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Local Accountant: Pirates Not A Cash Cow

A local accountant has analyzed the Pirates’ 2007-2009 financial records, which were leaked and published on Deadspin this week. Essentially, it appears that the Pirates aren’t making a lot of money right now, just enough to get by year to year. The endgame for Bob Nutting, then, as with owners of many other teams, isn’t to use the Pirates as his personal checking account – not that he could do that anyway. Rather, it’s to cash in when he ultimately sells the team, as market values of major league franchises tend to increase over time.

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