In an economic crisis, the weak die first. So it was no real surprise that the first sports casualties of the current recession came from minor professional leagues: Last month the WNBA shuttered its premier franchise, the Houston Comets, and the Arena Football League, which had been scratching out a living since 1987, canceled its 2009 season. (The LPGA is cutting three tour stops and $5 million in prize money from the 2009 tour, so they're feeling the pinch, too.) Click here to read the entire article.The question is, were these failures part of a normal, recessionary, thinning of the herd? Or were they the early warning signs of a pro-sports bubble that may be about to burst? Who is next? What should pro sports teams be doing to overcome this?
1 comment:
NO!!!!. the afl has had to compete with the nfl. the afl is not that popular it has shorter fields and is not as exciting to some people. it folded not because of the recession (although that didn't help) but because of lackof popularity and fan support. i like the afl but it didn't have the exsposure the big time sports do. it wasn't advertised as much as the nfl it needed to have more of everything just to maybe have a chance at success. the recession played it's part but the lack of advertising and fan support is what really killed it.
chavez wagaman p.6
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