The turmoil with the Syracuse Chiefs (Class AAA; International League) should continue after the team posted a $505,146 loss through the end of the 2013 season.
This offseason has already seen the resignation of Tex Simone as the team’s executive vice president and chief operating officer earlier this month, following media reports calling for changes in how the team is run. The Chiefs posted the lowest attendance in NBT Bank Stadium this past season (down to only 2,764 actual fans per game, according to the financial report), and the loss is perhaps the largest in team history, although the team generally has a history of profits, including a $100,000 profit in 2010. And while there’s little chance of the team moving as of now, the fact that the franchise tapped into a line of credit backed by other investments should be a cause for worry.
The Community Baseball Club of Central New York Inc.’s board of directors got the financial report Tuesday during a 4½-hour meeting at the stadium.
The board members were presented two proposals regarding the team’s future, and are expected to vote within the week on which proposal they prefer….
The club’s revenues from baseball fell $383,855, or 15 percent, from last year, the report said.
Realistically, barring a sale of the team, there are very few options past bringing in new management (bypassing GM John Simone in the management structure, although team officials say Simone is safe in his job) or bringing in a management firm to run the daily operations.
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