Sport Economics Bring Recession Home
My local soccer club went toes-up yesterday.
The Atlanta Silverbacks, in the minor-league USL, announced they won't play next year.
The decision was a no-brainer. Since U.S. soccer lacks the promotion-and-relegation process that lets every European team hope it can score the big bucks, there is no upside to the investment. Without an upside it's all ego. Amazing how, when things go bad, ego becomes the first casualty.
Soccer isn't the only troubled sport. Arthur Blank, who owns the Atlanta Falcons, is cutting back, both in business and in charitable giving. The Home Depot co-founder has found there is a bottom to his pocket.
Blank's cutbacks put the lie to the Silverbacks' excuse for folding, namely the chance the MLS will move a team in here. Blank was the money man behind that speculation.
All this reveals an important truth about how the economics of sport have changed in this decade, and given us a taste of things to come.











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