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Dodgers World Series title is not enough to stop the team from losing money



The Los Angeles Dodgers just won the World Series-but they also just lost a bunch of dough.

The star-studded Major League Baseball franchise-a dramatic 3-1 victory over the Tampa Bay Rays in Game 6 of the Championship Series on Tuesday night- The loss this season this season is about 125 million dollars, learned.

This is even worse than the league average for a year devastated by the coronavirus. In an interview this week, Major League Baseball Commissioner Rob Manfred revealed that the 30 teams in the league are expected to lose a total of $2.8 billion to $3 billion this season, with an average of 9,700 per team. Ten thousand U.S. dollars.

According to sources with knowledge of the team̵

7;s financial situation, the biggest losers are the big market teams, including the Yankees and Mets. Despite the victory, the Dodgers are no exception. In an interview with CNBC on Tuesday, the Dodgers CEO Stan Kasten admitted that the team’s revenue has plummeted by more than $100 million this season.

Carsten said: “As much as any team or more teams, because we have so many fans, and in a normal year we have so much revenue.” “This year we Most of them have not been received.”

Carsten did not elaborate, and a spokesperson for the Dodgers declined to comment. A source close to the team said that the loss occurred after the Dodgers turned last year, and the 2019 season’s profit was approximately $60 million. The source added that if Major League Baseball cancels the 2020 season, the Dodgers will lose much less.

Indeed, since playing games means losing money, loss is a dilemma for big market owners, says Greg Bouris.

“If you don’t ask yourself whether it is worth playing the game, you will be a bad business owner,” Boris told The Post. “Why do you aggravate these losses next year? I hope the fans like the World Series because I don’t know when we will see baseball again.”

According to Forbes, the Dodgers collected $185 million in ticket revenue in 2019-well above average, albeit less than the Yankees’ $287 million. Forbes said the average ticket price for the Dodgers was $43, while the average ticket price for the Yankees was $65. All in all, attendance accounts for 40% of the Dodgers’ total revenue.

A sports banker said this is in line with the average for Major League Baseball, which earns another 40% of its revenue from media rights (national and local), with the rest coming from sponsorship and suite deals.

The combination of the loss of ticket revenue and the cost of the Dodgers’ amazing payroll will total $108 million by 2020, the second highest in baseball. Although the 2020 season cut 60 games from 162 games-even though the games were played in empty stadiums, the Dodgers, like all teams, were forced to pay players every game.

These stars include left-handed starting pitcher Clayton Kershaw (Clayton Kershaw), who made $16 million in a short season; and outfielder Mookie Betts, who made $10 million.

In contrast, the Tampa Bay Rays attracted only 1.2 million fans in 2019, with a total salary of $28 million, ranking 27th. Therefore, it is clear that their losses are much less than the Dodgers.

Sources said that when they weigh the prospects for 2021, large marketing teams are likely to speak out for their bottom line in the coming months.

Until this year, all teams have allocated 48% of their local income to Major League Baseball (MLB), which is equally divided with all teams. Therefore, when swapping players, small market clubs like Reach and Dodgers Such a large market team is at a disadvantage.

The source said that MLB’s collective bargaining agreement will end after the end of next season, and the big market team is expected to argue that after this year’s disaster, they should share less revenue with MLB.

In the case of the Dodgers, this year’s loss was exacerbated by the interest payments on the $400 million debt the team assumed from the 2012 leveraged buyout, in which the Guggenheim partners bought 90% of the team, including Partner executive Mark Walter (Mark Walter), investor Todd Boehly (Todd Boehly) and NBA legend Magic Johnson (Magic Johnson).

After losing money to sign big player contracts and establish the losses they hope to become champion clubs, the Guggenheim Partnership began trading high-rollers such as Adrian Gonzalez and Scott Kazmir to cut salaries to more manageable levels and make Dodgers The team is profitable.

Last year, the owners of the Dodgers sold a minority stake in a transaction valued at $3.2 billion.


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