Last Updated on July 28, 2009 12:31 pm by admin
TORONTO (AP) -The company that owns the Toronto Blue Jays says it needs to control costs.
CEO Nadir Mohamed said Tuesday on a conference call discussing Rogers Communications’ quarterly earnings that the company remains committed to the Blue Jays.
The team has put ace Roy Halladay on the trading block.
Rogers Media president Tony Viner says the club is doing better financially than last year but needs to bring costs more in line with revenues.
Rogers bought the Blue Jays in 2000. The company also owns the team’s stadium and its flagship radio and television stations.
Halladay will earn $15.75 million next season and has indicated a desire to test the free agent market. The Blue Jays’ 2009 payroll is approximately $80 million.