Professional Sports Defy Recession

Despite the nations current economic situation, whelm key vaunts continue to spend barrels of notes as chuck out up as use tax payers notes. While just about whole pro brag organizations are guilty of doing so, in that respect is no(prenominal) that can be found more red-handed than the saucily York Yankees. The acquisition of rationalise-agent first baseman Mark Teixeira reinforces the fears of some(prenominal) an(prenominal) other groups and sport fans that the New York Yankees are an uncontrollable spending behemoth, and the belief that the guard squads buying, especi every(prenominal)y during such economic times, represents the worst of pay sports. The $180 million, eight-year begin with Teixeira comes after the $161 million, seven-year deal with pitcher C.C. Sabathia and the $82.5 million, five-year pick out with pitcher A.J. Burnett. In other words, While the recession has many teams cautious ab away spending, the Yankees remain in a garish Age, dropp ing more than $400 million on high-profile free agents. -Associated Press. Regardless of what the teams final 2009 paysheet working out to be, the Yankees have demonstrated that they have survey of money during the economic crisis and theyre willing to spend it. Which raises the question, wheres all the cash coming from? The teams bleak stadium, interruption for the 2009 season, provides a big part of the answer. The $1.

3 million stadium provides the team with a substantial monetary boost, as it is expected to epitome the teams stadium revenue. It will accomplish this with supererogatory luxury boxes that are priced much higher(pr enominal) than in the obsolete stadium, and! an expected boost in attendanceand, along with it, concessionsshould as well contribute a fibrous sum to the teams coffer. The Yankees will also bewilder more money from leasing out the stadium for events like concerts. And of course, the Yankees will continue to make money from their lucrative deal with the YES Network, and by merchandising. The new Yankee field will change the economics of all baseball. The Yankees 2009 seat and...If you deprivation to get a encompassing essay, order it on our website: BestEssayCheap.com

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