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Hanxter · 03-13-2004, 12:59 PM

Yankees can expect to lead audit round
By Scott Van Voorhis
Friday, March 12, 2004

The good news for Red Sox Nation is that public enemy No. 1., New York Yankees boss George Steinbrenner, may soon find himself on the hot seat over the mountain of cash his team's local media network is pulling down.

The bad news for the Fenway faithful, however, is that the Sox could soon have a similar problem.

Major League Baseball is poised to audit the finances of the Yankees' YES media network, say sports business experts following the issue.

The league is responding to long-standing allegations that the Yankees are not reporting tens of millions of dollars generated by the Bronx Bombers' sports network. That could mean millions in revenue that the Yankees should be paying into Major League Baseball's revenue-sharing pot, said Andrew Zimbalist, a Smith College sports business expert.

Baseball's revenue-sharing plan stipulates that 34 cents of every locally generated dollar goes into a fund to help subsidize struggling teams in smaller markets.

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03-13-2004, 12:59 PM	#1 (permalink)
Hanxter The Griffin	Revenue sharing - Not From "The Boss" Yankees can expect to lead audit round By Scott Van Voorhis Friday, March 12, 2004 The good news for Red Sox Nation is that public enemy No. 1., New York Yankees boss George Steinbrenner, may soon find himself on the hot seat over the mountain of cash his team's local media network is pulling down. The bad news for the Fenway faithful, however, is that the Sox could soon have a similar problem. Major League Baseball is poised to audit the finances of the Yankees' YES media network, say sports business experts following the issue. The league is responding to long-standing allegations that the Yankees are not reporting tens of millions of dollars generated by the Bronx Bombers' sports network. That could mean millions in revenue that the Yankees should be paying into Major League Baseball's revenue-sharing pot, said Andrew Zimbalist, a Smith College sports business expert. Baseball's revenue-sharing plan stipulates that 34 cents of every locally generated dollar goes into a fund to help subsidize struggling teams in smaller markets. linkage Last edited by Hanxter; 03-13-2004 at 01:11 PM..