Yanks’ stadium debt hits $1.3 billion

As the Yanks prepare to open their new ballpark in a few weeks, Sports Business Journal reports that the team took out another $100 million loan to cover final cost overruns. The total debt incurred by the team to build the stadium now stands at $1.3 billion, but according to SBJ, analysts are projecting healthy finances for the Yanks. According to sources, the team projects to $450 million in revenue for 2009, and while the team must dole out payroll and revenue sharing payments, the Yanks still stand to be one of the higher grossing clubs — if not the highest — in all of baseball.