THE ANGEL OF DEATH IN TWO COUNTRIES:Joe Sheehan has a good article on Jeffrey Loria and how he has run two teams into the ground. In the piece, he summarizes the facts regarding the Marlins and their profitability problems:

The 1997 championship team that was dismantled is held up as an example of how teams in "small markets" can't be successful, even though we know that the reason the team looked unprofitable is that the stadium was assigned all the revenue generated by the Marlins' games there. At the time, Wayne Huizenga owned both entities, so this was just another example of the shell games MLB teams play with their finances.
Years later, those same conditions are in place: the Marlins remain a victim of Huizenga's greed, appearing to bleed red ink while making money for the man who lied his way through 1997, then threw a tantrum when he didn't get his own publicly-funded stadium.
The Marlins' problem isn't Pro Player Stadium; the Marlins' problem is their lease with slumlord Huizenga, which makes it virtually impossible for them to make money there. That's not a ballpark issue, it's a negotiating one. It has nothing to do with markets, or player salaries, or competitive balance, or any other damn thing. It's simply an arrangement that never should have been allowed to occur, and for which the baseball fans of south Florida have suffered.
If MLB cared at all about anything but lowering labor costs and getting taxpayer dollars, they would have addressed this in 1998, when the Marlins were sold. They don't, of course, and the problems the Fish face are exactly the same, four years and one owner later.