PDA

View Full Version : Those Damn Yankees!


Dunit35
12-04-2005, 12:50 PM
Report: Yankees lost $50 to $85 million for 2005 seasonESPN.com news services


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.


Im not sure if this has already been posted, but I think this is funny.

ChiefsfaninPA
12-04-2005, 01:05 PM
Isn't this football season?

HemiEd
12-04-2005, 01:07 PM
Isn't this football season?


Yeah but that is good news not matter when you hear it. :clap:

Dunit35
12-04-2005, 01:07 PM
Isn't this football season?

Actually anything I read that is something bad happening to the Yankees, I have to tell everyone. Cause I cant stand the Yankees.

JBucc
12-04-2005, 01:08 PM
Not only that, but they won nothing this year.

RP_McMurphy
12-04-2005, 01:12 PM
Question is how many the Royals loss next 100 or 110.

Skip Towne
12-04-2005, 01:23 PM
I hope it bankrupts George. Hell I hope it bankrupts baseball.