremet]

Lou Pinella had some nice teams when he was there. Some really nice players went through there--of course Griffey in his prime, Randy Johnson, Edgar Martinez, ARod, and obviously Ichiro.

 

[sikkinixx]

Hopefully ownership is in good hands. M's are a shitastic team but the ballpark is great and I love popping down across the border to see them play a few games a year.

 

[bunbun777]

M's are having a pretty good year and very close to the second wild card spot.

 

[styl3s]

You looked at these games in 1993-1994 and said "Nintendo owns stock in the Seattle Mariners"? Because when i look at these in my 10 year old eyes and now i just see an exclusive game series for Nintendo.

 

[18-Volt]

Reggie was promoted to CEO of NOA.

I'm being serious here. You can't build your own narrative without at least checking the basic facts about a situation.

I wasn't being serious and I know he is now. But still, I want the old, cool NoA back. Old NoA who had a MLB baseball team, its own magazine, an internet forum where fans gather, a Pokémon Center, freedom to go talk any third party they want... Things have changed the way I don't like...

 

[moffattron9000]

If my math checks out, that values the Mariners at 1.4 billion dollars. Goddamn is that an obscene amount of money.

 

[gdt]

If my math checks out, that values the Mariners at 1.4 billion dollars. Goddamn is that an obscene amount of money.

Owning a franchise is pure profit these days. They don't devalue.

 

[The Awesomest]

Deja vu or did we already have a thread on this?

 

[Thoraxes]

Deja vu or did we already have a thread on this?

It actually happened now, and we know how much.

 

[Mortemis]

If my math checks out, that values the Mariners at 1.4 billion dollars. Goddamn is that an obscene amount of money.

Sports teams are ridiculous nowadays. Especially if you're in a big market. The Seattle market is growing at a ridiculous rate too, by the time their next TV deal is done they'll be worth an even more obscene amount of money.

 

[whitemex88]

Today i learned Nintendo owned a Baseball team.

see also

 

[Diddy Kong]

That should be enough for Rare right ?

 

[thoseAREmySHOES]

I still remember a really old Nintendo Power section where someone wrote in asking why they stopped making Ken Griffey Jr. baseball games, and they joked about making a game called "Ichiro's Base Hit Frenzy" since Griffey was no longer with the Mariners. It was one of my favorite responses I'd ever read in that segment.

I dunno, this thread just made me think of it.

 

[daTRUballin]

Reggie was promoted to CEO of NOA.

I'm being serious here. You can't build your own narrative without at least checking the basic facts about a situation.

Reggie is now CEO? Is he still president as well?

That should be enough for Rare right ?

Don't do this to yourself, man. Don't do it.

 

[SalvaPot]

Payday has come.

Here comes the Nintendo Cinematic Universe.

 

[Gaspard]

Well darn that sets back the Nintendo is Doomed clock by about 10 minutes.

 

[JoeyJungle]

see also

Thought that was just paid advertising, no idea that Nintendo was a stakeholder in the Mariners!

Spoiler

Invest in MN United please, they just joined MLS officially on Friday

 

[Akim]

They were a terrible owner, but at least they kept them in Seattle.