A couple of stories of interest to those who are curious to see how the league is handling the global economic downturn:
1) Sports Business Journal discusses how premium-seat renewals may be difficult for both the NBA and the NHL.
2) The Wall Street Journal marvels at how 80% of the teams in the league are essentially out of the running for a title, and how almost all of those clubs have given up in even trying.
The WSJ article is a bit misleading. Their rationale for saying that '80% of the teams have no realistic shot at winning a title' is probably pretty consistent with most years in most sports that are 3/4 of the way through the season.
The article goes on to state that per 'Las Vegas oddsmakers' (nice sourcing) only six teams have greater than a 10% chance at winning a title . . . well isn't that about right? Simple math tells us that you can't have MORE than ten teams with a 10% chance to win. And if you DID have ten, that would mean that every other team in the league had a ZERO percent chance to win.
Heck (yes, I just said heck), a couple years ago during the Pats run in the NFL, I'm guessing by Week 13 that only ONE team was listed with a 10%+ chance of winning the Super Bowl.
The Journal is terrific at business analysis but generally comes across as woefully inadequate with its sports analysis.
Stick to your core competency, Rupert!
I don't think it was any different in the past. Or look at the '90s. Did anyone have any chance to beat the Jordan's led Chicago Bulls?
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