Monday, February 7, 2011

Super Bowl Socialism

Even though I dislike the Green Bay Packers (I am a staunch Chicago Bears fan), I think their community-based, not-for-profit ownership model is great, as Harvey Wasserman discusses in this great article on American football and professional sports in general. It is definitely worth a read.

1 comment:

  1. Cooperative ownerships of sport clubs is the way to go.

    Barcelona and Real Madrid are the two largest clubs football clubs (soccer) in Spain and arguably the world but are also owned on a fan cooperative model.

    The success is also attracting some interested in the UK where the Premiership has been seriously destabilised by individuals purchasing clubs against massive loans, and placing financially stable clubs in serious debt. Manchester United is the classic example which went from being the richest club in the world to be being the most indebted after a highly leveraged takeover by Malcolm Glazer (also owner Tampa Bay Buccaneers).

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