Originally Posted by durl
What's interesting is that in 2005 (I'm waiting to see 2006's data), the Yankees posted the largest LOSS ever for a baseball team. They were $50 million in the hole. It took the YES Network's cash stream to make the organization profitable. So while the organization overall made money, the baseball end is leaking cash.
I wouldn't put a lot of stock into those figures. There are many, many ways to move money around to make it look like the Yankees are losing money and the other entities are making it. An example would be the Yankees charging YES $10M for TV rights. The TV rights are worth 10 times that but YES gets all the revenue for that. The Braves used to do this all the time with TBS. Marge used to charge the Reds for expenses related to her car businesses. StL would funnel all their parking revenue into the company who owned the parking garage which just so happened to be owned by the brewery.