The Sport of Baseball and the MLB
Baseball is not just a sport but a profit making industry and MLB knows this pretty well. Today any team joining MLB has to shell out a minimum of $130 million or above.
It was not the same in earlier days when owing baseball teams were the prerogative of wealthy sportsman. Later because of the financial interest, related businesses like breweries who were providing complimentary goods took on franchising. But since managing a base ball team is a full time job, it only would be done by an individual with sporting interest or by partners. No corporation was officially involved. Over years the ownership model has changed and today baseball teams are owned by conglomerates like AOL Time Warner, Disney, Chicago Tribune etc. Of courser there are also multimillionaires who take up baseball as a hobby and sponsors a team. Basically it is the tax benefit that attracts the conglomerates and multimillionaires for franchising MLB teams. The other advantage especially for media giants like Disney and Chicago Tribune is that they get the rights to broadcast the games which itself runs into millions of dollars. Also by depreciating the player’s salaries from their earnings (again this too runs into millions of dollars) the companies are able to get the tax advantage. Some of the best casino bonus can be found online, such as the rainbow riches website.