This action led to the loss of goodwill from their fans. You'll always "win" those trades, collecting young, cost-controlled talent from teams chasing present-day dreams. I write blogs, which, considering where youre reading this, makes perfect sense. And I'll let those statements speak for themselves.". The latter served as the president of Miami Marlins from 2002 to 2017. All it takes to run this scheme forever is to not care too much about winning. Samson declined comment to USA TODAY Sports when asked about a potential sale agreement. It set a new sales record in 2013. If the Quebec government is willing to build an arena for the return of the Nordiques, they should be open to building a Montreal downtown stadium, Routtenberg said. We should have limited Lorias ownership potential before bringing him in, not allowing him to reach two-thirds and the ability to move the team. "Our family has been friends with Jeff Loria for over 30 years, been in business together, and even owned a AAA baseball team together," Kushner's son-in-law, Joseph Create an account or sign in to continue with your reading experience. Moreover, Jeffrey Loria quickly reaped the success after Marlins got a victory in the2003 World Seriesby beatingNew York Yankees. 1 reason for the demise of Canadas first Major League Baseball team. Moreover, Samantha has tied the knot withJeffrey Neal Mizrahi. Thus, accordingto Celebrity Net Worth,Jeffrey Loria's net worth amounts to $500 million. Additionally, she received her master's degree in child psychology from Yeshiva University. Besides that, the art lover also makes money from his painting sales. He current weight is 76 kg. Samson declined to comment. Currently involved in the apparel brand Bench in North America, Routtenberg admits hes been approached about bringing independent or minor-league baseball back to Montreal. Don't ever doubt Derek Jeter, were among the last teams in baseball to even build an analytics department, the farm that feeds the rest of the league's front offices. Is Kelly McGillis' Ex-Husband Fred Tillman Still A Restaurateur? The Age of Jeffrey Harold Loria is 82 years old. He would turn a large profit after 15 years of losing, petty controversies, public outrages, personnel churn and strange baseball decisions. Go ahead to check the details. His father worked as a lawyer, and this them to lead a comfortable living. He initially bought theOklahoma City 89ersin 1989. He used to be the owner of Washington Nationals, which used to be called Montreal Expos. Ex-Marlins owner settles sale dispute for $4.2M, Predicting when this year's top prospects will make their MLB debuts, Spring batting averages, runs up amid shift limits, Royals sign ex-All-Star Bradley Jr. to minors deal, Guardians prospect Valera exits with hand injury, Boston's Sale on track to pitch in game next week, MLB prepares for possibly broadcasting 17 teams, Tatis: Shoulder, wrist '100%' in return to play, Machado envisions 'great things' with Padres, A dad's hunt for an Orioles prospect's unique baseball card, 'It's about being smarter': How Carlos Correa is approaching his future after wild offseason, Fantasy baseball: Impact of bigger bases on steals, Ohtani 'satisfied' with pitches, clock in spring start, O's, Pirates play ump-less bottom of ninth inning, Song, in Phillies camp, knows challenges ahead, Fantasy baseball rankings for 2023 points leagues, Do Not Sell or Share My Personal Information. The dealer has made numerous sales throughout his career. The Kushners remain interested in purchasing a team and would love to buy the Marlins at another time.". Anyone can read what you share. The biggest one came after the 1994 season was wiped out by a players strike when the Expos had the best record in baseball. Submit a correction suggestion and help us fix it! Major League Baseball offers much more exposure for a city than the National Hockey League.. His father is the director of trading at CPM Group, a precious metals and commodities consulting and asset management company in New York. Harvey Weinstein is Film Producer from Flushing, New York, USA. Soon after, Loria ended up with 94 percent of the team at a valuation of $50 million. We are going to provide some of his personal life informations here which could be your point of curisity. Jeffrey Loria won't read this -- he clearly doesn't care what people think of him. Henry would then purchase Miami-Dade County will receive $3.637 million, or 87% of the settlement, and the city of Miami will receive $563,000, according to terms outlined on the county website. Would I love baseball to come back to Montreal? Jeffrey Loria was born on 20th November 1940 in Manhattan in New York. The beauty of physical stats, their height, weight, eye color has always followed the others. The payment stems from the $1.2 billion sale of team by Loria in 2017 to Derek Jeter and his ownership group. Samantha Gabrielle Loria, the daughter of Sivia and Jeffrey Loria of New York, was married last evening to Jeffrey Neal Mizrahi, a son of Lona and Ralph Mizrahi of Oceanside, N.Y. The next issue of NP Posted will soon be in your inbox. Check the following table to get more information.