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the partnership made refunds to customers relating to the 1998
major league baseball season in the total amount of $260,010 from
deposits received on advance season tickets and $35,000 from
deposits received on private suite reservations.
In 1996, the partnership received a $125,0003 sponsor fee
that was used to convert a large truck into a mobile exhibit to
promote the Devil Rays. The exhibit was completed in 1997, and
it was promoted as “The Devil Rays’ Express”.
Funds that the partnership received during 1995 and 1996
relating to advance season tickets, to private suite
reservations, and to the sponsor fee were used by the partnership
during 1995 and 1996 for general operating purposes.
Set forth below are the total funds the partnership received
in 1995 and in 1996 as deposits on advance season tickets and on
private suite reservations, and as a sponsor fee, relating to the
partnership’s and to the Devil Rays’ anticipated participation in
the 1998 major league baseball season:
Deposits On Sponsor
Year Advance Season Tickets Private Suites Fee
1995 $2,906,401 $ 449,807 --
1996 1,932,182 1,640,500 $125,000
3 An additional $175,000 also received in 1996 as a sponsor
fee is not in issue.
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Last modified: May 25, 2011