Link sourced from bronxbanter: Murray Chass wrote an article half-heartedly describing the state of the Yankee finances. The article’s focus is on the impact of team salary on luxury tax, with a brief foray into the new CBA’s impact on said same. He includes references to Boston’s and Anaheim’s luxury tax bills, as if that constitutes research into fiscal viability. If one chooses to believe Chass, the only metric by which the status of the team’s fiscal situation can be described is by the interval since the last world championship. There is no discussion of profitability nor of revenue projections. By extension of his logic, every team in the league outside of St. Louis is a failure.
I don’t claim that New York is spending their money wisely, but there is nothing in this article that offers evidence to anything other than championships being the standard of running a business. Sure, every Yankee fan wants them to bring home a ring. I’m a fan of victories, but one must divorce themselves from that concept when considering the viability of the business. You can not win every year, but you can make money and sustain the institution. There’s a balancing act to be performed with high-profile teams. We are talking about different types of success, and I would think Chass should know better.