
Contents
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Getting a Professional Sports Team Getting a Professional Sports Team
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The Economics of Franchise Relocations The Economics of Franchise Relocations
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The Early, Unhappy Histories of Sports Leagues The Early, Unhappy Histories of Sports Leagues
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Baseball’s Game of Musical Chairs Baseball’s Game of Musical Chairs
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CBS Buys a Decrepit Yankees Team CBS Buys a Decrepit Yankees Team
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Conclusion: No One Likes Losing a Team Conclusion: No One Likes Losing a Team
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8 Damn Yankees and Relocations 1964 and 1965
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Published:April 2015
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Abstract
This chapter examines the issue of franchise relocation. Legislators had two main concerns throughout the series of hearings: to procure teams for their constituents while avoiding losing teams via relocation. The legislators' concerns were imbued with an element of reality, at least. Cities with multiple Major League Baseball (MLB) teams usually had one team that was struggling, and legislators held a different attitude to such teams relocating than they would with regard to later relocations of prosperous teams. This chapter first considers three options for acquiring a big-league team: purchase an existing team, hope for an expansion team in an established league, or enter a team into a new league. It then discusses the economics of franchise relocations, along with the early histories of franchise turnovers in professional sports leagues, including the National Football League (NFL) and its predecessor, the American Professional Football Association. It also looks at Columbia Broadcasting System's (CBS) purchase of the New York Yankees during the 1964 season that sparked fears of an unfair alliance.
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