Pirates made $29.4M in 2007 and 2008
PITTSBURGH -- Don't feel too sorry for the cellar-dwelling Pittsburgh Pirates. Losing has been profitable.
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) ...
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