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Wednesday, July 13, 2011

Seven Sports Franchises That Lost At Least $50 Million In Value In The Past Year

dillon gee mets
Manchester United has once again been named the most valuable sports team in the world by Forbes yearly list, adding $30 million to its value since last year. But not all of the valuable sports franchises were as lucky as Manchester United, in fact, 24 out of the 50 actually lost value in the past year.
With people spending less and ticket prices getting higher, a lot of these teams can't put people in the seats. It also doesn't help if one of the partners in your franchise ran the world's largest ponzi scheme.

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