Sports teams and leagues: from a business necessity to dominating cartels
Sporting events are profitable if total revenue exceeds total cost. Total revenue includes income from advertising, parking, concessions, the sale of luxury seating, the sale of tickets, broadcasting revenue, and public subsidies. As discussed in Chapter 3, competitive or exciting events attract more fans. The pay off from having competitors of similar strength differentiates sports from all other businesses.
KeywordsSport Team National Football League Major League Baseball Competitive Balance Ticket Price
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