|
|
Article: Study Shows Red Sox Financially Competitive at Fenway Park; Predicts Economic Difficulty if Owners Build New Stadium
- Article from:
- U.S. Newswire
- Article date:
- June 13, 2001
CopyrightCopyright 2001 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
WASHINGTON, June 13 /U.S. Newswire/ -- Today, Ralph Nader and
Save Fenway Park! released an economic report concluding that: 1)
the Red Sox at existing Fenway Park are already financially
competitive with the rest of Major League Baseball; 2) it is
unlikely that a new stadium would enhance the Red Sox revenues to a
point that allows them to be more financially competitive than they
are now; 3) the proposed new stadium is such an economically risky
endeavor that a worsening financial condition of the Red Sox is a
distinct possibility.
The study was done by nationally known sports economist Robert
Baade, a professor at Lake Forest College in Illinois who is an
expert with extensive ...