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TWIN KILLING -- STRIKE & DOME TO BLAME FOR $11M LOSS IN '94
Published September 25, 1995
The Twins lost about $11M in '94 and "fell out of compliance" with AL financial stability guidelines, according to an independent audit of the team obtained by the Minneapolis STAR-TRIBUNE. Jay Weiner reports the team was "devastated" by the strike, which dropped operating revenues 44% -- from $52M to $29.8M. Expenses fell only 18%. Twins VP/Finance Kevin Mather estimated the Twins were one of a dozen MLB teams in the financial non-compliance zone (Minneapolis STAR-TRIBUNE, 9/23). Meanwhile, today in the Twin Cities, NFL Commissioner Paul Tagliabue joins Vikings President Roger Headrick before the Advisory Task Force on Professional Sports to suggest that the Metrodome should be managed by an arena management firm. Headrick will add that the dome is not suitable for two franchises, and the facility without the Twins "might even be preferable." A new taxpayer-funded ballpark, however, doesn't appear to have public support. A poll released Sunday by the St. Paul PIONEER-PRESS and KARE-TV showed 69% of Minnesotans opposed funding a new baseball stadium, with only 21% in favor (Minneapolis STAR-TRIBUNE, 9/25). NOT STRAIGHT A'S: As reported in Friday's S.F. CHRONICLE, the A's are on track to lose $20M-$25M this season. That makes the team "among the teams most hard-hit" by the strike (Steve Kettmann, S.F. CHRONICLE, 9/23).