>Does the club get all of the revenues from beer, food and souvenir sales? Unless I'm missing something your figures suggest they do. If they don't then it's not clear what their annual revenue really is - same for their other expenses, but their player payroll for 2010 is just under $160M. That's a lot of money for just one aspect of their expenses. You do bring up another interesting point though. I wonder how much Halladay and Lee are worth in TV etc. revenues.

I'm not sure how the money works. Obviously, there's expense (materials, employees, taxes) for all that stuff they sell. And, of course, MLB gets licensing fees from all the souvenirs, too.

Okay, this was too easy. Not the Phillies, but here are some MLB financial statements:
http://deadspin.com/5615096/mlb-confidential-the-financial-documents-baseball-doesnt-want-you-to-see-part-1
http://deadspin.com/5620880/download-those-mlb-financial-statements-for-your-own-enjoyment

Googled "MLB financial statements"

Tamar