Tag: Bob Nutting
The long-held assumption among many has been that Bob Nutting is pocketing a fortune as the Pirates principal owner. Now that it has become apparent that the team is making just a modest profit, the complaints among frustrated Pirates fans has shifted to a more relevant issue. Should a team receiving significant revenue sharing be permitted to show even one dollar of profit?
Many fans got their wish today, as the Pirates opened their books to the public. Sort of. After financial records were leaked to the Associated Press, Bob Nutting and Frank Coonelly preemptively revealed the leaked details to local media members. I am far from an expert on finances, so I will just stick to a few of my general reactions.
As detailed by Dejan Kovacevic in the Post-Gazette, the Pirates have opened their books as a pre-emptive strike, due to the leaking of team...
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