The Falling Canadian Dollar Could Be A Major Roadblock In Any Montreal Bid For Another MLB Franchise
Chuck Booth (Owner/Lead Analyst): Follow @chuckbooth3024
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The Canadian Dollar is in a free-fall against the American greenback. I woke up this morning to see that to buy a US $1, it now cost $1.263 Canadian dollars. Effectively that means any club in Canada is at 26.3% Luxury Tax before the season even starts, because the team pays out player salaries in USD, while the money brought in is Canadian currency.
So often people forget that the Montreal Expos problems became occurring not only as the 1994 Player Strike/1995 Lockout fanbase was angry at the MLB, with some of them never to return, but also a sagging loony.
At its worst price, was a 0.62 cent buck vs the USA back in the mid-90’s. With the oil prices being what they are, this has serious ramifications for any impending groups of people wishing to bring back baseball to Montreal, Quebec, Canada.
The Expos left after the 2004 season, and in some ways it is a total injustice. Perhaps no other franchise has been affected more by the two biggest work stoppages than the Montreal had been.
The 1981 Player strike happened when Montreal was filling Olympic Stadium to the tune of 2 Million Fans per year, and the young nucleus of players such as Andre Dawson, Tim Raines, Gary Carter, Tim Wallach and Warren Cromartie were leading the charge to an uprising NL squad.
Of course everyone remembers “Blue Monday’s” HR to knock the Expos out of the 1981 playoff chase. The 1979 – 1994 teams carried out 12 out of 15 winning seasons, and possessed one of the greatest semblance of a drafting organization ever. Read the rest of this entry