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SBD/August 27, 2013/Franchises
Astros' Ryan Disputes Reports Of $99M Operating Income, Says Team Isn't Profitable
Published August 27, 2013
OFFICIAL DENIAL: The Astros last night released a statement that read in part, "As MLB will confirm, the information reported in the Forbes article relating to the Astros' revenues, the Astros media rights fee from CSN Houston, and CSN Houston's per subscriber rate are all significantly inaccurate. As a result, the conclusion about the Astros operational profit is significantly inaccurate." The statement continued, "As our young prospects develop, we will move them up to the Major League roster and increase our payroll to a level that will allow the Astros to compete for World Championships. The success of CSN Houston is a vital piece of that process and we continue to work toward establishing full distribution" (Astros). The Dallas Morning News' Tim Cowlishaw said Astros GM Jeff Luhnow "knows what he's doing," adding the team has "a great farm system and now they can build and make even more money.” ESPN’s J.A. Adande: “It’s like ‘The Producers': Sometimes there’s more money to be made in a flop than in a hit” (“Around the Horn,” ESPN, 8/26).