Recession Proof ?
Unemployment rates at record levels, home foreclosures at record levels, individual bankruptcies at record levels, bank failures increasing and once proud corporations on the brink of bankruptcy. Economic turmoil reigns - or does it. Apparently professional sport franchises think they are recession proof. There is hardly any talk of reigning in expenses. Ticket prices are on the rise. Player salaries are figures that no ordinary person can comprehend. How long before the insecurity of fans takes its toll on attendance. How long before cash strapped corporations drastically cut back on sponsorships and advertising. Is there a sports franchise bubble burst on the horizon?