In the business of professional league sports, market conditions
are the key determinate of the financial success or failure of a
team. In the last few years, major league sports has experienced
both growth into new markets and relocations of existing teams.
Owners and the leagues use demographics, economic data, and
governmental support to decide on where and when to expand and
relocate. This book examines the sports business from 1950 through
2000. Historical demographic, economic, and team-related data
provide the context. The authors apply metropolitan area statistics
such as population growth and income, game attendance, and
estimated market values to examine the business decisions made by
individual teams in professional baseball, football, and
basketball.
The book looks at specific teams in terms of their long-term
viability as a franchise and ranks their performances in economic
and business terms. It also examines the related issues of taxpayer
subsidies for new venues and the economic impact of professional
sports on cities and regions. The book is a fascinating and
comprehensive look at the business of sports and its place in
American society, business, and economics.
General
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