TORONTO, ONTARIO and CHICAGO, ILLINOIS — (Marketwired) — 07/16/13 — BMO Financial Group-s Harris Private Bank today released its annual financial analysis of Major League Baseball-s winners and losers at the unofficial half-way mark of the 2013 season.
“Major League Baseball is the closest thing to a free market in sports,” said Jack Ablin, Chief Investment Officer, BMO 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.”
With baseball-s annual all-star game taking place in New York tonight, Mr. Ablin-s Moneyball All-Star Break report examines whether money can buy a winning team. Here are his top and bottom performers of the 2013 season so far, based on payroll and performance:
American League:
The Top:
The Bottom:
The Toronto Blue Jays are in the middle of the pack – at least for payroll, but are underperforming at the plate.
National League
The Top:
The Bottom:
To access the report, please visit: or contact .
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 $555 billion as at April 30, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.
Contacts:
Media Contacts:
Rachael McKay, Toronto
(416) 867-3996
Jim Kappel, Chicago
(312) 461-2478
Ronald Monet, Montreal
(514) 877-1873
Laurie Grant, Vancouver
(604) 665-7596
Internet:
Twitter: @BMOmedia