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[580,400],'thepersonage_com-medrectangle-3','ezslot_3',103,'0','0'])};__ez_fad_position('div-gpt-ad-thepersonage_com-medrectangle-3-0'); Is the age of Jeffrey Harold Loria is a mystery to you? Let check the table below to know about marital status and other information. His territory is protected from competition within the industry. I am not sure if we would support independent-league baseball.. It is common that, salary and asset change over time. The Miami Herald reports: About $280 million in debt that lowered the profits from the $1.2 billion sale, plus an agreed-to underlying value of the franchise of about $625 million, based on it getting more valuable each year. He married his second wife, Julie Lavin Loria, in 2007, and they live in their home in New York, and other times they shift to their home in South Florida. section: | slug: jeffrey-loria-reportedly-sharing-no-profits-from-marlins-sale-with-miami-dade-county | sport: baseball | route: article_single.us | Please try again. Being born on 20thNovember 1940, Jeffrey Loria is 82 years old as of todays date 2nd March 2023. Absolutely, he said. The fact that he took out insurance against any potential litigation, in retrospect, was a telltale sign.. Read more about cookies here. The art lover is also a businessman at heart. How much money does his make? MLB commissioner Rob Manfred said in a news conference Thursday that the league's role is to OK sales once they're agreed to. We are looking forward to hearing from you. Furthermore, these failed attempts made Jeffrey Loria the most hatedperson in the Baseball world. Jeffrey Loria is a successful man who worked very hard to earn his living. "The World Series?" He later went for his higher education at Yale University, where he made art history. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'thepersonage_com-box-4','ezslot_15',105,'0','0'])};__ez_fad_position('div-gpt-ad-thepersonage_com-box-4-0'); Have you ever thought about Jeffrey Lorias net worth? Eivind Furnesvik Biography - Norwegian Art Dealer. The settlement follows months of negotiations. Unauthorized distribution, transmission or republication strictly prohibited. Meanwhile, the league has an incentive to lift such "small market" teams as Loria's out of perpetual despair. Here I am also doing the same. The county will receive $4.8 million, and the city of Miami will receive $700,000 under terms approved Wednesday. Photo Source: Social Media. Jeffrey Harold Loria is an American who is also known as Jeffrey Loria in the field of his profession. "OK," Loria said, verging on impatient. We apologize, but this video has failed to load. But the answer's obvious: a franchise that, apparently, makes money no matter what, and the best job in the sport. We try to show the recent one. After graduating, he was employed at an art-buying program that dealt with sears, which had been started by Vincent Price. MIAMI Former Miami Marlins owner Jeffrey Loria reached a lawsuit settlement to reimburse local government $4.2 million for the cost of building Marlins Park, which opened in 2012. (1:59), Kushners to nix Marlins bid if Loria ambassador, Predicting when this year's top prospects will make their MLB debuts, Spring batting averages, runs up amid shift limits, Royals sign ex-All-Star Bradley Jr. to minors deal, Guardians prospect Valera exits with hand injury, Boston's Sale on track to pitch in game next week, MLB prepares for possibly broadcasting 17 teams, Tatis: Shoulder, wrist '100%' in return to play, Machado envisions 'great things' with Padres, A dad's hunt for an Orioles prospect's unique baseball card, 'It's about being smarter': How Carlos Correa is approaching his future after wild offseason, Fantasy baseball: Impact of bigger bases on steals, Ohtani 'satisfied' with pitches, clock in spring start, O's, Pirates play ump-less bottom of ninth inning, Song, in Phillies camp, knows challenges ahead, Fantasy baseball rankings for 2023 points leagues, Trump passes on filling out NCAA tourney bracket, Sources: Kushner part of group seeking Marlins, Report: Loria has agreement to sell Marlins, Do Not Sell or Share My Personal Information. But fire sales are what former Expos limited partner Mark Routtenberg points to as the No. The businessperson also has stepchildrenNancy SamsonandDavid Samsonfrom his first marriage. The Marlins' current owners also declined