NYY Pull a Mahatma
 

How much can they lose before something has to change?

http://sports.espn.go.com/mlb/news/story?id=2247401

The New York Yankees lost between $50 million and $85 million for the 2005 season, the New York Daily News reported Sunday.

Despite drawing more than four million fans, a payroll of $200 million plus an additional $110 million in revenue sharing and luxury taxes has left the Yankees in the red, according to the paper.

"Yes, even George has his limits," one source told the Daily News.

The paper also reports that the Yankees might have to open up their checkbooks even further if a consultant hired by MLB decides the team undervalued their television rights.

The Yankees currently charge the YES Network about $60 million a year to broadcast games, but if it's found to be undervalued, the Yankees will have to make up the difference by putting more money into the revenue-sharing fund, the paper reported.

"They're going to owe us money," one MLB source predicted to the paper.

The final numbers won't be crunched for a few months, but it's believed the final number will be roughly $80 million when all is tallied. According to Forbes magazine, the Yankees lost $37.1 million in 2004.

Re: NYY Pull a Mahatma
 

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How much can they lose before something has to change?


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This offseason so far should be a signal that something already has changed. Personally, I see this as a good sign. It may result in a couple down years for the Yankees, but by redevoting themselves to their farm teams, I think they will have a nice resurgence.

Re: NYY Pull a Mahatma
 

[ QUOTE ]
[ QUOTE ]
How much can they lose before something has to change?


[/ QUOTE ]

This offseason so far should be a signal that something already has changed. Personally, I see this as a good sign. It may result in a couple down years for the Yankees, but by redevoting themselves to their farm teams, I think they will have a nice resurgence.

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or it's back to the 80s...

Re: NYY Pull a Mahatma
 

There is so much unknown in Yankee finances that I have no doubt that if they lost any money, it's in low 7 figures and not these high 8 figure reports.

Re: NYY Pull a Mahatma
 

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There is so much unknown in Yankee finances

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Like what? I'm pretty sure they have to report all that kinda stuff.

Re: NYY Pull a Mahatma
 

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There is so much unknown in Yankee finances

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Like what? I'm pretty sure they have to report all that kinda stuff.

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Nope, there's many parts of income that are not under revenue sharing. It's how teams like Pittsburgh can cry that they're losing money when in reality, they've made millions each year since that [censored] bought the team.

Re: NYY Pull a Mahatma
 

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There is so much unknown in Yankee finances

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Like what? I'm pretty sure they have to report all that kinda stuff.

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Nope, there's many parts of income that are not under revenue sharing. It's how teams like Pittsburgh can cry that they're losing money when in reality, they've made millions each year since that [censored] bought the team.

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Sure, but you still have to pay taxes. I'd be surprised if the NYDN would be so lazy in their reporting.

Re: NYY Pull a Mahatma
 

I'm not saying they are lazy, I'm just saying that there is a lot of unknowns when it comes to major sports teams. They are a privately owned, privately run industry which doesn't require full disclosure to the public.