Found March 13, 2012 on Speculative Sports:

Not only were the Seattle Mariners losing games last year, they were losing money. A lot of it.

According to MLB.com, the Mariners lost over $7.3 million in 2011, thanks in part to declining attendance and renovations to the Safeco Field Bullpen Market, among other things.

Said the article:

Rebecca Hale, the Mariners’ director of public information, said the loss was expected, given the club’s decline in attendance along with a $9 million capital investment in renovations to the Bullpen Market area and new LED scoreboards on the club-level façade.

“You’re never happy about having an operating loss, but in our case, based on projections, we’re not surprised by this,” Hale said.

Since the opening of Safeco Field in 1999, the Mariners have only had one other year in the red — 2008 ($4.5 million).

Given the state of this year’s roster, as well as their in-division competition, don’t be surprised if the Mariners continue to lose both games, and money in 2012.

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