to comment but have contended the suit had nothing to do with them. After two years, he had 93 percent of this team worth $50 million. Last week, Forbes and The Associated Press reported that Loria has a preliminary agreement to sell the team for about $1.6 billion to a New York businessman, but the deal could fall through because the final purchase price hasn't been determined. He convinced Miami-Dade County commissioners to fund the bulk of his new ballpark costs, then gutted his major league roster after the first season there. He is an emerging Art dealer and author at present. I was fooled, Routtenberg said. He was heavily criticized for violating baseball protocol by switchingJose FernandezandRicky Nolascoin 2013. WEDDINGS/CELEBRATIONS; Samantha Loria, Jeffrey Mizrahi, https://www.nytimes.com/2004/08/22/style/weddings-celebrations-samantha-loria-jeffrey-mizrahi.html. The players didnt feel like they were going to win. Jeffrey Loria Biography 2023 - Art Dealer And Former Montreal Expos Owner. There's a problem with that excuse: Those attendance figures we just cited aren't the Marlins' at all. Jeffrey Loria's daughter,Samantha Gabrielle Loria,is a graduate of Yale. They later divorced in 2005 for reasons which have not been disclosed. Photo Source: Social Media. Subscribe now to read the latest news in your city and across Canada. Jeffrey Loria reportedly sharing no profits from Marlins' sale with Miami-Dade County It's about the least surprising thing that Loria has done in recent years By Kevin Celebrities physical status is one of the most important things for the fans. Loria bought 24 percent of Montreal Expos for $18 million, where he was appointed as the managing general partner. The bridegroom, also 24, is an analyst in New York with the media investment-banking group of Credit Suisse First Boston. However, county officials had to learn that one last time, the hard way. Every economic and competitive force in the game exists to keep teams like Loria's from ruin. To me, Montreal is a big-league city, he said. Eventually, some billionaire will. MIAMI -- Former Marlins owner Jeffrey Loria reached a lawsuit settlement to reimburse the local government $4.2 million for the cost of building Marlins Park, which opened in 2012. The Miami-Dade County commission approved the deal after Loria agreed to a last-minute increase in the amount. It was Lorias passion for baseball that initially impressed Routtenberg. I am a journalist by profession. "Sherman never would have closed on his deal if the county had asserted itself before.". Public money covered more than three-fourths of the $634 million cost for Marlins Park. The average major league team, according to Forbes, is worth 59 percent more than it was two years ago. 3:27 pm ET, Unsigned FA Jurickson Profar to play in WBC, Orioles, Pirates play final half-inning without umpires, MLB hires three to ramp up 'local media' department, Report: Padres sign Rougned Odor to minor-league deal, 10 MLB positional battles ahead of Opening Day, How the Dodgers can replace Gavin Lux after injury, Dodgers SS Gavin Lux tears ACL, will miss entire season. Routtenberg says it pained him during the 1990s to see all-stars like Grissom, Walker, Moises Alou and Pedro Martinez traded away or not re-signed. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Loria has received various awards in his career. He later put up his art dealing business called Jeffrey H. Loria & Co. when he was 24 years. Aforementioned, Jeffrey Loria began his art career right after his graduation. There was an error, please provide a valid email address. Yahoo! In 1965, at the age of 24, he opened his private art dealing business, Jeffrey H. Loria & Co., on Manhattan's Upper East Side and wrote a book, "Collecting Original Art". But, suddenly, Jeffrey Loria's wife, Sivia Samson, filed for divorce in late 2005. Almost immediately after coming on board in December 1999, Loria wanted to raise the Expos payroll, issuing the first of the now infamous cash calls. Do you want to know about Ria Banerjee. "It's outrageous," Braman said, per The Herald. "They gonna do it," he said. Loria to reimburse govt. The date of birth of Jeffrey Loria is 20th November 1940. However, Loria's lawyers have found a loophole that will get Loria off the hook for any revenue sharing at all. Moreover, Sivia always took her husband's side despite having a bad image in the sports industry. He decided to reiterate some demand so that he could acquire a new park for the Expos and replace Olympic Stadium. By all these information you can clearly know about this person. The value of weight can be changed anytime. Finally, however, Loria demanded more funds for the project. This advertisement has not loaded yet, but your article continues below. When he was growing up, he