Little League revenues continue to rise; reported $85 million in assets
As the Little League World Series gets more exposure from stars such as Philadelphia's Mo'ne Davis and its television contract with ESPN, the organization's revenues have consistently increased.
According to USA Today, Little League, Inc. reported revenue of almost $25 million and assets of more than $85 million in 2012, and CEO Steve Keener's pay has nearly doubled over the past five years, to $430,000.
"I'm not going to apologize for generating revenue to support the programming issues of this organization," Keener told USA Today. "But I would apologize if I felt we were not using it to the best of our ability in a prudent manner and getting the most out of the money to benefit this program."
Keener says most of the league's costs come from maintaining the Little League national headquarters in Williamsport, Pennsylvania, five regional centers in Connecticut, Georgia, Texas, California, Indiana, and international operations in Poland, Hong Kong, Puerto Rico and Canada.
This weekend's final four of the Little League World Series features Japan vs. South Korea in the International Championship and Las Vegas vs. Chicago in the U.S. Championship.
- Scooby Axson