Bio • Email • Archive
 

Dodgers on track to make lots of money this year

kemp.jpgGood news for the new owners - the team's operating income is expected to be north of $20 million, up from just $1.2 million last season, reports Forbes sports writer Mike Ozanian, citing sources. Only the Cubs and Cardinals are likely to earn more without the aid of revenue-sharing. Attendance is way up this season - averaging over 39,000 per game - though it obviously doesn't hurt that the Dodgers have the best record in baseball. Last year's team was unimpressive almost from the start, and of course there was all the fallout from Frank McCourt's divorce. This season's profits don't even factor in the potential windfall from a pending media deal that will allow the new owners, Guggenheim Partners, to keep more money than other teams with regional sports networks.


More by Mark Lacter:
California cities lose latest effort to keep redevelopment money
Dodgers on track to make lots of money this year
Another lousy day for the markets
Report: Feds launch criminal investigation into Frank McCourt
The myth that housing markets must improve in advance of full recovery
Recent Sports stories on LA Observed:
Dodgers on track to make lots of money this year
Dodgers show off Vin Scully bobblehead
Report: Feds launch criminal investigation into Frank McCourt
How football stadiums can turn into financial disasters
Kings head east to begin the Stanley Cup final

New at LA Observed
Follow us on Twitter

On the Media Page
Go to Media
On the Politics Page
Go to Politics

LA Biz Observed
Arts and culture

Sign up for daily email from LA Observed

Enter your email address:

Delivered by FeedBurner


Advertisement
LA Observed on Twitter and Facebook