“I don’t care who you are or how much money you have- you can’t lose a million or so each year.”
“Sometimes I wonder why I have continued (to take losses) for as long as I have. Maybe it’s been too long,” he said with a slight smile, “I really don’t know.”
“When I look at it from a business standpoint a man would have to be:
“B. Like to lose money
“C. Like to continue to lose more money.”
“And no one — at least that I know of — is like that.”
That was Boston Red Sox owner Tom Yawkey, in 1967, explaining why there was no way the Red Sox would still be playing in Fenway Park by 1972. In addition to saying it would be “almost impossible to exist financially in Fenway Park,” Yawkey dropped a reference to the Braves moving out of Boston to Milwaukee, and was described (by longtime Boston Globe reporter Will McDonough) as having exhibited “tremendous generosity in all phases of his operation over the years,” which will come as a surprise to all the African-American ballplayers he refused to employ on his club.
Anyway, go read it, it’s a great blast from the past. And then have a look at this.