Citi Field Business Analysis

The “New York Yankees” is the baseball team that has won 18 division titles, 40 AL pennants, and 27 World Series championships, all of which are Major League Baseball records. It makes great records and great success each year. And the impact it has on the global economy is huge. Major League Baseball is an oligopoly dominated by a few firms.

Being born and raised in Los Angeles, California, the article that intrigued me was “Dodgers asking $12 million a year for naming rights to field”, by Terry Lefton. In the eyes of some, commercialism has saturated historical Major League Baseball stadiums with signage and advertisements plastered across walls.

     In every move there are two sides to the politics. There are the teams themselves and there are the cities that fight to keep them. In May 1991, Sharon Pratt Dixon, Mayor of Washington, D.C. said, “We’re going to do whatever it takes to keep the Redskins here. Sports has become an industry, and to the extent that we can guarantee jobs for the District residents, we will do whatever it takes, including building the stadium ourselves” (Euchner 1), this is one view of how a city official fights for a team. The other viewpoint is from the side of the team owner, Al Davis, managing general partner of the Raiders said, “just build it” (Euchner 1). These viewpoints are why sports teams move and cities fight to keep

Yankee Stadium was said to have profited hundreds of thousands of dollars a year just by renting out the stadium to the Negro Leagues. Shadow-Ball further illustrates the substantial differences in funding between the MLB, and the Negro Leagues. Because they Negro Leagues didn't have the money to buy supplies such as baseballs in some instances, they created Shadow-Ball. In this process, the "players would actually practice hitting the ball and catching a ball that wasn't actually there. In fact, they would go full practices without even having a ball, which further enhanced their discipline and focus." (Conrads, pg. 6) but in some instances, when they couldn't play in Major League ballparks, they were simply left to play on the dilapidated fields various areas - wherever they could find a field. Other than this, the players in the Negro Leagues did not make as much money as their counterparts who played in the MLB. For example, in Jackie Robinson's case, he "signed his contract with the Dodgers…for the Major League minimum salary: $5,000…for the year." (Rampersad, pg. 167) Furthermore, in general, "Negro leaguers made about a quarter of what their counterparts in the major leagues were making," but they kept their spirits alive, obliterated the negative energy, and kept playing the sport they loved…baseball. (Conrads, pg. 2)

After playing two season in their first ballpark, a new $78,000 stadium was built on the same site as the original ballpark. On July 24, 1948, the new Municipal Stadium was dedicated.

If he was still alive when he sold the team, his income taxes would have been based on the profits of his initial investment of $25,000 in 1959. The team is now worth $870 million.

I researched many sources to budget our nfl team, and how much money we would receive from the state of nevada. So the research that was found was from tennessee. We researched Tennessee's minor league baseball team, las vegas minor league baseball team, and then Tennessee Titans NFL team. So we figured that the Las Vegas minor league team gets about nine million dollars a year, then the tennessee minor league team gets about eight million seventy five thousand a year, and the last one we researched was the Tennessee Titans which they receive three hundred forty two million a year. So we set up ratios to figure the cost of what our team received, this ratio is set up as X over 9 is equal to 342 millions over 8.75 million, then we multiplied 342 million and 9 million, then divided the 8.75 million to get us with 351, 771, 428. This number represent how much we would receive from nevada. Then you add in the yearly budget the NFL gives each team which is about 226,400,000, so the total funding our team would like to receive with both NFL and Nevada's funding each year would be around 578,171,428.

One of the biggest events that really sparked the start of the new interest of baseball was the building of the new New York Yankee stadium. By the outside being painted, light towers being placed in the outfield, a two story concession stand being built, and corporate boxes being put in, the Yankee’s manager, Leland “Larry” MacPhail, was really setting the stage as to what baseball and baseball parks would turn

Like you I also wrote about the Yankees and the constant increasing prices for professional sports. The new Yankee Stadium cost $1.3 billion dollars and the average ticket will be approximately $72 dollars. There are 50,287 seats in the new stadium that equals $3,620,664 dollars per game or $296,894,448 dollars per season just in ticket sales. It is crazy what we pay to follow the teams we pull for. Like you said with the Memphis Grizzlies ticket prices high in any professional sport. Thanks for your post!

According to the collective bargain agreement 20% of the local revenues are given to a common pool. We assume that 45% is given back to Texas Rangers after the funds are shared.

3.) Strong presence in high margin health services business. In addition to UnitedHealth Group’s leadership position in the health benefits market segment, UnitedHealth Group has strong information and technology based health services platform through its business segments which is Ingenix, OptumHealth and PrescriptionSolutions. The “CNN MONEY” (2012) website states Ingenix is one of the largest health information, technology and consulting companies in the world. The UnitedHealth Group derived $2.3 billion of revenues from Ingenix which contributed $284 million (excluding $200 million in goodwill impairment and business line deposition charges) of operating profit, and an operating margin of 12.1% during FY2010.

Additionally, because of the tax rules, 50% of the purchased price, which is $12 million, was designed as the value of the player roster then. This value was capitalized and depreciated over six years.

America is in the midst of a sports construction boom. New sports facilities costing at least $200 million each have been completed or are under way in Baltimore, Charlotte, Chicago, Cincinnati, Cleveland, Milwaukee, Nashville, San Francisco, St. Louis, Seattle, Tampa, and Washington, D.C., and are in the planning stages in Boston, Dallas, Minneapolis, New York, and Pittsburgh. Major stadium renovations have been undertaken in Jacksonville and Oakland. Industry experts estimate that more than $7 billion will be spent on new facilities for professional sports teams before 2006.

• Q: What is the impact of the sale of the stadium transaction on Ciclón’s 2003 Income Statement and Statement of Cash Flows (under the Indirect Method), and on its Balance Sheet for the year ended on December 31th, 2003? Items to be addressed cash payment of $ 100 million cost of building the new stadium was $ 20 million market value of the land was $ 12 million the book value of the old stadium was $ 1 million useful live of the stadium was 40 years demolition cost at end useful live estimated $ 5 million (I take it as estimated $ 5 mio in 2043).

State and local governments have become increasingly responsible for financing many of the new arenas and stadiums demanded by professional sports teams. While local officials have a long history of efforts to attract team to their communities, the task of securing the funds needed to build the required playing facilities is relatively new. During the early years of professional sports through the 1950s, most teams played their home games in a privately owned stadium or arena. Team owners wanted little involvement from the public sector in their business affairs. Later, when publicly funded facilities became more common, the teams and other users paid rental fees that helped offset the