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September 7, 2012
BP Unfiltered
Economists Warn: All Baseball Clubs To Face Bankruptcy
by Sam Miller
From the Pittsburgh Press:
University of Pennsylvania economists warn that major league baseball payrolls may triple in the near future, threatening every team with the "spectre of bankruptcy."
"Pressure will come from the non-superstars," said Jim Eshoff and Chris Ritz, economists for the university's prestigious Wharton School who say they are card-carrying baseball fans.
They said the salary glut will have dire effects on the health of major league franchises, even the healthiest.
"If competition is only a reality among a certain few teams," they said, "the fans and their dollars may go elsewhere.
"No team is immune to the spectre of bankruptcy," the economists said.
-- April 20, 1977 --
Sam Miller is an author of Baseball Prospectus.
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<< Previous Article
Overthinking It: Feast... (09/07)
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BP Unfiltered: Home Ru... (09/06)
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Next Column >>
BP Unfiltered: Do the ... (09/07)
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The Prospectus Hit Lis... (09/07)
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I was reading it - and thought "OK - these new TV agreements MAY cause problems" and then I saw the date! I was 31 when that was written. I can assure you and the authors that the number of bankrupt baseball clubs has been TINY LOL