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The Yankees WILL go bankrupt.

pstall

By pstall,
in Huddle Lounge

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pstall Newbie

pstall

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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:

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pstall Newbie

pstall

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

http://bizofbaseball.com/index.php?option=com_content&view=article&id=2718:mlb-gives-yankees-267-million-luxury-tax-bill-for-2008&catid=30:mlb-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.

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pstall Newbie

pstall

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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.

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