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Mets, Yankees Saw Ballpark Revenue Drop In '13, Blame Subpar On-Field Showings
Published March 31, 2014
BOMBERS NOT BANKERS: NEWSDAY's Baumbach cited a Yankees financial report as showing that the team's luxury-box revenue declined nearly 21% last season from the year before, which the team "attributes to missing the playoffs for the first time in five years and injuries to star players." The Yankees reported $278.8M in ticket and luxury-box revenue for the '13 season, down from $352.9M the year before. The $278.8M "included postseason refunds or credits" of $21.2M. The '13 figure "represents the team's lowest single-season ticket revenue since it moved into the new Yankee Stadium" in '09, when ticket revenue totaled $397M. The team's ticket and luxury-box revenue declined 29.8% from '09-13. Yankees COO Lonn Trost said, "This was not the typical Yankee team, and the injuries really had a change in the public's awareness and the buying of tickets during the year. We were obviously not surprised the ticket purchases were down" (NEWSDAY, 3/30).