All that being said, I think that the NFL should change the rule and allow other teams to go public, enabling fans to purchase a portion of their teams. This should only occur if the league makes provisions that require qualified individuals to be in decision-making positions within the organization. This will prevent the occurrence of a “too many hats” problem, which is when there are too many differing opinions that prevent constructive decision making from transpiring.
In his essay “Gil’s Sportsplex”, Gil Fried states that Gil Giles is always obsessed with softball and thus, he tends to invest a sportsplex after he retired (1). Fried introduces Gil’s backgrounds that he is a former police officer without any experiences in running a sports facility (2). Elsewhere, Fried demonstrates various industry analyses about sportaplex, for example, the definition of sportsplex is a facility offering multiple indoor and outdoor sports (2), and the “Sportsplex Operators and Developers Association (SODA)” propose some guidelines for implementing a sportsplex, such as “developing a needs assessment, feasibility study and preliminary design”(2). In addition, Fried cites CT sportsplex information, which includes the location, population, the charging fees, sponsorship packages, and the competing component research, as a frame example for Gil’s sportsplex (3-4).
The similarities within the NFL and NBA are many, due to the fact that they are both multi billion dollar organizations, pay their players millions of dollars, and have millions of fans to cheer those players on. The differences are held in the wealth of the two leagues, how they distribute the money amongst themselves, and how they handle their image. When comparing the richest players within the two leagues, it’s easy to notice the difference in where they make the bulk of their money. This leaves NFL players making less money then the NBA in an industry that is worth over a billion dollars more. While the NFL is a fast, strong, and violent game, the NBA is still a fast and strong game that has many injuries over the 82 game season. This
Building a Minor League Baseball Stadium has numerous benefit, one of main benefits is that it can revitalize tourism in Melbourne. Constructing a Minor League Baseball Stadium would increase the amount of tourism in the city because it would be another attraction for tourist to want to participate in. Furthermore during championship games, people would travel to Melbourne due to wanting to watch the game live which would increase the amount of people visiting Melbourne that might not come if the stadium was not built. In addition, have a Minor League Baseball stadium would give the city a platform to be known for tourism; as a result, international attention. Due to being put in an international spotlight, people would be able view Melbourne
The Packers were founded in 1919 and became a publicly held nonprofit corporation in 1923. Since they adopted this policy in 1923, their ownership structure was “grandfathered” when the NFL abolished teams’ ability to have shareholders. The Packers model has worked due to individual’s desire to pay for stocks that have little to no value. The desire to own a stock is influenced by fans’ appreciation of the symbolic value of being a shareholder. That being said, the stock has no value and cannot be resold. Laura Sanders of the Wall Street Journal questioned whether the stock was the “worst stock in America.” Sanders quotes David Nienaber, a die-hard Packers fan and investment advisor, who states, “My financial principles don’t allow me to buy
I agree with the writer Mark Singletary. I believe athletes get paid what they deserve. They need the money just in case they get a severe injury. When the fans come to see the athletes play the franchise increases paying the athletes more money. The owners don’t have to worry about the pay because they are payed by the sponsors and the ticket buyers.
The baseball is coming at you 92 miles per hour for only a paycheck that is not worth what you’re risking? Players like Jose Bautista, Albert Pujols, and Bryce Harper are disappointed because they are not getting paid what they deserve. Baseball players are greatly underpaid because they are some of the most athletic players there are and they get so many trophies and they do not get paid for their awards as if what they achieved didn 't do anything so they shouldn’t try to get those MVP 's and awards because it doesn’t matter because they don 't give them anything. Baseball is one of the most popular sports in the United States and has grown over the past decades. More than 73 million fans have attended an MLB game last year and around 1.01
Thank you for your post! As you know I branched off of the Yankee’s in my post. I do agree that if sports teams like the Yankee’s want to build a new stadium there will be cost increases i.e. ticket sales, concessions and team jerseys. What I don’t agree with is cities giving massive tax breaks to teams that build new multi-billion dollar stadiums. We will never see the Yankee’s leave New York. Teams like the Yankees would be able to pay for a new stadium in a short amount of time and still provide jobs for the citizens. If athletes really wanted to win they would play for the league minimum and allow room for other great athletes to be able to play for the same team. Thanks for the post!
