Clipping:Louisville Club finances 3
Jump to navigation
Jump to search
 |
| Add a Clipping |
| Date | Wednesday, March 2, 1887 |
|---|---|
| Text | The statement of the receipts and expenditures for the year 1886, which was presented at this [annual stockholders’] meeting, will surprise the officials of the high-priced clubs in the East. It is a well-known fact that the Louisville team is the cheapest in either the Assoiciation or League, and that the base ball reading public may know exactly how the money came and went, the fiollowing financial statement is appended: RECEIPTS Gate receipts........................................................$31,665.40 Tickets sold away from park............................... 6,078.10 Amount received on foreign games................... 7,646.20 Season tickets.................................................... 245.00 Members’ tickets............................................... 410.00 Park rents.......................................................... 294.45 Privileges.......................................................... 450.00 Players’ fines.................................................... 335.00 Release of players............................................ 440.00 Total receipts......................................... $48,593.15 EXPENDITURES Players’ and manager’s salaries........................ $23,032.75 Sundry expenses, travel, hotel bills, etc............ 14,762.70 Outstanding liabilities all paid......................... 1,490.00 Guarantees paid visiting clubs.......................... 7,021.95 Dividend on stock to date................................. 586,00 Total expenditures............................... $46,833.40 Balance on hand............................................... 4,435.57 The profits of the year, as estimated by the treasurer, were about $6,500. Hitherto the club has not paid a divident, mainly on account of the expenses incurred in making ground improvements. Had it not been for the disastrous luck of the team in the latter part of the season, when the Lousivlles lost twenty games out of twenty-one played, the club would have made at least $6,000 more than was realized. The gate receipts during the last twenty contests played on the local grounds were not enough to pay the guarantees to the opposing teams. |
| Source | Sporting Life |
| Tags | |
| Warning | |
| Comment | Edit with form to add a comment |
| Query | Edit with form to add a query |
| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
Comments
<comments voting="Plus" />