Red Sox' Financial Info Released

The figures provided by owners and used by Bud Selig state that in 2001 the Red Sox:

  • posted operating revenues of $177 million and operating expenses of $174.3 million. Both figures represent the fourth highest total of the 30 teams
  • declared $2.7 million in profits before they contributed $15.4 million in revenue sharing. After revenue sharing was taken into account, the Red Sox lost $13.7 million, which was better than 24 of the 30 teams.
  • had the highest payroll. The Red Sox spent $118,471,000 on salaries and benefits, $535,000 more than the second-place Yankees.
  • took in $33.3 million in local broadcast revenue, fourth highest behind the Yankees ($56.7 million), Mets ($46.2 million), and Mariners ($37.9 million).
  • pulled in $89.7 million in gate receipts in Fenway Park, second only to the Yankees ($98 million).
  • lost $21,925,000 from 1995-2001. Only the Yankees and Indians turned a profit, while Cincinnati, Colorado, Milwaukee, and Seattle lost less money.