Word: franchisee
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The basketball agreement calls for Khashoggi to pay $6 million to cover the outstanding debts of the ten-year-old Jazz franchise, which moved from New Orleans to Salt Lake City in 1979, and $2 million to defray operating costs. After dismal performances in earlier years, the Jazz this past...
CAN is the creation of Priscilla Blum, 59, a freelance writer and pilot who had a mastectomy in 1969. She knew that cancer patients have to spend heavily on commercial flights to get the best treatment possible and that those expenses are rarely covered by medical insurance. Blum, who keeps...
A franchise's merit is now measured largely is terms of money--the national reputation of the Dallas Cowboys. "America's Team," helped raise their price to $70 million in a recent sale. The NFL, which has a purchaser must own at least 51% of the team a stock, watched...
MEANWHILE, Baltimore joins the ranks of cities scorned. The most famous franchise move, the relocations of baseball's Brooklyn Dodgers and New York Giants to California in the early '60s, threatened our deepest illusions about sport because they were so blatantly mercenary. Forever shattered was the image of owners as...
But baseball, America's national pastime, is especially beset with franchise relocation. Washington, D.C., once famous for being "First in War, First in Peace, and Last in the American League," was last in attendance as well, and has been without its original team for 20 years as a result, ever...