“From the time we’ve owned the team until now,” Glass said, “accumulatively we’ve done no better than break even. We’ve actually subsidized it slightly during that period of time.

How? On who? Once or twice, maybe, but not every year.

David Glass purchased the Royals for $96M in 2000. Forbes magazine valued the club at $354M in March, 2012.

That might be technically true, but I suspect that it counts Glass' huge salary (and that of many family members, too) as an expense rather than a profit distribution.

Glass willing to spend more than $70 million on Royals’ payroll

It's amazing how none of these teams manage to make a profit.

Baseball owners aren't in it for profit; they're in it for the swag.

It's not the money. It's the stuuufff.

you should also factor in the fact that, because they own their own regional sports network, they can funnel revenues from their team to their wallets through their RSN.