If you’re a baseball fan, you already know that the ground shook last week when the Detroit Tigers signed slugger Prince Fielder. His nine-year, $214 million contract cost the Tigers as much as Ford plans to spend on a new engine plant in Brazil.
But Crain’s Detroit Business says the Tigers — and Detroit — can afford the former Milwaukee Brewers star.
That word comes from Chris Ilitch, the son of Tigers’ owner Michael Ilitch, and the president of Illitch Family Holdings, Inc., the family’s group of companies that includes pizza giant Little Caesar’s Enterprises.
Those companies, including the Tigers, the Detroit Red Wings, and Detroit’s Motor City casino, generate about $4 billion in annual revenue.
In 2010, the latest year for which information is available, the Tigers had annual revenue of $192 million, according to Forbes.com. Continue reading “Prince Fielder’s Economic Impact for Detroit — and Milwaukee”