Loading...
Sports Franchise Relocation: Competitive Markets and Taxpayer Protection
Beisner, John
Beisner, John
Files
Abstract
In 1958, Walter O'Malley moved his baseball team from Brooklyn to Los Angeles. This franchise relocation affected professional sports leagues in two significant ways: it expanded the market for professional sports to cities on the west coast and altered the relationship between sports franchises and their communities. O'Malley moved his team not because of a lack of support from either the team's fans or the city-traditional justifications for franchise movement-but rather in hopes of higher financial returns.
