Abstract and Keywords
This article explores the character of the commercial sports market, and how that unique structure affects the financing of sports facilities and the movement of teams. It also examines the extent to which individual team and league interests conflict, and the implications of such incompatibilities for league policy as it relates to the questions of facility financing and team relocation. Then, it argues that league policy as it relates to team movement and facility construction can be better understood through the application of game theory. New or significantly renovated playing facilities have substantially increased team revenues, and have provided impetus for franchise relocations from cities unwilling to subsidize the construction of the new generation of stadiums to communities that will. The structure of the professional sports industry has played a substantial role in determining the extent of stadium construction/renovation and team relocation.
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