Sez you, yet someone else who has no clue. That you don't understand baseball financial statements or operating costs or believe other people who don't know what they're talking about means nothing.
They actually WERE losing money. They tried to capitalize on 2003 by spending in '04 and '05 (Delgado) and still no one showed up, so Loria was forced to cut back. He got tired of losing money.
They have always had the worst deal in all of pro sports in a crappy football stadium, but finally got a real baseball stadium built after 20 years of trying by every owner since day one. Loria got it done, he actually cares about baseball.
Don't get me wrong, I think that sports teams should pay their own way, but that doesn't change the fact that they can rent-seek because municipalities want to retain franchises.
And so they did.
Maybe you missed the story where their financial statements were leaked, and the years they claimed to be losing money they in fact made millions.
And, so what if they were losing money? Does that mean the Taxpayer has to bail them out? What, are you some kind of crony capitalist?