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Message: [QUOTE="Knicks411, post: 3681801, member: 767"] I guess it just depends on if you're looking at simply a net P&L for a calendar year and not marking to market the increase in franchise values. You could lose some money on paper, but if your franchise value keeps going up (and the Mets just went for a ton, so they probably still are!) then that can cover a lot of that in a manner of speaking. I'd imagine a lot of teams took in less revenue than they paid out in 2020 for sure. Forbes valued the Mets at $2.3 billion in July 2019. There was a pandemic between then and the sale to Cohen, and the deal was valued at around $2.475 billion, and didnt include SNY, so you're talking an increase of nearly $200 million in value from the Forbes valuation in a little over a year that included a pandemic that presumably resulted in losses [/QUOTE]