Quote:
Originally Posted by Strange Brew
The Flames just inked a new arena deal in the middle of a severely depressed local economy. The appetite for taxpayers to subsidize pro sports doesn’t seem to be going away, as insane as that is. These new NFL stadiums in LA and Vegas are more expensive than an inflation adjusted Apollo mission and received either direct public funding or tax breaks.
I’m not shorting pro sports franchises just yet.
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I dunno. Everyone who signed that deal knows that they either aren’t spending their own money or won’t be around if the building is later declared a financial disaster. The economic hit of COVID lockdown is only now starting to reveal itself in the form of empty retail spaces, consumer and mortgage loan defaults... and people in seats for full stadiums seems like fantasy well into 2021. There are definitely some franchises that should be shorted