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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).