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Here's really just a little of how they cook the books...

OAFC BBS - All Topics: Archive: Here's really just a little of how they cook the books...
Top of pagePrevious messageNext messageBottom of pageLink to this message   By diamond_lil on Tuesday, April 01, 2003 - 01:59 pm:

http://espn.go.com/mlb/columns/neyer_rob/1532214.html

What does the YES-Cablevision deal mean?

It means a lot of money in The Big Stein's pockets. One estimate has YES pulling in another $60 million in subscriptions alone, and that doesn't even consider the increased advertising revenues, estimated in the tens of millions. In addition to the extra riches, this deal gives Steinbrenner and his accountants another opportunity to cook the books, as we know from prior experience that YES will significantly underpay for the rights to broadcast the Yankees, thus allowing the Yanks to shelter a goodly portion of their revenues from revenue-sharing.

(For more on these sorts of shenanigans, I highly recommend Andrew Zimbalist's new book, May the Best Team Win. If you read this book and whatever Doug Pappas is writing, you'll know everything about the ugly side of baseball that you need to know.)

Top of pagePrevious messageNext messageBottom of pageLink to this message   By bleacherdave on Tuesday, April 01, 2003 - 07:16 pm:

Steinbrenner's accountants aren't "cooking" the books. They're just doing their jobs and applying Generally Accepted Accounting Principles. The A's should be proactive and investigate establishing a regional sports network instead of whining about a pie-in-the-sky stadium. Of course, that would mean the end of free A's games on TV. Taxpayer funded stadium, pay cable, lost players. Evils all around - which is the lesser?


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