How the Economy is Affecting Professional Sports: Owner’s/Player’s Perspective

Houston Texans owner Bob McNair sums up the situation surrounding owners and professional sports team in the failing economy.

“It’s a different business atmosphere than 20 to 30 years ago. Originally, we worried about selling tickets. Now we’ve got to worry about selling tickets, about keeping media partners happy, operating stadiums, keeping fans happy in the stadium, servicing debts. We need a structure that works long-term. We can’t expect the fans to pay more and more and more. We have to hold all our expenses down and labor is just one of them.” ” Continue reading