Do the Yankees lose money? Not if you include YES - Fantasy Baseball Cafe 2014 Fantasy Baseball Cafe
100% Deposit Bonus for Cafe Members!

Return to New York Yankees

Do the Yankees lose money? Not if you include YES

Moderator: Baseball Moderators

Do the Yankees lose money? Not if you include YES

Postby bigh0rt » Mon Jun 11, 2007 7:58 pm

I’m surprised...considering the cost of carting Bob Lorenz back and forth from Madame Tussauds on 42nd every day.

But now, an article in New York Magazine claims that while the Yankees did lose money—$28 million, which is pretty similar to Forbes’ estimate—their cable network, YES, was quite profitable. YES broadcasts Yankees’ games to a large New York viewership, which would explain why it rakes in the cash. The article says:

“The Yankees—read Steinbrenner—also own more than a third of the YES network … The network’s revenues top a quarter billion and its profit margin is 60 percent.”

One-third of 60% of a quarter billion is $50 million. So it seems like if you include YES in the calculation, the Yankees are actually quite profitable.

The New York article wants to treat the Yankees and YES as two separate businesses for purposes of the calculation, but that’s silly. If the team’s contract with YES were an arms’ length transaction, the Yankees would have demanded enough in royalty fees that YES would be making a lot less than $150 million.


FULL ARTICLE
Image
bigh0rt
Hall of Fame Hero
Hall of Fame Hero

User avatar
CafeholicCafe WriterGraphics ExpertMock(ing) DrafterEagle EyeInnovative MemberCafe MusketeerWeb SupporterPick 3 Weekly Winner
Posts: 24805
(Past Year: 370)
Joined: 3 Jun 2005
Home Cafe: Baseball
Location: Crowding The Plate

Re: Do the Yankees lose money? Not if you include YES

Postby Lofunzo » Fri Jun 15, 2007 1:42 am

Are you telling me that the Mets don't (or won't) do the same thing with SNY?? :?

This isn't news.
Image
Lofunzo
Moderator
Moderator

User avatar
ModeratorCafeholicFantasy ExpertCafe RankerEagle EyeHockey ModPick 3 Weekly Winner
Posts: 23698
(Past Year: 11)
Joined: 9 Jul 2003
Home Cafe: Baseball
Location: Central Jersey


Return to New York Yankees

Who is online

Users browsing this forum: No registered users and 1 guest

Forums Articles & Tips Sleepers Rankings Leagues


Today's Games
Tuesday, Jul. 29
(All times are EST, weather icons show forecast for game time)

LA Angels at Baltimore
(7:05 pm)
Seattle at Cleveland
(7:05 pm)
Chi White Sox at Detroit
(7:08 pm)
Milwaukee at Tampa Bay
(7:10 pm)
indoors
Philadelphia at NY Mets
(7:10 pm)
Washington at Miami
(7:10 pm)
indoors
Arizona at Cincinnati
(7:10 pm)
Toronto at Boston
(7:10 pm)
Colorado at Chi Cubs
(8:05 pm)
NY Yankees at Texas
(8:05 pm)
Oakland at Houston
(8:10 pm)
Minnesota at Kansas City
(8:10 pm)
Atlanta at LA Dodgers
(10:10 pm)
St. Louis at San Diego
(10:10 pm)
Pittsburgh at San Francisco
(10:15 pm)

  • Fantasy Baseball
  • Article Submissions
  • Privacy Statement
  • Site Survey 
  • Contact