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  1. #1
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    Costa: Yankees lost $58M in ticket revenue in 2013

    Costa: Yankees lost $58M in ticket revenue in 2013

    By Mike Axisa

    Via Brian Costa: The Yankees lost approximately $58M in ticket revenue this past season according to publicly available financial documents the team must file with the city as part of the bonds agreement for the construction of the new Yankee Stadium. Ticket sales and suite licenses totaled $295M in 2013, down from $353M in 2012, $377M in 2011, and $384M in 2010. The team attributes the revenue drop solely to missing the postseason.

    “What this clearly shows is that the Yankees’ whole financial equation is built around winning. If you take that away, they become mere mortals from a financial standpoint,” said Vince Gennaro, president of SABR and consultant to MLB teams. That $58M, which doesn’t include lost concession revenue, is greater than what the club would reportedly save by getting under the luxury tax threshold in a given year. That might explain why the team has suddenly reversed course and gone on a spending spree after talking about getting under the threshold (and making moves to make it possible) for the last two years
    RAB



    Could explain their current spending spree. (if they resign cano) and get Tanaka (if he's posted) along with McCann and Ellsbury.
    Last edited by RCSownsU; 12-04-2013 at 10:57 PM.

  2. #2
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    All very good points

  3. #3
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    90 million less alone in ticket sales. Add in concession sales. Memorabilia, and what not it could be closer to 120-130 million.

    Plus lost post season revenue.

  4. #4
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    Costa: Yankees lost $58M in ticket revenue in 2013

    Not "lost" just made 58 million less than last year. There is a difference.

  5. #5
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    Quote Originally Posted by J4KOP99 View Post
    Not "lost" just made 58 million less than last year. There is a difference.
    Regardless of how it's worded. It's still a lot of money.

  6. #6
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    189 is a goal and not a mandate. Hank has booted Hal and honoring Big George. Spend everything, I want a parade.

    Masahiro Tanaka

    11-1| 99.2 IP| 10.20 K/9| 1.44 BB/9| 0.90 HR/9| 1.99 ERA| 2.70 FIP| 2.32 xFIP| 2.9 fWAR

  7. #7
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    this report is such a lie because according to the fans ichiro suzuki brings thousands in revenue

  8. #8
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    i dont think it was becuase they were losing, i think it was becuase the team was boring and hard to watch. a losing team can be entertianing still, the yanks were not that last year
    30 Team Stadium Checklist: 10 to go

    1) Yankees 2) Orioles 3) Rays 4) Red Sox 5) Mets 6) Braves 7) Phillies 8) Nationals 9) Marlins 10) Pirates 11) Padres 12) Astros 13) Mariners 14) Twins 15) Cubs 16) White Sox 17) Cardinals 18) Indians 19) Tigers 20) Royals

  9. #9
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    Ludicrous ticket prices do tend to keep fans away.
    "I'm an administrator. I'm a good listener. I would not pass myself off as an evaluator of talent"

    - Brian Cashman, GM of the Yankees

  10. #10
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    So Hal employed some basic math and came to the conclusion that fielding a mediocre team cost him 58 million and that the luxury tax would cost in the (variable) neighborhood of 25 million. Simple, really.

  11. #11
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    Quote Originally Posted by Webslinger View Post
    Ludicrous ticket prices do tend to keep fans away.
    they arent as bad as people make them out. you can get bleacher seats for 30ish bucks
    30 Team Stadium Checklist: 10 to go

    1) Yankees 2) Orioles 3) Rays 4) Red Sox 5) Mets 6) Braves 7) Phillies 8) Nationals 9) Marlins 10) Pirates 11) Padres 12) Astros 13) Mariners 14) Twins 15) Cubs 16) White Sox 17) Cardinals 18) Indians 19) Tigers 20) Royals

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