Of all the current examples of companies suffering from the financial crisis, very little is mentioned of the sports corporations. Most consider sports a game but the teams and leagues that provide this game to the masses are run like any other company, with presidents, managers, etc. Another reason why they are never mentioned in the same breath as companies is because of the misconception that sports teams have a never ending stream of income at their hands. Nothing can be further form the truth. As is highlighted in this article by ESPN.com sportswriter Bill Simmons, the NBA is looking at a rough stretch coming in the next few years.
http://sports.espn.go.com/espn/page2/story?page=simmons/090227
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