What happens when private equity meets baseball—and who actually pays the price?

In this episode of the Royals Rundown Podcast, hosts Jacob Milham and Jeremy Greco are joined by Jen Ramos Eisen for an in-depth conversation about the growing influence of private equity in minor league baseball and what it means for players, fans, and communities. Together, they unpack how ownership models are changing the economics of the sport, from player development and quality of play to ticket pricing and long-term sustainability.

The discussion takes a hard look at labor negotiations, including why tensions are rising between players and ownership, what a future salary floor could mean for competitive balance, and why every MLB team has the financial ability—but not always the willingness—to invest more in their product. Jen also challenges the long-standing “small market” narrative, explaining why geography often masks deeper financial realities.

The episode also explores the role of public funding in sports, questioning whether stadium deals and taxpayer investments truly benefit local communities or primarily serve ownership interests. With minor league teams increasingly treated as assets rather than community institutions, the conversation highlights the broader societal implications of modern baseball ownership.

Find Jen and their work at: https://jenramose.online/, https://bsky.app/profile/jenramose.online, https://placeholders.beehiiv.com/, https://defector.com/author/jen-ramos-eisen, https://objectivejournalism.org/author/jen-ramos/

Email Jacob directly at: [email protected]

Need your Royals fix? Head to royalsreview.com for news, analysis, and to engage with Royals fans around the world! Follow us online:

BlueSky
– Jeremy Greco: @hokius.fromthehawkseye.com
– Jacob Milham: @jacobmilhkc.bsky.social

Twitter / X
– Podcast: @RoyalRundownPod

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.