Investment Banker Turns Bonds’ 700th Home Run Into Business Opportunity

I’m sure a lot of people are going to think that Michael Mahan is a jerk or worse, but I kind of admire his scheme to profit off of Barry Bonds’ 700th home run,

Investment banker Michael Mahan spent nearly $25,000 buying tickets for two games against the San Francisco Giants (search) at Dodger Stadium next month.

. . .

Mahan, 28, originally bought the right-field tickets six months ago at the group-discount rate of $3.50 — but now he’s selling them for $15 each.

He has also required every ticket buyer to sign an eight-page contract compelling them to hand over to him any Bonds home run ball they might catch. He would then sell the ball and split the money evenly with the fan who caught it, according to the contract.

The only people in the right-field pavilion free of legal constraints at the two games will be Mahan’s parents, two sisters and 8-year-old brother.

Sounds like a scheme that The Great Brain would have come up with.

Source:

Dodgers Fuming Over Fan’s Scheme to Catch Bonds’ 700th Home Run. Associated Press, September 16, 2004.

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