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The Yankees WILL go bankrupt.


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#1 pstall

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Posted 24 December 2008 - 10:02 AM

They are STILL looking for public funds for the new Yankee Stadium.
They have committed nearly 424 MILLION to their payroll and they overpay for yet another player.

Ad revenue even for networks are going DOWN.
These idiots, front office and players are only seeing the dollars in front of their faces and don't have the long view.
I'm all for making money but at some point common sense needs to come into play and realize you can get by on 10 a year instead of 22 or 4 instead of 8.

I'm going to even go so far as to predict as many as 3 teams could be on the brink of folding within 2 years.

Way to go greedy jackasses. Players and management you stink. :shocked:

#2 pstall

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Posted 24 December 2008 - 10:37 AM

This link is on the Yankees luxury tax. This was BEFORE the Tex deal.

http://bizofbaseball...-news&Itemid=42

Based on the value of the CONTRACTS, near 490 million. They could have bought 22 other FRANCHISES.


The New York Yankees not only failed to make the playoffs, they were hit with their highest luxury tax in three years. The Yankees were assessed a $26.9 million tax by the commissioner's office on Monday, up from $23.9 million last year and their biggest bill since paying nearly $34 million for 2005. The Detroit Tigers, who also failed to qualify for the postseason, are the only other team that must pay tax and owe $1.3 million to the commissioner's office.
Checks are due by Jan. 31.


#3 Johnny Rockets

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Posted 24 December 2008 - 10:46 AM

Not sure they will go bankrupt considering I talked to a friend who's company has season tickets and the price jumped from $22,000 last year to $120,000 next year at the new stadium. That is outrageous.

#4 jkeough

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Posted 24 December 2008 - 10:48 AM

cant wait till they finish in 3rd again

#5 pstall

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Posted 24 December 2008 - 10:51 AM

There simply won't be the same revenue the next 2-3 years.
I don't see how they can cover these contracts?
Revenue pays the salaries. The upkeep on the new stadium will be more costly than the old one.
George got out at just the right time.

#6 Tweeder

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Posted 24 December 2008 - 02:41 PM

but George's Money is still there......Plus you also have the money coming in from the YES network

#7 pstall

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Posted 24 December 2008 - 03:35 PM

If NBC,CBS, FOX and ABC are LOSING ad revenue, of course YES is going to be in the same boat.
I'm telling you right now. Its not a matter of if but when.
The #'s simply don't add up. Your salaries go up. Revenue from ads going down, you raise prices on seats and clubs and there are going to be mid level companies in the area that can't even afford club seats.
Add to that an ongoing hit for the luxury tax.
They had to pay 24 mil last year BEFORE this huge spike.

And this is all from a economic perspective.

#8 Scrumtrilescent

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Posted 24 December 2008 - 03:48 PM

I hate to say it, but their waiting list for club seats is huge.

#9 shinner

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Posted 24 December 2008 - 08:46 PM

*** them....fug them up their stupid asses.

#10 CatScratchFever

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Posted 01 January 2009 - 08:39 PM

MLB will go bankrupt before the Yankees go bankrupt.

#11 cookinwithgas

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Posted 02 January 2009 - 08:52 AM

Satan is bankrolling the Yankees, so eventually they will be the World Champions again since there will be no one left to play them.

#12 MadHatter

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Posted 02 January 2009 - 09:25 AM

God I hated the Yankees....but now my bosses' nephew (Mark Texeria) plays for them. Guess I will have to pull for them at least a little.

#13 2jakefansinva

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Posted 02 January 2009 - 10:03 AM

God I hated the Yankees....but now my bosses' nephew (Mark Texeria) plays for them. Guess I will have to pull for them at least a little.


No you don't. Just make your Boss believe you are.

#14 stwall

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Posted 03 January 2009 - 03:03 AM

cant wait till they finish in 3rd again



That would be awesome!!!

#15 stwall

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Posted 03 January 2009 - 03:06 AM

They are STILL looking for public funds for the new Yankee Stadium.
They have committed nearly 424 MILLION to their payroll and they overpay for yet another player.

Ad revenue even for networks are going DOWN.
These idiots, front office and players are only seeing the dollars in front of their faces and don't have the long view.
I'm all for making money but at some point common sense needs to come into play and realize you can get by on 10 a year instead of 22 or 4 instead of 8.

I'm going to even go so far as to predict as many as 3 teams could be on the brink of folding within 2 years.

Way to go greedy jackasses. Players and management you stink. :shocked:


Not for the Yankees.

I would love to see them go bankrupt, but it wont happen. From what I'm hearing even with the signing of the big 3 contracts there salary will be less than last year.


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