ECON 2P03 Chapter Notes - Chapter 2: Hendrick Motorsports, Marginal Revenue, Leafs Nation Network
13 Mar 2014
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But fans condemn team owners who put making a profit ahead of winning. Nevertheless, bad things can happen if teams forget about staying in the black. Recall the 2002-2003 ottawa senators they had the best record in the nhl but had to file for bankruptcy. Professional football existed 44 years before the nfl. Prior to the formation of leagues, teams played other teams on an ad hoc basis. Most games were between teams in the same city. Once transportation improved, teams could play teams from other towns. This practice of barnstorming was popular but uncertain. Couldn"t guarantee the other team would show up. To fans, a league is just a collection of teams who play each other. Teams are rivals that succeed at the expense of the other teams. But a team"s success also depends on the success of the other teams and on the success of the league as an.
