z Funny how neither the Colts nor the Pacers are considered moneymakers, but the IBJ reports today:
Indianapolis Indians take big revenue hit, but team still profitable
Team profits declined from $1.23 million in 2008 to $459,603 this year. Despite that, the team’s board voted unanimously to pay a dividend.
Maybe it’s just a management problem with the ‘big boys.’ The Indians have no lucrative national television contracts, relatively few big advertisers and don’t make any wild claims like ‘our facility is utilized 200+ days a year.’
Strange, indeed, that they remain profitable and the others two teams always seem to need more handouts from taxpayers.
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I remember when the CIB mess was being reported on a lot, and the Indians basically came out and said, in the nicest way possible, “Please don’t associate us with these idiots.” Even though the CIB does control Victory Field, it seems that the Indians benefit very little, if any, from the increased CIB taxes.
Unlike the Pacers, the Indians do pay rent on their facility. And although the Colts pay rent on LOS, 25k per game is a pittance compared to the amount of revenue they receive.
Activists should encourage support & attendance for Indians’ games, perhaps even a function or few…