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In Response To Leak, Pirates Release Financial Information

Personally, I'd rather not spend my Sunday discussing financial statements, but this is the sort of thing that Pirates fans love to obsess over, so have at it. Basically, someone leaked some internal financial information to the Associated Press, so the Pirates are releasing it themselves so they can explain it first. The Bucs say they made about $5 million in 2009. They made more in '07 and '08, and they released about $20 million to the ownership group in 2008. The Bucs say that was to help owners pay taxes on the team's profits, and to repay owner Bob Nutting's family for a loan made in 2003 (when the Pirates' finances were so bad they had to trade Aramis Ramirez). 

Nothing here seems particularly strange to me, but I imagine we're going to hear a lot more about it when the AP report comes out. 

Photographs by dizfunk used in background montage under Creative Commons. Thank you.