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Friday, May 8, 2009
The political economy of professional sports has reared its ugly head this week, with politics winning a decisive victory over economy (and common sense). Case in point: the messy debate over the future of Phoenix's NHL franchise. Somehow it makes more sense to the NHL brass to keep a team that is dying from financial dehydration in what is both literally and figuratively a hockey desert than to move it to a region with several million hockey fans.
Along a similar vein, the boardroom maneuverings over the ownership of the Arsenal football club are once again taking on a xenophobic flavour. Isn't sport fun?
Labels: political economy