City of Madison, Trash Pandas working to remedy revenue issues
The City of Madison says it has not received the $1 million the Trash Pandas owe from the 2020 season. But the mayor says there are no outstanding delinquencies.
Posted: Apr 22, 2021 4:31 PM
Updated: Apr 22, 2021 7:49 PM
Posted By: Max Cohan
The City of Madison says it has not received the $1 million the Trash Pandas owe from the 2020 season. The statement comes following the resignation of Trash Pandas president and CEO Ralph Nelson on Wednesday.
According to the contract between the city of Madison and BallCorps, LLC, which is the group that owns the Trash Pandas, the city has to receive a minimum of $1 million per year through venue revenue. That money comes from a split share of money from parking, stadium naming rights and non-baseball events, among other things