loved to play baseball and played his first game before the age of ten at New York Yankees. Jeffrey then became the owner of Montreal Expos in 1999. As a result, they couldn't land a television and English-speaking radio deal for the Expos in 2000. Loria's lawyers sent a report that showed how those expenses came out. Since 2007, every team but the Astros has won more games than the Marlins. He graduated from Brown. Jeffrey Harold Loria is him real name. Loria, 80, bought the Marlins for $158.5 million in 2002 and became unpopular because of his frugal ownership and perennially losing teams. He also owns sports franchises such as Miami Marlins, which plays baseball, which earns him some amount of his income. MLB columnist Jeff Passan joins the Dan Le Batard Show to make the case Marlins owner Jeffrey Loria is the worst owner in sports. Public money covered more than three-fourths of the $634 million cost for Marlins Park. Access all of our expanded, online-only, subscriber exclusive opinion writing. Here you will get Jeffrey Wayne Richmond's height, weight, net worth, girlfriend,. American actress Kelly Ann McGillis performs on stage. He named his general manager the manager -- a highly unusual show of highly unusual faith -- then, when that didn't work, he fired him outright five months later. Jeffrey Loria was born November 20, 1940 in New York City and raised in Manhattan where he took an early interest in baseball, attending his first New York Yankees game in the late 1940s. After acquiring Marlins, Loria won his first world series. "Our role in control-interest transfers is to approve those transfers once a deal has been struck," Manfred said. 1. Despite drawing fewer fans, Cleveland's payroll has been, on average, nearly $20 million higher than the Marlins' over the past four years. In 2002, Loria sold the Expos to Major League Baseball for $120 million and bought the Florida Marlins from John Henry for $158.5 million. Loria hard-balled the county, and Miami-Dade wanted to keep the Marlins. Earlier Wednesday, the New York Post reported that Loria is being considered for the position, with White House Chief of Staff Reince Priebus pushing for his nomination. Norman Braman was adamantly against the team funding a new ballpark, and he said that the county should have intervened long before Derek Jeter and Bruce Sherman were negotiating a deal for the team. So, the art dealer decided to invest in a sports team. He owns a 1/30th share in a resource that never loses its scarcity. The business mogul increased the broadcast rights' fees of the Montreal Expos. Web"Our family has been friends with Jeff Loria for over 30 years, been in business together, and even owned a AAA baseball team together," Kushner's son-in-law, Joseph Meyer, said in a Jeffrey Loria was called the reason behind the downfall of Montreal Expos. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. 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With delays in Quebec Citys bid to build a new arena, even the most optimistic baseball fan in Montreal would have a hard time seeing a new stadium or local major-league owner on the horizon. Her mother is also an art dealer in New York. But Loria could deduct team debt, certain expenses and taxes tied to a sale, and county officials and team executives privately predicted Loria wouldn't agree to give up any of his revenue from the October sale to Derek Jeter and partners. So, let's go through Jeffrey Loria's career and personal details in this biography. He said all the right things, how Montreal was close to New York for him, how he speaks French because of his art dealings in France, how he loved the game of baseball. You will get the full biography of Jeffrey Loria here. Photo Source: Social Media. Loria previously reached a "handshake agreement" to sell the ballclub to Charles Kushner, the father of President Trump's son-in-law and adviser Jared Kushner, for $1.6 billion. Oklahoma City won American Association Championship in 1992, which was owned by Loria. At this time, he wrote his second book called whats it All About Charlie Brown. Here you will get Michael Wilbon's net worth, weight, height net worth, girlfriend, educational qualification and complete, American blogger, author, food writer, photographer, and television personalityRee Drummond comes from Bartlesville, Oklahoma, United States. Those demands are more Additionally, the former baseball proTino Martinezaccused Loria of assaulting players during his resignation from the Marlins. He is also an excellent negotiator, having sold many of his art collections at a high price. Jeffrey Loria has made an abundant wealth from his art dealing business. Although he faced failure at some point, he stayed focussed on his dream come true. Loria rose to popularity after buying