City Auditor Fiscal Ending 2020

Flashback: Link To WooSox Agreement, Day 1 and Question 1

Post from August 19, 2018




Let us preface this by saying, we hope that this is a huge success.  

At the same time somebody has to look at the agreement and ask questions?  Here is our first question.  BTW here is the  Link to the agreement  .    


  1. According to the Boston Globe, the annual rent paid by Larry L will be approximately  $1,000,000 per year.
  2. According to the WooSox agreement, Larry L get 100% of the naming rights annually for 17 years
  3. According to the WooSox agreement, Larry L get 100% of the ballpark advertising
  4. According to the WooSox agreement, Larry L will get 100% of the Left Field Building advertising
  5. According to the WooSox agreement, Larry L will get 50% of the ballpark district adverting
  6. According to the WooSox agreement, Larry L. will get 50% of the “other”city advertising
  7. Ballpark (Larry L) also retains all revenues froom the operation of the ballpark including , but not limited to tickets, concesssions, liquor and pouring revenues, branding rights, premium seating, broadcast rights, merchandise and naming rights.
Does anyone have any idea what Polar is paying for the naming rights?
Between these naming rights and these revenue streams, what will the actual net expense be to rent this stadium from the City of Worcester??

*** Answers::  The team makes a $6,000,000 investment and pays rent to covers the payments on the $25,900,000 “Series B Bonds”. 




Editorial note:

Please note in the Zimbalist pro-forma
Here are the PawSox Lease payemnts:

2022   1,315,225
2023   1,342,750
2024   1,373,925
2025   1,403,525
2026   1,436,550 




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