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Pirates made $29.4M in 2007 and 2008

Updated: August 23, 2010, 7:46 AM ET
Associated Press

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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