Quote:
Originally Posted by jcmtiger
Please, how many teams are bankrupt? Yankees?, Red Sox?, I don't think so. Name the teams that are bankrupt. I don't think you realize how much money the Ilitch family has. Owner of Little Caesars pizza, Wife owns Casino in Detroit, family owns the Fox Theater and many more entertainment sites. And he owns the Red Wings. Come On! This is not a small market team no matter what you think.
Joe
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Curious where you think I said or implied that the Tigers are a small market team.
What I am saying is that player salary outlay is too high. Ticket prices cannot continue to escalate to offset these costs, fans cannot afford it, the Mets are a clear example of this. It will also be clear to many observers that the Yankees will see a large decline in season ticket sales this year. I work for a large investment bank, we have had over 2 dozen season tickets to the Yankees for years, this year we are reducing that to 6 seats total and they are much less expensive seats. I know others in the industry are doing the same and the financial industry holds a lot (many more than you would think) of those seats. Entertainment spending is being reduced much much more than it was during the crisis of 2008.
In my opinion the finances of MLB are in trouble and we are going to see many many teams stressed.