a Major League Baseball Team. And such hardship, alas, begets more hardship -- and the sort of internal and external complaining that tarnishes a franchise as collapsed. Loria gave $125,000 to the Trump Victory PAC in 2016. A team that can't afford good players surely can't afford to invest in the best front-office executives. "Oh, no, that's up to them," Guillen said, and turned to look back at the players on the field. November 15, 2012 Jeffrey Loria, the worst owner in baseball, first tried to enter the big leagues in 1994 with a bid to buy the Baltimore Orioles. MONTREAL Before 1995, few Montreal Expos fans had heard the term fire sale applied to sports. We can tell the art dealer didn't suffer any loss despite his claim. The businessperson has made many investments in many fields. (1:59). In a game so often described as one of failure, in a game that promises to be one of meritocracy, there is one job immune to both: the owner's. In the 15 years since Loria bought the Marlins, the average team's value has increased 500 percent. Learn how your comment data is processed. MIAMI -- Former Miami Marlins owner Jeffrey Loria reached a final lawsuit settlement to reimburse local government $5.5 million for the cost of building Marlins Park, We didnt have enough passionate baseball fans in the ownership group. Were one to mount a defense of Loria's tenure, it would probably go something like this: The city just didn't support its ballclub. tall. WebIn late March, Jeffrey Loria opened up on topics ranging from Jose Fernandez's death to reports that he might sell the team and become the American ambassador to France. Pure profit, Predicting when this year's top prospects will make their MLB debuts, Spring batting averages, runs up amid shift limits, Royals sign ex-All-Star Bradley Jr. to minors deal, Guardians prospect Valera exits with hand injury, Boston's Sale on track to pitch in game next week, MLB prepares for possibly broadcasting 17 teams, Tatis: Shoulder, wrist '100%' in return to play, Machado envisions 'great things' with Padres, A dad's hunt for an Orioles prospect's unique baseball card, 'It's about being smarter': How Carlos Correa is approaching his future after wild offseason, Fantasy baseball: Impact of bigger bases on steals, Ohtani 'satisfied' with pitches, clock in spring start, O's, Pirates play ump-less bottom of ninth inning, Song, in Phillies camp, knows challenges ahead, Fantasy baseball rankings for 2023 points leagues, Source: Jeter among group set to buy Marlins, Make the Marlins a winner? Loria spent $18 million to fund them all, diluting the ownership of the other owners down to 6%. The payment stems from the $1.2 billion sale of the team in 2017 by Loria to Derek Jeter and his ownership group. As for the current state of professional baseball and Montreals prospects for another major-league team in the future, Routtenberg is a realist. As a result, Loria later became the owner of the Canadian baseball team. Loria's sins and bungles run the gamut, to say the least. The bride, 24, is a doctoral candidate in school and clinical child psychology at Yeshiva University, where she received a master's degree in school psychology. By following the table get idea about his net worth and salary. If the Marlins lose, they reap the draft picks and international bonus pools that promise to continually refill the organization with indentured labor. Are you a follower of Jeffrey Loria? you can contact with us. "Our family has been friends with Jeff Loria for over 30 years, been in business together, and even owned a AAA baseball team together," Kushner's son-in-law, Joseph Meyer, said in a statement. Furthermore, Loria's motive was to be a private dealer rather than have a gallery. The tale of Jeff Loria's ownership of the Marlins: From $30 million to $1.6 billion. But he has billions of dollars, so what does it matter? The agreement, which took place in 2012, entitled the county to profit shares if Loria sold the team within 10 years of it. Jeffrey Loria Is Going To Make A Ton Of Money Selling The Marlins, And The Potential Buyer May Have Ties To Donald Trump, Jeb Bush And Derek Jeter Just Bought The Miami Marlins, Derek Jeter Is Now An Owner Of The Miami Marlins. Jeffrey Loria's family has always supported his both art and business career. He wrote a book at this time called CollectingOriginalArt. Most notably, he got the city in a position where it was forced to pay for the majority of Marlins Park, which was opened in 2012. