May 16, 2025May 16 1 hour ago, southsider2k5 said: Honestly based on seeing teams adding debt for operations costs, and knowing the Sox revenue streams have just been destroyed in recent years, I would be shocked if the Sox weren't legitimately in the red. Very possible but since they won't open their books to an independent auditor we have no way of knowing. I'd 'balance' your comment with the fact that MLB by Manfred's own admission is now a 13 billion dollar a year industry and they have more domestic and international monetary revenue streams then ever before. And JR and the White Sox get their cut. Plus in the majority of the years between 2018 and today the Sox have had very low payrolls, during the first rebuild for example for 2017-2019 they were either dead last or near the bottom in payroll in MLB...while still getting their cut from local deals, ticket sales, merchandise, parking et al. To say nothing of the very good stadium deal. Anything is possible unfortunately we'll never know for sure.
May 16, 2025May 16 11 minutes ago, Lip Man 1 said: Very possible but since they won't open their books to an independent auditor we have no way of knowing. I'd 'balance' your comment with the fact that MLB by Manfred's own admission is now a 13 billion dollar a year industry and they have more domestic and international monetary revenue streams then ever before. And JR and the White Sox get their cut. Plus in the majority of the years between 2018 and today the Sox have had very low payrolls, during the first rebuild for example for 2017-2019 they were either dead last or near the bottom in payroll in MLB...while still getting their cut from local deals, ticket sales, merchandise, parking et al. To say nothing of the very good stadium deal. Anything is possible unfortunately we'll never know for sure. We know that at least two teams are taking out loans to cover daily operations, and they have TV revenue coming in.
May 16, 2025May 16 1 hour ago, southsider2k5 said: Honestly based on seeing teams adding debt for operations costs, and knowing the Sox revenue streams have just been destroyed in recent years, I would be shocked if the Sox weren't legitimately in the red. They've pretty dramatically lowered ticket prices (compared to the rest of MLB) over the last decade or so....the only thing they're making a killing on is parking and concessions. The CSHN thing might might might be making in the $8-10 million range (if they're lucky), and that's down from $70 million previously. Without the Comcast deal, they're missing out on another $3-5 million at the very least, but probably closer to $10-15 million. It's just incredibly difficult to properly value their broadcasting rights because of the quality of product (immediate and near-term) versus the long-term potential value of 25-40% of the Chicagoland market, which is surely one of the reasons that Ishbia chose the Sox over the Twins. That and 9% debt with the White Sox, versus 25%+ debt load to NAV and $425-450 million assumed with the Twins.
May 16, 2025May 16 25 minutes ago, southsider2k5 said: We know that at least two teams are taking out loans to cover daily operations, and they have TV revenue coming in. Yes, the Rangers are one of them, but they're on solid ground overall because of the benefits of a World Series win lasting somewhere between 3-5 seasons (plus the new/er stadium on top of that).
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