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The Yankees WILL go bankrupt.

pstall

By pstall,
in Huddle Lounge

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stwall Newbie

stwall

Posted
Posted

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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  • 3 months later...
pstall Newbie

pstall

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http://sports.espn.go.com/mlb/news/story?id=4093702

The Yankees are charging $500-$2,625 for Legends Suite tickets in 25 sections at the new Yankee Stadium in the first nine rows around the infield, an area that contains 1,895 seats.

While those seats were filled for the April 16 opener, they were more than half-empty for the remaining five games on the homestand. Some entire sections were unfilled, but it's possible tickets for other seats were bought by people who didn't attend or spent much time in the three exclusive restaurants and lounges.

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Nicbsbll2 Newbie

Nicbsbll2

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http://sports.espn.go.com/mlb/news/story?id=4093702

The Yankees are charging $500-$2,625 for Legends Suite tickets in 25 sections at the new Yankee Stadium in the first nine rows around the infield, an area that contains 1,895 seats.

While those seats were filled for the April 16 opener, they were more than half-empty for the remaining five games on the homestand. Some entire sections were unfilled, but it's possible tickets for other seats were bought by people who didn't attend or spent much time in the three exclusive restaurants and lounges.

Anyone that pays $500, much less $2,625 for A ticket to A ball game is a moron. Personally, I hope the Yankees, and Mets for that matter, both go bankrupt just because they are crazy enough to try to make people pay that much for a single ticket.

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j2sgam Collaborator

j2sgam

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You laugh, jke...Im tryin to go see a game, but this guy isnt going to spend that just to be there this season...Sh_t, I got great seats last season, bottom of the bleachers, for $20 a pop. The burdens of being a Yankee fan, I guess...

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  • 1 year later...
pstall Newbie

pstall

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Well looks like I got the wrong NY team.

The team’s owners, Fred Wilpon and Saul Katz, having been sued for $1 billion by the trustee representing victims of Bernard L. Madoff’s fraud, could well be limited in their ability to move money to the Mets from their other operations, including real estate and cable television — something they have done over years to sustain the club, according to a person briefed on the team’s finances.

Without that lifeline, the club could face daunting and immediate hurdles. The Mets have one of the largest payrolls in baseball, and several of their highest-paid players are unproductive and nearly impossible to trade; the tens of millions of dollars in loan and bond payments the Mets have on their books will not go away; and Commissioner Bud Selig, having already lent the Mets $25 million, may be unable to continue quietly backing the team.

Moreover, the one potential bright spot — the start of games at Citi Field, the selling of tickets, the sale of hot dogs and beer — appears clouded as well. One person close to the team said that advance ticket sales for the 2011 season were going so poorly that a sense of panic had begun to take hold in the team’s front office.

http://www.nytimes.com/2011/02/27/sports/baseball/27wilpon.html?_r=1&ref=sports

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