Report: Dodgers On Pace To Lose More Than $42M Since’09
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LOS ANGELES – Last week the Los Angeles Times estimated the Dodgers could lose $27 million from declining attendance, but now there’s more concrete numbers — and they aren’t good. According to data filed in U.S. Bankruptcy Court and reported by the Los Angeles Times, the Dodgers are on pace to lose more than $42 million in annual revenue since 2009.
In 2009 when Frank and Jamie McCourt announced their separation, the Dodgers brought in $282 million. Last season revenue dropped to $265 million and at its current pace, the team will finish at $240 million this year, the newspaper reported. It could be even worse, Andy Dolich, a former business chief for for the Athletics, 49ers and Grizzlies, told the Times’ Bill Shaikin, as teams usually make more money in the first half of the year than the second. And with the Dodgers’ continuing woes, that would certainly make sense.
The court filing also showed inconsistencies from McCourt’s previous filings, with more money going to McCourt’s affiliated businesses than he’d reported before, although a spokesman for McCourt denies the discrepancies.