Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Franchises

TWIN KILLING -- STRIKE & DOME TO BLAME FOR $11M LOSS IN '94

     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).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1995/09/25/Franchises/TWIN-KILLING-STRIKE-DOME-TO-BLAME-FOR-$11M-LOSS-IN-94.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1995/09/25/Franchises/TWIN-KILLING-STRIKE-DOME-TO-BLAME-FOR-$11M-LOSS-IN-94.aspx

CLOSE