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The Economy Of Sports

So far most of the news I’ve heard about sports teams in this economy has been pretty positive. New stadiums are still being built and luxury suites are being filled. But Gary West writing in the Fort Worth Star-Telegram has a piece that points out that sports are going through their own cost-cutting measures. Attendance is down at professional baseball games. The NCAA is curbing spending on postseason travel and the Grand Prix du Canada, the only Formula One race in North America is struggling to find funding. And layoffs have even come to the NBA which is cutting their work force by 9%.The Economy Of Sports

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