BMO Issues Money Ball All-Star Break Report

- BMO's Harris Private Bank Report examines relationship between payroll and performance in Major League Baseball - Toronto Blue Jays' $75 million payroll suggests a .496 winning percentage - Tale of two teams in Chicago: White Sox punching above their weight; Cubbies struggling this year

(firmenpresse) - TORONTO, ONTARIO and CHICAGO, ILLINOIS -- (Marketwire) -- 07/13/12 -- BMO Financial Group's Harris Private Bank today released a financial analysis of Major League Baseball's winners and losers at the unofficial half-way mark of the 2012 season.(i)

"Major League Baseball is the closest thing to a free market in sports," said Jack Ablin, Chief Investment Officer, Harris Private Bank. "Large market teams have financial resources to attract and cultivate the best talent and build the best rosters. While the wealthiest teams in the American League generally have the best winning percentages, the National League is pretty much up for grabs so far this year."

Hot on the heels of baseball's annual all-star game in Kansas City, Mr. Ablin's Money Ball All-Star Break report examines whether money can buy a winning team. Here are his top winners and losers of the 2012 season so far, based on payroll and performance:

American League:

Winners

Losers

National League

Winners:

Losers:

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $525 billion as at April 30, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

Get the latest BMO press releases via Twitter by following (at)BMOmedia.

(i)Team win/loss records are as of the completion of games on July 7, 2012

(ii)All amounts in US $



Contacts:
For any media inquiries
and/or for a full copy of the report, please contact
Amanda Robinson, Toronto
416-867-3996


Jim Kappel, Chicago
312-461-2478

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 13.07.2012 - 13:30 Uhr
Sprache: Deutsch
News-ID 165110
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contact information:
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TORONTO, ONTARIO and CHICAGO, ILLINOIS

Kategorie:

Commercial & Investment Banking

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