Jeffrey Loria is one of the most criticized owners in sports.
He owns the Miami Marlins baseball team, and despite his enormous wealth, the team’s payroll was just over $35 million at the start of the 2013 season, per Newsday. Only the Houston Astros had a lower payroll.
Marlins fans have been hoping that Loria will someday invest his wealth into the product on the field, but instead, the team has traded away most of its high-paid stars over the last few years, including former All-Stars Jose Reyes and Josh Johnson. As a result, the Marlins have finished in last place in the NL East for three straight years.
Loria, who’s also an art collector, according Bloomberg, recently sold a 1954 painting for almost $33 million at a New York art auction. By selling one painting, the 72-year-old could fund almost all of his team’s player salaries.
Marlins supporters will hope that Loria puts some of this money into his team, but judging by his many poor decisions as owner of the franchise, baseball fans in Miami shouldn’t be optimistic.
Thumbnail photo via @Local10Sports
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