Chicago Cubs owner Tom Ricketts disputed that Major League Baseball owners rake in exorbitant amounts of cash from their respective clubs' annual revenue to ESPN's Jesse Rogers on Tuesday:
"Most baseball owners don't take money out of their team. They raise all the revenue they can from tickets and media rights, and they take out their expenses, and they give all the money left to their GM to spend.
"The league itself does not make a lot of cash. I think there is a perception that we hoard cash and we take money out and it's all sitting in a pile we've collected over the years.