Wahoo motherfuckers!

Yeah, philosophy major – go figure.

I understand the point but I have yet to see a positive contribution from that individual that wasn’t somehow aimed at winning an argument.

@ 67

I’ll cop to the insults (I’m both a Bum and a PIA) but you’re the one peddling utter BS, like this:

That doesn’t include the Yankees interest in YES, but the losses are still significant. How many other teams would be willing to take such a bath?

And worse, you later admit you knew it wasn’t true when you wrote it. So what was the point?

Sorry about that.

If the Yankees are going to market these seats as “Suites” (which they do) and charge premium prices, then exclusive access might be necessary. Again, I am not saying I know this is the case, nor that I think it’s a great idea…just that I can see the Yankees side and don’t think it is an afront to those who can’t afford the tickets.

you know, like Grit Gritner batting 7th in the lineup today???

whether you’re anti-Cashman, or anti-Girardi, surely this affront must unite us all in saying WTF!?!?!?!?

These kids are annoying ME. They have clothes on their backs and food in their bellies….. what else do they need?

Someone should shoot the little bast**ds! People with money shouldn’t have to put up with that crap.

What’s good for capitalism is good for the consumer. Just ask anyone who owned a Ford Pinto.

[45] Alex… not to be argumentative… and my buddy George Carlin isn’t here to back me up… but one day someone will have to explain to me the difference between what I said and “motherf****** ”

When you read: motherf****** ….
Just exactly what does your mind say?
Remember: Shoot is just sh*t with two Os.

Have fun kids! >;)

I guess that would be a plausible argument, but I’d need serious proof that the only way they can charge so much for tickets is by denying access.

So let’s see:

$135 Million from YES
$240 Million in ticket revenues ($75 average ticket x 3.2 million people which is conservative)
$20-30 Million in national TV revenues (Fox, TBS)

That’s $400 MIllion/year and not counting concessions, rights, stadium advertising.

We know the salaries, so even if their other expenses are $50 Million, they’re still clearing $100-150 Million this year. That’s a real weak position, especially in this economy.

Greedy pigs. Oink. Oink.

Still playing loose with the facts, huh?

$55 Million + $80 Million in rights, means they’re clearing $135 million/ year from YES alone.

Care to retract #46 yet?

Also, for those don’t know, the Yankees, or rather Yankee Global Enterprises, only own 35% of YES. In 2008, the networks’ net U.S. revenue was pegged at $360mn. I’ve seen some estimates for YES’ profit at $150mn, meaning the Yankees make about $55mn from their stake (assuming they remove all the equity from the company, which they definitely don’t).

No one is getting richer faster than the No. 1-ranked New York Yankees, whose value shot up 15% this year to $1.5 billion. The Bronx Bombers pulled in $80 million–by far the most in baseball–from their rights fee with the YES Network in 2008 and moved into the most lucrative stadium in baseball this season. (Full disclosure: Forbes has a show on the YES Network.) The new stadium also means the Yankees will have to hand over a lower percentage of their revenue to rivals.

Yes, the team’s stadium revenue–tickets, suites, advertising, concessions–is likely to go up by more than $100 million this season. But MLB permits teams to deduct stadium-operating and debt expenses from revenue before calculating the amount the league will take from them to subsidize other teams. Last season the Yankees had to hand over $95 million to the league so it could be distributed to teams like the Florida Marlins, Pittsburgh Pirates, Kansas City Royals and Tampa Bay Rays. In the new stadium the Yankees’ deductible expenses will be around $100 million, enough to wipe out the windfall in revenue.