When TV broadcasting contracts are make, these bring in even more money which is then paid for by advertisers paying them. All those t-shirts, hats, programs, etc. that you buy all go towards the profit the league and owners make.” The NFL is like the big business of the sports world. And what do big businesses have? Hundreds or even thousands of employees to keep the business running smoothly; The NFL, is not different. “Each NFL team is allowed to have 53 players on its roster (plus a five-player practice squad). As of 2011, the NFL has 32 teams, making a total of 1,696 players.” These men are just trying to make a living entertaining millions in one of the most popular sports in The United States of
NFL players often times end up going bankrupt because they are not well educated on how to manage their money well. They make great amounts of money as pro athletes and some do not know how to manage this money or how to save it. Some do not take any advice about how to invest their money. Others are influenced to make poor decisions on spending money, especially money they do not have. Pro athletes get so used to making millions of dollars that they often times get so used to certain lifestyles that are unnecessary and are slowly leaving their pockets empty.Spending money on items such as new cars, expensive homes, clothes and shoes. Studies have shown that one of the main reasons why they spend like crazy is because a football player's life
The National Football League traces its history back to the 1920’s, when the American Professional Football Association was initially founded. The original league consisted of only ten teams, centralized in a mere four states. This small, regional league grew into the thirty-two team league known today as the National Football League, which holds a national, even global presence. Recently, in 2010, the Supreme Court was asked to decide whether the National Football League was a single entity or a group of thirty-two independent organizations. In this case, American Needle v. National Football League, the Supreme Court determined that each team is a substantial, independently owned, and independently managed organization, with independent objectives
Tragedy struck on January 1994 the stadium suffered $4 million lost in damage from a earthquake. The 17.5 ton Sony Jumbo tron broke from the top of the stadium roof in left field crashing into the upper deck and destroying 800 seats. Leaving The Anaheim Stadium with one tenant. In 1996 improvements began with the removal of all the outfield seats with construction continuing throughout the 1996 and 1997 seasons. The Stadium had originally 43,204 seats then later added 46 more seats to allow more space for the Los Angeles Rams. Until completion in 1981 the new stadium had 65,158 seats. Then the rams left to ST. Louis ,MO in 1994 season.Improvements to Anaheim Stadium began in Oct. 1, 1996. Reverting the 30-year old structure. The $1 million,
A variety of children participate in school funded sports, however, they may not be the best thing for schools to continue to support. Having them could increase stress and add extra burdens on students already busy lives. Therefore, schools should remove sports to help districts save an immense amount of money, raise student test scores, and diminish academic distractions.
The role of money and promoting league parity and competitive balance has always been a challenge for professional sports leagues. Sports teams are spread all over the globe, with some teams located in large metropolitan areas which can afford high revenue while others are in small cities which have lower exposure to the outside market. As a result, the financial resources available to teams are significantly different, allowing richer teams to outspend the poorer teams as they can access to more resources to procure more expensive, and likely, better talent, leading to a potential league competitive imbalance. To overcome this issue, leagues have imposed numerous policies, such as setting a limit on teams’ payrolls in the form of a salary
The Maple Leaf Sports and Entertainment’s mission statement is to “Excite every fan: objectives provide world class service to its fans” (_____). The Maple Leaf Sports and Entertainment company competes in a very competitive market thus a strong business strategy must be implemented. MLSE takes care of its fans by providing fans with numerous opportunities to be a part of the experience and never fails to respond to challenges in a timely fashion. MLSE has kept up with the changing times and demands and created a very competitive advantage by diversifying its offerings for sports and entertainment, expanding its broadcast services, providing alternative markets and bringing forth merchandising opportunities.