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Did every MLB team make a profit in 2012?
Posted on 3/5/13 at 1:21 am
Posted on 3/5/13 at 1:21 am
I think so. How do MLB franchises make so much money? Could someone explain this chart to me? I thought I had it figured out, until I got to operating income. LINK
Also, an interesting note. The ATL braves have a grand total of ZERO debt.
Also, an interesting note. The ATL braves have a grand total of ZERO debt.
Posted on 3/5/13 at 6:51 am to LSUIEGRAD13
180 games means more chances for more money
Posted on 3/5/13 at 6:52 am to LSUIEGRAD13
quote:are they not counting player salaries as debt??
Also, an interesting note. The ATL braves have a grand total of ZERO debt.
Posted on 3/5/13 at 8:26 am to Pilot Tiger
Salaries are expenses, debt would be stadium, etc.
ETA - Even long term commitments would be expenses provided the team has reason to believe the services contracts will be honored. Now a player that was cut, I'm not sure how that plays into it. Or a situation like Albert Belle and my Orioles where we were paying him 6 years after he was deemed medically unable to play (but a portion of his contract was insured)
ETA - Even long term commitments would be expenses provided the team has reason to believe the services contracts will be honored. Now a player that was cut, I'm not sure how that plays into it. Or a situation like Albert Belle and my Orioles where we were paying him 6 years after he was deemed medically unable to play (but a portion of his contract was insured)
This post was edited on 3/5/13 at 8:29 am
Posted on 3/5/13 at 8:28 am to LSUIEGRAD13
quote:
How do MLB franchises make so much money?
162 games and TV deals
Posted on 3/5/13 at 8:31 am to LSUIEGRAD13
quote:
Also, an interesting note. The ATL braves have a grand total of ZERO debt.
Just in terms of being a large business, not just a baseball team, this seems difficult to do.
Posted on 3/5/13 at 8:33 am to LSUIEGRAD13
I read something a while back that one of the best sports investments a billionaire can make is to own a minor league baseball team. Warren Buffet owns part of one.
Gonna go try and find it
Gonna go try and find it
Posted on 3/5/13 at 8:33 am to LSUIEGRAD13
quote:considering that the ownership groups do not open their books, nor do they have an obligation to do so, this is a pretty pointless question
Did every MLB team make a profit in 2012?
Posted on 3/5/13 at 8:34 am to LSUIEGRAD13
quote:
How do MLB franchises make so much money?
81 games is the most by far of any sports for tix sales and concessions and merch.
No salary cap=capitalist structure. Surprise surprise. It's better than a fricking welfare league like the NBA.
Posted on 3/5/13 at 8:35 am to LSUIEGRAD13
quote:
The ATL braves have a grand total of ZERO debt.
Private entities, including NBC and other Olympic sponsors, agreed to pay a large sum of the cost to build Centennial Olympic Stadium (approximately $170 million of the $209 million bill). The Atlanta Committee for the Olympic Games (ACOG) sought to build the stadium in a way that it could be converted to a new baseball stadium, and ACOG paid for the conversion.[
worked out pretty good for the Braves
Posted on 3/5/13 at 8:38 am to SPEEDY
How Billionaires Like Warren Buffett Profit From Minor League Baseball Ownership
quote:
And Buffett isn’t the league’s only billionaire owner, either. Robert E. Rich, Jr., who made his $2.1 billion with food conglomerate Rich Products, owns the Buffalo Bisons (No. 13); Herb Simon, chairman and director of Simon Property – the nation’s largest publicly traded real estate investment trust – is a co-owner of the Reno Aces (No. 14).
Why would some of the nation’s wealthiest men be interested in owning such small professional sports teams? Simple: it’s smart business.
Of the 160 minor league teams with player development contracts with MLB team, not one pays a single player, coach, manager or trainer. While the majority of MLB teams’ expenses go towards player costs, they are paid in full for minor league teams. The minor league squads don’t even pay the full cost for bats and balls; it’s split with the major league affiliate. It’s a sweet deal made even sweeter by the cities and counties that are willing to finance minor league stadiums in order to help stimulate their local economies.
quote:
While even the top MiLB teams are worth a fraction of the $605 million that the typical MLB team is worth, minor league teams have often delivered spectacular returns because of the minimal investment required to buy one. Someone that paid $22 million for a team earning $4 million is roughly getting an 18% pretax return on capital.
Posted on 3/5/13 at 8:39 am to LSUIEGRAD13
quote:
How do MLB franchises make so much money?
The Dodgers just got $7 Billion for their 3rd tier TV rights.
Posted on 3/5/13 at 8:49 am to LSUIEGRAD13
Plus while attending a baseball game, people use lots if cash. Cash for tickets, cash for beer, cash for food. If they're claiming a profit, you know there's even more money off the books from all the cash money
Posted on 3/5/13 at 10:19 am to LSUIEGRAD13
the cardinals are worth more than 591 mil,at least, near the 700mil mark
Large, fanatic fan base, 3mil+ fans per, and season ticket holders in 23 states.
they are the only midmarket team, who can spend major market money, in any sport, and still rake in the $$$.
Large, fanatic fan base, 3mil+ fans per, and season ticket holders in 23 states.
they are the only midmarket team, who can spend major market money, in any sport, and still rake in the $$$.
Posted on 3/5/13 at 10:25 am to SM6
quote:
Salaries are expenses, debt would be stadium, etc.
It all depends on how they do their books. The players aren't typical employees. They directly generate revenue. Technically you could call them assets, the public european soccer teams consider them assets. The problem is lots of this info is either inside information or a guess. They are private entities and don't have to disclose their books.
Teams get their towns to build stadiums and the league bullies them around and threatens to leave. Its one of the few things I hate about MLB.
Posted on 3/5/13 at 10:27 am to Lloyd Christmas
quote:
worked out pretty good for the Braves
love the Ted
wish it wasn't in a crappy area of town
Posted on 3/5/13 at 10:48 am to LSUTIGER in TEXAS
quote:
Cash for tickets, cash for beer, cash for food. If they're claiming a profit, you know there's even more money off the books from all the cash money
...actually this not really likely for an MLB team/franchise with debt and investors, subject to numerous annual audits by various parties
Posted on 3/5/13 at 11:19 am to LSUIEGRAD13
The link you provided that three teams had negative operating income (i.e. negative earning before interest, taxes, depreciation, and amortization). Mets, Phillies, and Angels.
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