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Seven pro sports teams on the brink of collapse
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Tuesday, November 08, 2011
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From 24/7 Wall Street:

The owners of the Los Angeles Dodgers have recently agreed to sell the team, following a bankruptcy filing in June of this year. The team may sell for more than $1 billion – the highest in baseball history and a premium on the $800 million value Forbes has assigned it in its annual ranking.

24/7 Wall St. set out to identify the teams that were likely to follow the Dodgers down a similar path. Teams lose money because they lose fans. Teams lose fans because they lose games. 24/7 Wall St. has identified teams that are on the brink of collapse by measuring long-term financial performance, as well as win/loss records and attendance.

The greatest single cause of a team's long-term success is...

Read full article...

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Topics: Bankruptcy | Cruxallaneous
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