Its easy to show a loss when you separate each portion of the business. Does the MLB media company revenue count towards the club? or is that a separate venture and those revenues don't count?
Owners love to seek sympathy for their losses, yet refuse to open their books. I know this is hard for a lot of folks to believe, but the US tax code is setup to be gamed... you just have to earn past a certain amount to game it.
And 98% of people never get there and have no idea what it really means.