SBNation’s Elliott Turner dug into Columbus Crew owner Anthony Precourt’s claim that he needs to move the team to Austin because the “business is struggling,” and, surprise surprise, it turns out this is not so much the case:
- The Crew currently pay a piddling $72,000 a year in rent. In fact, they’ve only paid $1.14 million in rent their entire 19-year history.
- The team pays no property taxes on its stadium, an annual savings of $414,000. The New York Red Bulls, by comparison, pay more in property taxes each year than the Crew have paid in their lifetime as a franchise.
- The Crew brought in around $11 million in ticket revenue in 2017, plus about $1 million in parking revenue, plus an undetermined share of naming rights money. Turner doesn’t provide comparable figures for other MLS teams, but it’s worth noting that the Crew were right in the middle in terms of team revenues in past rankings.
Is that thriving? The team’s total payroll is under $6 million, so … really, it depends on how much it costs to run the rest of the operation. But the Crew’s costs and revenues are pretty comparable to other MLS teams, so this means that either 1) Precourt is lying about needing to move in order to turn a profit, or 2) pretty much all MLS teams are struggling financially. And either way, there’s no reason to think he’d be better off in Austin. It’s almost as if he’s trying to come up with an excuse to threaten to leave, in order to get subsidies for a new stadium out of Columbus — hmmmmmm.