Most people would think US is probably the most sports crazed country in the world. After all, we have many 24 hour sports TV network (4 from ESPN alone) Behind the glory though, you will find many struggling franchises. Even among the so-called Big 4 sports: baseball, basketball, (American) football and ice hockey, there are teams in financial trouble, like the Phoenix Coyotes (hockey team) Whenever I saw many empty seats in televised games, I always think how come teams could afford those big salaries of big name stars. I guess the answer is: they can't. Of course, teams that sold lots of tickets could still make bad financial moves and got themselves in trouble.
I guess the ones that got hit the hardest during the recent economic crisis were non-mainstream sports. Arena Football is shutdown for the 2009 season (god knows if it will be back in 2010) Major League Lacrosse has folded 5 of the 10 teams from last season (and added 1 back) I promised to take my kids to a Lacrosse game but sadly our local team was among the folded ones. I guess we will have to wait 'til the indoor league (NLL) begins this December!
The more I thought about this, the more I appreciate the management/owners who put winning teams on the field on a regular basis.