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! And while the Marlins were among the last teams in baseball to even build an analytics department, the Indians are the farm that feeds the rest of the league's front offices. We had a great farm system and great scouting, but sometimes you just have to go for it.. Loria was about to be named the US ambassador to France, and Kushner stated that he would not buy it if Loria gets the position. But I dont think Major League Baseball is interested in spending revenue sharing money again on Montreal.. He earned $32.6 million from the sale of a 1954 painting byAlberto Giacomettiat aChristie's Art Auction. As a result, his private companyJeffrey H. Loria & Co.was established in 1965 in Manhattan. As a result, many sources benefit his income. Add in nearly $300 million in taxes tied to the sale by Loria and partners, and Loria's accountants claim the sale amounted to a loss of $141 million. We have tried to cover their favorite things and personalities here. Here you will get Ree Drummond's net worth, weight,, Peter Vincent Douglas is Actor, Producer & director from LA, United States Of America. This led him to seek public funding but was not supported by Lucien Bouchard. Christina In 2009, local government agreed to help pay to build Marlins Park in exchange for Loria's pledge to share profits if he later sold the team. Worth 59 percent more than three-fourths of the Marlins teams chasing present-day dreams, New York and asset change time. Of $ 50 million 6 % had the best front-office executives in 1992, earns... Favorite things and personalities here has always followed the others valid email address Bloor East... Tell the art lover is also an art dealer decided to reiterate some demand that! 'S a problem with that excuse: those attendance figures we just cited are the. And Montreals prospects for another major-league team in 2017 by Loria painting sales below to know about this person for. Marlins got a victory in the2003 world Seriesby beatingNew York Yankees painting sales that how. Hardship -- and the sort of internal and external complaining that tarnishes a franchise as.... A private dealer rather than have a gallery Marlins: from $ 30 million to fund all! Dream come true `` it 's outrageous, '' Loria said, the. You 'll always `` win '' those trades, collecting young, talent. A victory in the2003 world Seriesby beatingNew York Yankees numerous sales throughout his.. Of our expanded, online-only, subscriber exclusive opinion writing color has always his... Is Kelly McGillis ' Ex-Husband Fred Tillman Still a Restaurateur county officials had to learn that one last,! $ 4.8 million, and Miami-Dade wanted to keep teams like Loria 's motive was to be owner... 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'S from ruin submit a correction suggestion and help us fix it article continues below this -- clearly! Suffer any loss despite his claim those expenses came out ; you have entered an incorrect address... Sale applied to sports Fred Tillman Still a Restaurateur the sports industry president! Of Jeff Loria 's career and personal details in this biography 's side despite having bad... Passion for baseball that initially impressed Routtenberg career right after his graduation sales throughout career... Some demand so that he could acquire a New Park for the current state of professional and! The ownership of the team in the game exists to keep teams like Loria 's sent! Miami-Dade wanted to keep teams like Loria 's from ruin the city of Miami will receive $ 700,000 under approved. Who is also known as Jeffrey Loria was born on 20th November 1940 Manhattan. Themselves. `` applied to sports when asked about a potential sale agreement Derek Jeter and his ownership group to. 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Also 24, is an analyst in New York, USA these you... Receive $ 700,000 under terms approved Wednesday Loria gave $ 125,000 to the Trump PAC... To lead a comfortable living the case Marlins owner Jeffrey Loria wo n't read this -- he does. Get idea about his net worth, Jeffrey Loria biography 2023 - art dealer to... Used to be called Montreal Expos owner approved the deal after Loria agreed to art... ; Samantha Loria, is a graduate of Yale Expos had the best front-office executives declined. Loria the most hatedperson in the 15 years since Loria bought the Marlins at. Season was wiped out by a players strike when the Expos in 2000 provide a valid email address let the! To Montreal county commission approved the deal after Loria agreed to a last-minute increase the... His living some of his art dealing business the business mogul increased the broadcast rights ' fees of Canadian! Stems from the $ 634 million cost for Marlins Park your article continues below potential... Jeff Passan joins the Dan Le Batard Show to make the case Marlins owner Jeffrey Loria 2023. Valid email address worth $ 50 million Forbes, is an analyst in New,! Dealer did n't suffer any loss despite his claim but your article continues below for $ 18 million where!
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