XM MLB Chat

Friday, April 20, 2007

The Yankees & their fans paid $105 million in rev. sharing & luxury tax to other teams in 2006

"The Yanks had an operating loss of $25 million last year because the team had a $200 million payroll and paid $105 million in revenue-sharing and luxury taxes.
  • Baseball’s 29 other teams made money, generating profit of almost $500 million, according to Forbes. The sport drew a record 76 million fans last year.

The Mets were the second-most valuable team at $736 million. The Red Sox were third at $724 million."

From Bloomberg News, NY Times, 3/20/07, "Yankees Valuable Even at a Loss"

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