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Thread: Reds made 18 million profit in 2005, more this year...

  1. #1
    1st pick 2022 B.B. draft George Foster's Avatar
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    Reds made 18 million profit in 2005, more this year...

    Well this link says it all. It looks like the Reds ownership cares more about making money than winning. Not only did they make 18 million in 05, the value of the team appreicated 8%. They have the money to go out and get a top notch pitcher. I know the goal in any business is to make money, however you have to spend money to make money. If their goal was to break even, and increase the payroll by 20 million, they value of the team would increase and revenue would increase as well with increased ticket sells. No excuses.

    http://www.forbes.com/lists/2006/33/332528.html
    Not this year...maybe a Wild Card

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    GR8NESS WMR's Avatar
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    Re: Reds made 18 million profit in 2005, more this year...

    This off-season, put up or SHUT UP Bob C.
    Quote Originally Posted by Scrap Irony View Post
    Calipari is not, nor has he ever been accused or "caught", cheating. He himself turned in one of his players (Camby) for dealing with an agent to get one Final Four overturned. The other is all on the NCAA and Rose. (IF Rose cheated.)
    "Cheering for Kentucky is like watching Star Wars and hoping Darth Vader chokes an ewok"


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    breath westofyou's Avatar
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    Re: Reds made 18 million profit in 2005, more this year...

    They have the money to go out and get a top notch pitcher.
    They say hi.


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    GR8NESS WMR's Avatar
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    Re: Reds made 18 million profit in 2005, more this year...

    Quote Originally Posted by westofyou View Post
    They say hi.

    Jason Schmidt v. Eric Milton?

    If his goal, as stated, is to break even then we Reds fans should be expecting a SIGNIFICANT payroll bump this off-season.
    Quote Originally Posted by Scrap Irony View Post
    Calipari is not, nor has he ever been accused or "caught", cheating. He himself turned in one of his players (Camby) for dealing with an agent to get one Final Four overturned. The other is all on the NCAA and Rose. (IF Rose cheated.)
    "Cheering for Kentucky is like watching Star Wars and hoping Darth Vader chokes an ewok"


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    Re: Reds made 18 million profit in 2005, more this year...

    Quote Originally Posted by George Foster View Post
    Well this link says it all. It looks like the Reds ownership cares more about making money than winning. Not only did they make 18 million in 05, the value of the team appreicated 8%. They have the money to go out and get a top notch pitcher. I know the goal in any business is to make money, however you have to spend money to make money. If their goal was to break even, and increase the payroll by 20 million, they value of the team would increase and revenue would increase as well with increased ticket sells. No excuses.

    http://www.forbes.com/lists/2006/33/332528.html
    Of course they made a profit.

    Carl Lindner ran the Reds as a profit business. You'd have to be daft to not see that.

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    Redsmetz redsmetz's Avatar
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    Re: Reds made 18 million profit in 2005, more this year...

    In my opinion, that money will be better spent in the offseason and not in this season, even though BC stated they'd increase payroll. I like that a profit (and that's with low attendance!) is available to invest in bettering the team for next year.

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    1st pick 2022 B.B. draft George Foster's Avatar
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    Re: Reds made 18 million profit in 2005, more this year...

    Quote Originally Posted by WilyMoROCKS View Post
    Jason Schmidt v. Eric Milton?

    If his goal, as stated, is to break even then we Reds fans should be expecting a SIGNIFICANT payroll bump this off-season.
    I guess I typed that wrong. I THINK that the goal should be to break even. Then you could increase the payroll by 20 million. This would increase the value of the team and the extra ticket sales would be all profit.
    Not this year...maybe a Wild Card

  9. #8
    GR8NESS WMR's Avatar
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    Re: Reds made 18 million profit in 2005, more this year...

    No, George, Bob C. has said that is his goal.

    To run the Reds on a break-even business model and win a World Series.
    Quote Originally Posted by Scrap Irony View Post
    Calipari is not, nor has he ever been accused or "caught", cheating. He himself turned in one of his players (Camby) for dealing with an agent to get one Final Four overturned. The other is all on the NCAA and Rose. (IF Rose cheated.)
    "Cheering for Kentucky is like watching Star Wars and hoping Darth Vader chokes an ewok"


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    Re: Reds made 18 million profit in 2005, more this year...

    Remember all those Lindner supporters who said "he shouldn't have to dig into his own pockets", well he wasn't digging into them......................he was lining them.

    All we ever hear from owners is teams don't make money, they operate in the red, yet there are millionaires (and in Lindner's case a billionaire) falling all over themselves to buy a team. These guys didn't get to be rich by being stupid, they don't buy assets that don't make money.

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    Re: Reds made 18 million profit in 2005, more this year...

    Quote Originally Posted by Reds4Life View Post
    Remember all those Lindner supporters who said "he shouldn't have to dig into his own pockets", well he wasn't digging into them......................he was lining them.

    All we ever hear from owners is teams don't make money, they operate in the red, yet there are millionaires (and in Lindner's case a billionaire) falling all over themselves to buy a team. These guys didn't get to be rich by being stupid, they don't buy assets that don't make money.
    My guess is that, if every team's books were made truly transparent, you'd discover every team is making hefty profits.

    But whatever, keep believing in the myth of benevolent owners....

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    Re: Reds made 18 million profit in 2005, more this year...

    Quote Originally Posted by Falls City Beer View Post
    My guess is that, if every team's books were made truly transparent, you'd discover every team is making hefty profits.
    I think you'd be correct. There might be one or two that don't, but the vast majority make a profit.

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    1st pick 2022 B.B. draft George Foster's Avatar
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    Re: Reds made 18 million profit in 2005, more this year...

    Quote Originally Posted by Falls City Beer View Post
    My guess is that, if every team's books were made truly transparent, you'd discover every team is making hefty profits.

    But whatever, keep believing in the myth of benevolent owners....

    Yankees lost 50 million last year....http://www.forbes.com/lists/2006/33/334613.html
    Not this year...maybe a Wild Card

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    Re: Reds made 18 million profit in 2005, more this year...

    Quote Originally Posted by George Foster View Post
    Yankees lost 50 million last year....http://www.forbes.com/lists/2006/33/334613.html
    Unn-huh.

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    Re: Reds made 18 million profit in 2005, more this year...

    Quote Originally Posted by George Foster View Post
    Yankees lost 50 million last year....http://www.forbes.com/lists/2006/33/334613.html
    That's by choice, they did $277 million revenue.

  16. #15
    1st pick 2022 B.B. draft George Foster's Avatar
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    Re: Reds made 18 million profit in 2005, more this year...

    Quote Originally Posted by Reds4Life View Post
    That's by choice, they did $277 million revenue.
    true, but at least he is willing to spend it. He wants to win every single year.
    Not this year...maybe a Wild Card


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