Comptroller: Yanks owe $11M in back rent

If Moose retires, CC becomes a necessity
Kennedy debuts in Puerto Rico

It looks like the Yanks forgot to pay the rent. According to a rather boring and technical audit — aren’t they all like that? — by New York City Comptroller William Thompson (available here as a PDF), the Yankees misreported some attendance, revenue sharing and cable numbers. As a result, the team owes the city $11 million in Yankee Stadium back rent. The Yanks do not dispute these findings — which include some lofty numbers on concession sales — and have submitted $7 million to the city. The rest the team will fork over in March. It looks like in the midst of a financial crisis, New York City is going to crack down on delinquent bills.

If Moose retires, CC becomes a necessity
Kennedy debuts in Puerto Rico
  • Andy In Sunny Daytona

    Deadbeats.

  • http://www.riveraveblues.com Ben K.

    By the way, it really looks like the Yanks just print money at the stadium. Over $250 millin in food sales over four years is pretty sick.

    • steve (different one)

      and aren’t they doing that thing with the cowboys to control the concessions and make even MORE money?

  • Andy in Sunny Daytona

    Is that regular season only? Beacuse thats somewhere around $14 per person per game. That’s about right.

  • http://www.riveraveblues.com Joseph P.

    This grant ensures a light bulb in every classroom, and a high-definition TV for the teachers lounge.

    • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Mr. Snarky Irrelevant Non Sequitur Jones

      A chicken in every pot, and a cap in every ass.

  • Ban Bud

    Shouldn’t the other teams in the league pitch in to pay this bill? “Fairness” and all that?

    • http://www.riveraveblues.com Mike A.

      Rent sharing? I like it.

  • DonnieBaseballHallofFame

    I think MLB has a sweetheart deal with the Yankees. I think the real deal with Jerry Jones was about how to make more money and give less to MLB.

    Jerry Jones has his own merch deal outside of the NFL which is super big money. If the Yanks could somehow opt out of the MLB merch deal that would bring in at least another hundred million a year easy. The Red Sox could also bring in a ton, as well.

  • Steve

    I thought the Yanks don’t pay rent to the city on the current facility.

    So much for that canard.

    • http://www.spartacus.schoolnet.co.uk/CRsmithT1.jpg tommiesmithjohncarlos a/k/a Mr. Snarky Irrelevant Non Sequitur Jones

      But in exchange for no rent, the City also is no longer responsible for maintenance. Every chunk of cement that falls from the ceiling is now the Yankees job to fix.

      It’s not enough of a net financial gain to make it worthwhile to the city, but it’s something.