Vikings: We Made A Mistake With Peterson Braves' Naming-Rights Deal Worth $10M Annually NFL Could Intervene In Greg Hardy Case Atlanta Mayor Vows City Won't Lose Hawks CFL Argos Owner Addresses Potential Buyers Selig Talks Mets Discrimination Suit, Payroll NBA Kings Experimenting With 3D Printing Technology Peter Guber To Buy OKC's Triple-A Team SunTrust Buys Braves Ballpark Naming Rights Vikings Reinstate Peterson Despite Abuse Charges
Upcoming Conferences and Events
MARINERS WANT KING COUNTY TO BUILD THEM A CASTLE
Published October 19, 1994
In an attempt to persuade King County officials to build a community-financed stadium, Mariners CEO John Ellis yesterday disclosed the team's financial statement revealing that the team has lost between $42-50M over the past three seasons. At that rate, Ellis told the King County Stadium Alternatives Task Force, Mariners owners will lose $50M by 1995. Ellis contended that the only way to stem the losses is to build a 45-47,000-seat baseball-only stadium and to have MLB reach an agreement on revenue sharing and a salary cap with the players union. Ellis further added that if a publicly-financed stadium is not built, the Mariners would leave Seattle. Ellis: "I'll tell you if it's (baseball) gone, you'll know it, and other communities are standing on their ears [to have a team like the Mariners]." The Task Force did not dispute the team's losses, but several members questioned how the public could pay for a stadium estimated to cost at least $250M. Ellis admitted that even if King County agrees to the stadium, "things might not change" for the team if a new CBA does not include revenue sharing and a cap (Angelo Bruscas, SEATTLE POST-INTELLIGENCER, 10/19).