Booming Business
Some economy experts may argue that the United States is heading towards or is already in a recession, but the Yankees are in anything but a slowdown at the moment. In fact, it is quite the opposite. Today the Yankees announced that they have already sold a record-breaking 3.8 million tickets for the 2008 season! That is 400,000 more than they had sold at this time last season. And all this with the highest ticket prices in Yankee history (they are the highest whether or not you consider inflation as well.) It is crazy, but then again it is also history. It is the last year at the great Yankee Stadium and it is something which most Yankee fans, including me, would pay a lot to be a part of. No one is really happy with the price hikes, but when it comes to the facts the truth is that baseball is a business.
I think it is pretty obvious that this will be the eighth year in a row where home attendance grows for the Yanks. At current rates this will also be the most profitable season for any baseball team ever. This will also be good for the sport, as the Yankees get more press coverage. Other teams may also benefit due to the revenue sharing agreement, so that should make some owners happy (cough -Marlins owner- cough) This season will certainly be a memorable one for everyone including fans, team owners, and the MLB.
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