In 2016, following the reallocation of the St. Louis Rams to Los Angeles, the Rams owner...
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In 2016, following the reallocation of the St. Louis Rams to Los Angeles, the Rams owner Stan Kroenke stated that St. Louis does not have the market for three professional teams (St. Louis is also the home of the Blues and Cardinals); and that any team NFL that reallocated to St. Louis would be on track to financial ruin. The Rams reallocation plan to Los Angeles included a deal with the Charges to build a new stadium (SoFi Stadium) and share the big Los Angeles market which didn't have a NFL team since the 1995 season. Moreover, while the Rams enjoyed big attendance ratings at the Los Angeles Coliseum (total capacity 78,467) with an average of over 80 thousand in 2016, 61 thousand in 2017 to mid-70 thousands in 2018 and 2019. the Chargers played at the much smaller StubHub stadium (Capacity 27,000) with near full average attendances every year; the problem was, most of the fans were supporting the visiting team. This real-life example of teams making decisions to reallocate to different cities is very common in North American closed league, here are some questions I would like for you to answer based on the information given to you. 1. (10 points) Based on the Rams and Charges experiences: a. Explain why cities like New York and Los Angeles have more than a single team in a league like the NFL, NBA and MLB. (3 reasons) The following website might be of help (https://www.sportsmediawatch.com/nbamarket-size-nfl-mlb-nhl-nielsen-ratings/) b. Explain how the presence of multiple teams affects the monopoly power of those teams in their cities and how team success (short-run goals like win maximization) impacts the attendance of games and fan support. (2 arguments) c. Why are we likely not getting a third team (from the same sports league) in the LA or NYC market? Shouldn't it be possible since London has 17 teams across the different divisions in the country. (2 arguments) In 2016, following the reallocation of the St. Louis Rams to Los Angeles, the Rams owner Stan Kroenke stated that St. Louis does not have the market for three professional teams (St. Louis is also the home of the Blues and Cardinals); and that any team NFL that reallocated to St. Louis would be on track to financial ruin. The Rams reallocation plan to Los Angeles included a deal with the Charges to build a new stadium (SoFi Stadium) and share the big Los Angeles market which didn't have a NFL team since the 1995 season. Moreover, while the Rams enjoyed big attendance ratings at the Los Angeles Coliseum (total capacity 78,467) with an average of over 80 thousand in 2016, 61 thousand in 2017 to mid-70 thousands in 2018 and 2019. the Chargers played at the much smaller StubHub stadium (Capacity 27,000) with near full average attendances every year; the problem was, most of the fans were supporting the visiting team. This real-life example of teams making decisions to reallocate to different cities is very common in North American closed league, here are some questions I would like for you to answer based on the information given to you. 1. (10 points) Based on the Rams and Charges experiences: a. Explain why cities like New York and Los Angeles have more than a single team in a league like the NFL, NBA and MLB. (3 reasons) The following website might be of help (https://www.sportsmediawatch.com/nbamarket-size-nfl-mlb-nhl-nielsen-ratings/) b. Explain how the presence of multiple teams affects the monopoly power of those teams in their cities and how team success (short-run goals like win maximization) impacts the attendance of games and fan support. (2 arguments) c. Why are we likely not getting a third team (from the same sports league) in the LA or NYC market? Shouldn't it be possible since London has 17 teams across the different divisions in the country. (2 arguments)
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South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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