Clipping:The financial situation
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Date | Wednesday, September 5, 1888 |
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Text | [editorial column] Financially, the season has everywhere, on the whole, been an utter failure, and it may be safely asserted that about three clubs have absorbed pretty much all the money there was in the business: Chicago, New York and Boston have every reason to be satisfied with the financial results of the season, but none of the other League clubs can look upon the net results with equal complacency. Two of the remaining five clubs will probably quit the season with a profit—but a profit altogether disproportionate to the labor, capital and risk involved—the rest will end the season more or less heavy loser. In the Association matters are even less satisfactory. The two leading money makers, Cincinnati and Brooklyn, acknowledge being behind last year in net gains; the Athletic Club will probably realize a small profit; Louisville expects to quite even, and the rest will, with the reduction of the admission rate and the return to the guarantee system, quit sure and heavy losers. |
Source | Sporting Life |
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Submitted by | Richard Hershberger |
Origin | Initial Hershberger Clippings |
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