90% of Ballpark Revenues To Go to Community
In an unprecedented move, Marlins owner John Henry has offered to return 90% of profits from the new stadium back to the community. Once again showing that he owns the team for non-business reasons, Henry suggested today that the revenue from the stadium will first go to pay expenses, then payroll (which will increase to $50-$60 million). The remainder would then be split 10% to the team (for expenses and future use) and 90% invested in the community. This is the first time a team has offered to share all of the revenues with the public.