PawSox refuse panel’s request for revenue, profit numbers
PROVIDENCE, R.I. (AP) — Pawtucket Red Sox officials have refused to disclose their annual revenue and profit as Rhode Island lawmakers review a proposal to build an $83 million stadium for the minor league team.
WPRI-TV reports that team chairman Larry Lucchino, in written responses to a Senate committee, says the organization has released as much financial information as possible without revealing sensitive data. A balance sheet released last week shows more than $18 million in assets and $7 million in liabilities.
Lawmakers are considering legislation that would allow the state to provide $23 million and the city $15 million to help fund a stadium for the Boston Red Sox Triple-A affiliate.
Committees from the House and Senate have wrapped up hearings on the issue. Stadium supporters hope for a vote this fall.