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Petco Park: Non-Profit Analysis

485 Words2 Pages

From the perspective of the general public, ticket sales, merchandise, and the construction of new stadiums and arenas, would make one think that professional leagues are for- profit organizations. However, the league itself doesn’t keep the revenue that is generated, it is required to distribute earnings to the teams that make up the league, so this classifies the league as a non-profit organization. Although the league itself is a non-profit, it is comprised of individual teams that are considered sole proprietorships, but they are overseen by a league commissioner. “If a sport organization decided not to form a partnership but to have one person as the sole owner, then the business would be classified as a sole proprietorship” (Fried, DeSchriver, …show more content…

I feel there should have been more private investments, and that way, the city wouldn't be holding the debt of something that hasn't made good on the return. Proponents of public financing of stadium and arena construction often make the argument that the facilities will be literally “self-financing.” The way the facilities will become “self-financing” is by generating thousands of jobs, increasing tourism, and providing an even better experience for fans attending the games. If a city is interested in “re-developing” a certain area, stadiums and arenas are seen as a possible catalyst for the intended rejuvenation. Stadiums are massive projects that can transform the landscape of a city practically overnight and perhaps put the city on the map nationally. Many public policy makers have been led to believe that professional sports are a public good, like youth sports activities, or community centers. Yet there is very little evidence to suggest that there are any positive effects produced by professional athletic teams that can’t be produced by other forms of entertainment at a much lower cost. Unlike public entities that are mandated to provide certain service(s) for the public, professional athletic teams provide entertainment with no obligation to fans or the cities in which they play. The numerous players strikes and lock outs are a testament to

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