MLB Notes: Taxes, revenue sharing mean Yankees lose money
By Seattle Times news services
NEW YORK ??? Despite drawing more than 4 million fans, the Yankees lost between $50 million and $85 million for the 2005 season, several major-league baseball sources told the New York Daily News. The benefactors of baseball, who pumped more than $200 million into their payroll and almost $110 million into revenue sharing and luxury tax, are deep in the red this year.
"Yes, even George has his limits," one source said.
Add this to the $37 Million they lost in the 2004 campaign