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JAYS CHAIR TELLS CANADIAN GOVERNMENT PRO TEAMS NEED HELP
Published May 27, 1998
Blue Jays Chair & CEO Sam Pollock told a House of Commons committee on the future of sports in Canada that the Blue Jays and all Canadian pro teams "are in financial peril," according to William Walker of the TORONTO STAR. Pollock said that the Blue Jays lost $35M in FY '97 and that he "forecasts a similar loss this year." He added that the team "started losing money in 1993 and hasn't been profitable since." But throughout his appearance Pollock "insisted" that the team was not asking for "government concessions" (TORONTO STAR, 5/26). He cited the low Canadian dollar, the "bad deal" between the government and business when the SkyDome was built, and the amount of taxes the Jays pay as "key reasons" behind its struggles, and added that "every time the Canadian dollar drops one cent, it costs the Jays $600,000" (CALGARY SUN, 5/26).