Monday, August 23, 2010
2010 Balance Sheet Preview: $80,000 jewelry expense
This morning Deadspin published leaked financial statements from a number of MLB teams, including the Florida Marlins. I haven't had much time to parse the documents yet, but in 2008 and 2009 the team reported consolidated net incomes of $29.4 million and $3.9 million, respectively. I'll be taking a look at the financial statements tonight, and Deadspin will also provide more analysis, which I will link here as everything develops. It all should make for an interesting start to the week.
UPDATE: Maury Brown breaks down the numbers at Biz of Baseball. The Marlins pulled in over $90 million in revenue sharing money during 2008-2009, compared to a little over $30 million in broadcasting revenue over the same period. Suck on that, ghost of Steinbrenner. Also of note, the Fish spend about $30 million per year on player development, the most of any of the five teams whose records were posted by Deadspin.