Major League Baseball’s team owners, bless their hearts, are once again trying to convince the public that owning a baseball team isn’t all that profitable. Never mind the $15 beers and the $6 sodas and the $10.7 billion revenues that MLB reportedly brought in for 2019.
Owning a Major League Baseball team in 2020, says another billionaire owner, just isn’t that profitable.
On Tuesday, it was Bill DeWitt Jr., owner of the St. Louis Cardinals, adding himself to the list. He told 590 The Fan in St. Louis, “The industry isn’t very profitable to be quite honest,” which is perhaps true if you compare it to growing trees that have $100 bills for leaves.