Between 1903 and 1991 the value of the Yankees appreciated at a compound annual rate of 11.4 percent. — Andrew Zimbalist
Between 1903 and 1991 the value of the Yankees appreciated at a compound annual rate of 11.4 percent.
p. 68Source: Wikiquote · CC BY-SA 4.0
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Baseball's owners must be the only U.S. citizens whose parents never told them the story of the boy who cried wolf. Their perennial cry of evaporating profits and imminent catastrophe in the presence of rapidly growing revenues and escalating franchise values is hard to take seriously.
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How is it that the average CEO in Japan receives an annual income of $300,000 while the average CEO in the United States earns $2.8 million?
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It is well to recall that in 112 years of major league baseball, there has been only one bankruptcy filing.
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