What Does Politics Have to do with Owning a Baseball Team?
I loathe George Soras, but this is really petty of Republican Congressman Tom Davis (via Roll Call):
Three months into their inaugural season, the Washington Nationals are in first place. Attendance is strong, hopes are high, and the team is reportedly turning a tidy profit.
But to some Capitol Hill Republicans there is a dark cloud on the Nats' horizon: the potential that their newly adopted home team could be purchased by billionaire financier George Soros.
Earlier this month, Soros joined an ownership bid being led by entrepreneur Jonathan Ledecky. Their group is one of more than a half-dozen angling to take over the Nats, who are currently owned by Major League Baseball.
In addition to being a well-known currency speculator and philanthropist, Soros is also known in political circles for having pumped more than $20 million in the last cycle into groups seeking to unseat President Bush and elect Democrats.
While the Soros-Ledecky group is not seen as the frontrunner to win the bidding for the Nationals, who should be awarded to their new owner at the end of the 2005 season, the very prospect that Soros could have a stake in the team is enough to irritate Congressional Republicans.
"I think Major League Baseball understands the stakes," said Government Reform Chairman Tom Davis (R), the Northern Virginia lawmaker who recently convened high-profile steroid hearings. "I don't think they want to get involved in a political fight."
Davis, whose panel also oversees District of Columbia issues, said that if a Soros sale went through, "I don't think it's the Nats that get hurt. I think it's Major League Baseball that gets hurt. They enjoy all sorts of exemptions" from anti-trust laws.
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