The Yankees have bills to pay, but they’re raking in way more than they’re spending from the looks of just their ticket revenue.
This article is free for anyone to read, but please consider becoming a Patreon subscriber to allow me to keep writing posts like this one. Sign up to receive articles like this one in your inbox here.
The gate for a baseball team isn’t just tickets: there’s also parking and concessions and local merchandise to account for. And yet, just from tickets, the 2022 Yankees raked in $345 million. That’s not a rumor, it’s from a market disclosure the Yankees had to send to the state of New York, which owns Yankee Stadium thanks to the whole publicly funded thing. Via Sportico:
Continue reading “The Yankees made a ton of money just from tickets in 2023”
This article is free for anyone to read, but please consider becoming a Patreon subscriber to allow me to keep writing posts like this one.
A little over a month ago, I wrote a piece titled “You can’t trust MLB’s crying poor,” with the thinking being that the league’s discussion of the debt that they had accrued and the losses they suffered wasn’t in line with the reality of either situation. Part of the reason for writing that was not just to tackle the idea head-on at the moment, but also because it was necessary to understand what was happening in that moment in order to also understand what was to come.
One of those items in the “what was to come” bucket turned out to be “Bill Madden columns,” as he’s been repeating back whatever he’s told by MLB clubs about finances and debt for the last month-and-a-half. In October, he wrote that this offseason will be a “bloodbath” for MLB players in a column in which he repeated the kinds of revenue loss claims that caused me to write a rebuttal in the first place:
Continue reading “You still can’t believe what MLB says about 2020’s revenues”