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.
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(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