Jewish World Review Feb. 19, 2003 / 17 Adar I, 5763
The bills have come due
http://www.NewsAndOpinion.com | There are presently 121 "major league teams" playing in the NBA, NHL, NFL and Major League Baseball. But The Wall Street Journal claims that as many as 29 of them are available for the right price.
The economic world of the early 21st century is far different than it was in the late 20th century. Stocks were at all time high, and a lot of people couldn't wait to bid on sport teams that came on the market or became available when leagues started to expand. League expansion went hand in hand with municipal spending on stadiums and arenas. Apparently that has all changed.
A brand name such as the Los Angeles Dodgers is available. So is the 2002 World Series champion Anaheim Angels. The Milwaukee Bucks are for sale, the Montreal Expos could be purchased and moved. The NHL has two bankrupt franchises and others in that league are said to be in bad fiscal shape. The NBA has moved two franchises in the past two years.
In the 1990s, the sky seemed to be the only limitation on the major league sports industry. In 2003, the bills have come due.
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02/18/03: The world may be falling apart ... but American baseball teams are more popular than ever overseas