Frayed Knot wrote: Frayed Knot wrote: When exactly did this team start "hemorrhaging money" as I believe Fred once put it? According to this hotshot, the pendulum swing in 2010. So, assuming that we're to take those figures as accurate, we need to simply accept that, with virtually no change in expenses, revenues for the club suddenly fell by over 100 million dollars (or close to 25%) in the span of one year (and then further after that) as this club flipped from being in a positive-$50mil situation to a negative-$50mil in the blink of an eye. Attendance fell approx 20% between 2009 & 2010 which, when combined with lower prices, could put a dent in finances. But the paid gate is only a portion of income (it certainly is a much smaller portion than in previous eras) and if the set-up of this team is such where anything short of 3+mil asses-in-seats each year (essentially its capacity*) leaves the club swimming in red ink then we're back to my earlier question about how the team stayed afloat this long or could reasonably expect to in the future. * 42K x 81 games = 3.4 million Assuming those figures are correct, I'd guess that (1) that 20% reduction in attendance came at the high end --- private suite-buying, private club-carousing, greasy-steak eating yucks. Those 1%-ers got a reality check with the crash and their discretionary values did not include a disappointing team playing in a homer-depressing stadium whose novelty value wore off fast. Good. Screw them and their scads of free-agent-supporting money. Long live the coupon clippers who help pay for the Mike Hessmans of this world. (2) Madoff got busted in December 2008. Some of those Madoff accounts were team-owned accounts, and those bogus revenues would have counted in prior years but didn't then. Would that show on the balance sheet? I don't know. And if so, why not until 2010? Mongo, again, merely pawn.