2006-12-23 02:04:00 · 32 answers · asked by Chuck Dhue 4 in Sports ➔ Baseball
1. An extremely rich owner
2. Tons of ticket sales
3. Merchandising
2006-12-23 02:11:37 · answer #1 · answered by Hot Pants 5 · 4⤊ 0⤋
Fact - Most of their money comes from TV channels buying the rights to their games (a regional cable deal, unlike the NFL with the national TV contract). Last year the Yankees actually lost money, not selling their games for enough. They also earn lots obviously from their ticket sales and merchandise.
2006-12-23 10:49:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The way the Yankees get all the money is because they are most popular team in the MLB. When you are the most popular team, you get most fans. Also because New York is heavily populated. So that's another reason why the have lots of fans. When fans buy tickets, that's money. Also, if you are good you attract even more fans. Everybody wants to go the games. They also have great players. They have sponsorships. People buy merchandise.
2006-12-23 06:43:22 · answer #3 · answered by redskinsfan1997 2 · 0⤊ 1⤋
The Yankees own the YES network as well having various radio affiliates.
Add that with paraphernalia and memorbilia sales of some the most popular current and past baseball players of all-time and you have a money making machine.
The Yankees logo is the most popular logo in sports.
Like him or hate him George knows how to make money.
2006-12-23 06:08:00 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Every sports franschise has many streams of revenue. It only makes sense that the most successful team in the biggest market would have the most money. BTW Steinbrenner GOT filthy rich AFTER he bought the Yankees. He made the most out of his investment. He was far from the wealthiest team owner when he bought the team.
2006-12-26 04:12:53 · answer #5 · answered by Big R 6 · 0⤊ 0⤋
these people are partially right
yankees own their own broadcasting network
http://en.wikipedia.org/wiki/YES_Network
here are some Yankees 2004 Radio Affiliates:
http://www.allsports.com/mlb/yankees/Broadcast.htm
you can imagin with all this going on, the yankees are making a billion dollars a year.
2006-12-23 04:38:56 · answer #6 · answered by Anonymous · 2⤊ 0⤋
Television
2006-12-23 06:24:54 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Well Chuck, for one selling tickets to their games. two selling t.v. rights to their games. three George Steinbrenner himself.four selling Yankee products such as t-shirts, hats, etc.. So there is alot of money it all that.
2006-12-24 11:25:28 · answer #8 · answered by cheekydogg1 1 · 0⤊ 0⤋
Yankees gets their money from ticket sales, apparal sales, the consession stands, sponsors, television and sport networks, commercial deals, and stock.
2006-12-23 02:29:29 · answer #9 · answered by Biker Babe 3 · 2⤊ 0⤋
Everyone here is right, but here is the important thing......The Yanks have an owner who is willing to spend it !!!!! I'm sure the Yanks don't have that much more $$ than the Cubs, but the Tribune Co. isn't as willing to spend it.
I'm not a Yankee fan, but I can see it would be fun to be one when you have an owner who spends like theirs.
2006-12-23 04:48:06 · answer #10 · answered by Anonymous · 1⤊ 1⤋