[quote name='dafoomie']The Sox make money. They own 80% of the network that carries their games (NESN), which draws the highest ratings of any team in Baseball. They own Fenway Sports Group, which handles advertising at other events (which is now very profitable), and they own half of Roush Racing. These are people that know how to make a buck. They're a private company, so they don't disclose their financial data.
The value of the team went from $339 million in 2001 to $724 million this year, if that says anything. Here's what Forbes has on them:
http://www.forbes.com/lists/2007/33/07mlb_Boston-Red-Sox_330700.html[/QUOTE]
Thanks for the link, but let me say that value looks to be one of the more useless measures in that table. It shows what the team is worth if they're to be sold, but nothing more than that, really.
The next two charts are far more interesting to me, really. More operating income than revenue as well. For 2007 (this must be an estimate, since the page was written back in early April), operating income is defined as "Earnings before interest, taxes, depreciation and amortization." The Red Sox, based on that chart, have had three profitable seasons since 1999, then. This year they appear to be estimated to have a $20 million profit. That profit is almost single-handedly attributable to the increase in revenue (duh, I suppose) that is estimated as being $28 million higher this year than last year. Given an estimated $20 million income, then, without that growth, they'd be having another year of negative income (though $10m less than 2006).
They're luckier than the Yankees in some regard (check out their page), but saying "The Red Sox make money" is not true. They make some money sometimes, but summing up all the years from 2000 on, they're in the red.