In article <2005112509121616807%tgaumenews1@maccom>,
tgaume.news1 RemoveThis @mac.com says...
> On 2005-11-24 11:07:00 -0500, "Mr. Baker" <mrbaker RemoveThis @thebakery.net> said:
>
> > Yet another moron who has trouble with math: $65 million out, $40
> > million in... uh, let's see... duh?!
>
> Do you really believe those numbers?
>
> All baseball teams say their organization looses money year after year,
> but yet player salaries keep going up, new stadiums get built, &
> ownership never seems to go broke, or even put their teams up for sale.
>
> Give me a break!!! Why would any smart business man that has attained
> the kind of wealth that can buy a team do so with any possibility of
> loosing money?
One would definitely think Marlin fans would be more
skeptical since after the *last* fire sale, the data leaked
out that Huizenga's claimed $30 million loss was actually,
evaluated conservatively, a $10 million profit.
The Marlins are already at $25 million just from shared TV
money. Add in internet revenue, which is shared equally
among the teams, international revenue, which is shared
equally among the teams, merchandising revenue, which is
shared equally among the teams (with the exception of in-
stadium sales), and the $10 million or so they get from
additional local tv revenue sharing (actually averaged more
than that in recent years), the Marlins are well over $40
million in revenue without counting a single bit of local or
stadium revenue.
And that's assuming Loria isn't taking advantage of the
wonderful depreciating assets tax advantage, which allows him
to save $7 million a year in taxes paid on his other
businesses.
--
Dan Szymborski
dan RemoveThis @REMOVEbaseballprimer.com
"A critic who refuses to attack what is bad is not a
supporter of what is good."
- Robert Schumann
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