JAYS CHAIR TELLS CANADIAN GOVERNMENT PRO TEAMS NEED HELP
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).