Wolff claims ballpark could boost A’s revenue almost $100 million annually
Last Friday, Lew Wolff was interviewed on an episode of CNBC Sports Biz, which you may have missed because it airs on NBC Sports Network instead of CNBC (what?). The show also is one of the few NBC properties that can’t be pulled up via streaming. Maybe the identity problem has something to do with it.
Anyway, in the interview, Wolff told CNBC’s Brian Shactman (who took over the spot from now-ESPNer Darren Rovell) that the A’s annual revenue could rise by almost $100 million with a new ballpark.
“[A new stadium would increase Oakland A’s revenue by] Almost $100, 000,000 more.” – Lew Wolff
— Brian Shactman (@bshactman) September 28, 2012
Asked to further clarify Wolff’s comment, Shactman followed up with another tweet.
He said annual revenue would pop by $100 million-kind of unreal. RT @ultras_mel:revenue or franchise value? 100 mill seems like a lot.
— Brian Shactman (@bshactman) October 1, 2012
Since we can’t see the interview (reruns only played over the weekend with none scheduled this week), we don’t know what Wolff’s context is. Is he referring to a revenue rise without the $30+ million revenue sharing check? The revenue sharing check that’s supposed to go away with a new ballpark, after 2016? That’s the only way the number makes sense to me, though clearly I don’t have access to the books. When I talked to Wolff over a year ago, he suggested that numbers proffered by Forbes overstated the A’s actual revenues.
In any case, Wolff is probably using that figure to press the case with the other owners and with the national media. Whether that makes any difference – well, we’ll see about that.