IPO for MLBAM? not so fast.

Posted on July 22nd, 2009. Written by Emmett Jones.

Yes, I realize that’s a lot of acronmyns in a post title.  What gives?  MLBAM (Major League Baseball’s Advanced Media) CEO Bob Bowman sat down with Jim Cramer (of the extremely crazy CNBC show Mad Money) to discuss the future of MLBAM.  And the one thing that can easily be taken away from the interview?  MLBAM will not be going public anytime soon.  Via PaidContent,

CNBC’s Jim Cramer rarely does Mad Money interviews with execs of companies that aren’t public but the MLB.TV fan and subscriber made an exception Tuesday afternoon with MLBAM CEO Bob Bowman. The two are far from strangers—they went to Harvard together—but they are far apart on one subject: the future for MLB’s digital arm. Cramer thinks it should go public. Bowman is far from ready. He told Cramer: “There’s only two reasons to go public: You need capital or you’re trying to pay people off who’ve invested. We don’t need capital. We have patient owners, we have long-viewed owners and it’s really helped us make us where we are by being private so I don’t think you’ll see us public for a long, long time.”

You can’t help but agree with Bowman’s logic.  MLBAM doesn’t need capital and it wouldn’t be hard to foresee investors willing to be patient with BAM when they are utilizing cutting edge technology to do things no other sport is doing.  Video, again courtesy of Paid Content is below.

Paid Content — MLBAM’s Bob Bowman Tells Jim Cramer: No IPO for a long time

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