Clipping:Athletic Club finances 9

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Date Saturday, December 20, 1890
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[reporting on the audit of the books of the Athletic Club] The books show conclusively that without themost glaring mismanagement the club should have been a good winner ever since its reorganization in 1888. In that year the receipts were $98,000 and the team's salary list $42,000; the other expenses, at the very outside, should not have exceeded $20,000, salaries of officers included. In 1889 the receipts were $93,000; team's salary list, $38,000. Even last season the club, with its weak team and generally demoralized condition, took in $42,000, while the salary list was only $24,000, and yet, in face of all this, Treasurer Whittaker leaves the club bankrupt and with unsettled obligations amounting to about $26,000!

Source Sporting Life
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Submitted by Richard Hershberger
Origin Initial Hershberger Clippings

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