PSYC 241 Lecture Notes - Lecture 46: Sports Medicine, Tax Deduction
Document Summary
Past twenty years: billion in taxpayer money to nfl, mlb, nba, and nhl. 70 percent of nfl stadium cost provided by taxpayers. Myth: major league sports teams enhance a city"s prestige and generate economic activity. Other services are left without support benefits are spread unequally to wealthy. In the past 20 years, the big 4 leagues have reaped billion in taxpayer subsidies for stadium construction. Strong ties between owners and political, corporate, financial, and media elites. Professional sports leagues are able to restrict entry and play one city off against another to extract the best subsidy deal. In doing so, there is a significant positional element- one city"s fan- base loses, another gains. teams exploit the cities where politics most effectively taps the taxpayer. Publicly financed sports tend to appeal to wealthy. High demand for tickets high price of tickets. Cities control sports franchises and stop corporate/owner domination. Top endorsement deals only for elite male athletes.
