https://www.mlbtraderumors.com/2020/05/latest-chatter-on-coronavirus-altered-season.html
With discussion of percentages of revenue from gameday operations, this came to mind:
https://www.seattletimes.com/sports/financial-records-show-pirates-win-while-losing/"The Pirates made nearly $29.4 million in 2007 and 2008, according to team financial documents, years that were part of a streak of futility that has now reached 18 straight losing seasons. The team’s ownership also paid its partners $20.4 million in 2008.
"The documents offer a rare peek inside a team that made money by getting slightly less than half its income (about $70 million) from MLB sources – including revenue sharing, network TV, major league merchandise sales and MLB’s website. The team also held down costs, keeping player salaries near the bottom of the National League, shedding pricier talent and hoping that untested prospects would blossom."
...
"The gem of a stadium opened in 2001 at a cost of $262 million, with the Pirates covering $44 million, after the team long lobbied for a baseball-only venue that would maximize revenues. Attendance peaked during the inaugural season at 2.4 million, but declined to a low of about 1.6 million last year. During the two years covered by the documents, gate receipts (more than $66 million) barely were enough to cover the expenses for ballpark and game operations, public relations, marketing and administration costs, much less payroll.
"Still, the club is profitable, taking in $15,008,032 in 2007 and $14,408,249 in 2008. Coonelly said Sunday the Pirates made $5.4 million in 2009."
