Le Grande Orange |
02-19-2015 05:53 PM |
In case anyone has forgotten, back in 2010 Deadspin posted the leaked financial statements of several MLB clubs. The Pittsburgh Pirates was one of the clubs included, with the statements covering the 2007 and 2008 seasons. Revenue sharing funds comprised 21.9% of the club's total revenue in the former season and 26.7% in the latter. Were it not for revenue sharing, the Pirates would have posted an operating loss of $14.1 million in 2007 and $17.3 million in 2008 instead of the $16.2 million and $21.8 million in operating profits it had in those two years, respectively.
In other words, the larger revenue clubs in MLB not only kept the Pirates in business, but helped the club post healthy operating profits.
|