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A welfare system exists in this country that transfers hundreds of millions of dollars from taxpayers to individuals who hardly require government assistance. State and local officials, mesmerized by vague promises and starry-eyed visions of the future, cave in to ever escalating demands from the system's beneficiaries, without ever finding out whether the public is served by such policies. It's a scandal, really, and reform is long overdue if we are to rein in the abuses perpetrated by ... America's professional sports franchises.Major League Losers is a clarion call that exposes the...

Detroit's bankruptcy is the most severe example of the financial implications of the movement of wealth to the suburbs. When residents and businesses leave, central cities have a disproportionate share of most regions' lower-income households. At the same time, many central cities collect less revenue as states cut financial support. So, we are left with the question: can central cities change patterns of economic activity? In Reversing Urban Decline: Why and How Sports, Entertainment, and Culture Turn Cities into Major League Winners, Second Edition author Mark Rosentraub details how central...

The sports business landscape has changed dramatically in the past two decades. Teams and facilities have become integral parts of the businesses of real estate and development, entertainment, and the media. While an understanding of core financial management issues specific to the sports industry is still mandatory, a greater appreciation of financial and management issues that link teams to the dynamic forces that make it possible to listen or to watch games at home, on the road, or anywhere a fan happens to be is also needed.

Sports Finance and Management: Real Estate,...

This book takes an in-depth look at the changes in the sports industry, including the interconnecting financial issues that occur when a sports team becomes part of bigger companies, the altered nature of fan loyalty influences by network and Internet footprints, dramatic changes in the design of sports venues to offer new amenities and opportunities for sponsorship that substantially expand the income earned by franchises, and league policies such as revenue sharing, luxury taxes and salary caps.