League Baseball is a cartel, which is defined as a syndicate, combine or trust formed especially to regulate prices and output in some field of business.
Since MLB is a private corporation, it can make its own rules.
One of its rules is that team owners are allowed to gamble.
The George Steinbrenner family has been involved with thoroughbred breeding and racing operations for almost as long as Mr. George Steinbrenner owned the New York Yankees.
John Galbreath owned the Pittsburgh Pirates from 1945-85. He founded Darby Dan Farm and was active in breeding and racing horses.
Baltimore Orioles owner Peter Angelos breeds and races thoroughbred horses. He owns Ross Valley Farm in Baltimore County.
Does anyone ...
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