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Originally Posted by jaymoney
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First that is a blog, second I did go to the Forbes article, I went through a few teams and never saw mention of "profit". I saw "operating Income" which IS NOT profit.
A measure of a company's earning power from ongoing operations, equal to earnings before deduction of interest payments and income taxes.
Forbes may be good at many things but they are estimates at best.
Somehow, I seriously doubt the Yankees lost money or the Marlins owner made a 43 million dollar profit.
I'm sorry I tend to believe Selig when he says teams are on the cusp of bankruptcy and close to not making payroll.