The New York Post: World Series run could finally lift high-spending L.A. Dodgers out of the red

The New York Post: World Series run could finally lift high-spending L.A. Dodgers out of the red
The New York Post: World Series run could finally lift high-spending L.A. Dodgers out of the red

The New York Post: World Series run could finally lift high-spending L.A. Dodgers out of the red

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The Los Angeles Dodgers, despite having the highest payroll in Major League Baseball, could erase years of red ink this season — thanks to a likely World Series appearance, The Post has learned.

“They might be close to break even” thanks to the increased number of home games, a source familiar with the situation said.

Guggenheim Baseball Management bought 90 percent of the Dodgers in 2012 for a then-record $2.1 billion price tag and has been back-stopping losses since.

The team had an opening day payroll of $242.2 million — which has swelled to $265 million because of in-season trades, according to Spotrac.

The Dodgers posted an operating loss of $20.5 million in 2016 after an operating loss of $73.2 million in 2015, according to Forbes.

The Dodgers’ financial picture is expected to improve next season — with expected payroll cuts. Within a few seasons, the team projects making more than $50 million a year, the source said.

Guggenheim, soon after the World Series, will start shopping a relatively small minority stake in the team, according to the source.

The proceeds are to be used to strengthen its balance sheet, the source said.

A Dodgers spokesman declined to comment.

This report originally appeared on NYPost.com.

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