Question

In: Finance

Pick a city with a professional baseball or football franchise and examine the efforts by the...

Pick a city with a professional baseball or football franchise and examine the efforts by the state and local government to keep these businesses from leaving the city. Did they build a new stadium, give tax incentives, or other amenities to the team owners? In your answer, also examine the questions: Is this good government policy? How much in revenues is generated from the games, and how much does the city have to invest in tax dollars? What about traffic congestion, crowd control, and so on that are part of the overall cost to the city? Finally, discuss how difficult it is for the city to sell the idea of support for a professional team when the city faces so many social need

Solutions

Expert Solution

In the today's scenario every people like the games such as baseball football and many more. State and the local government pay even for the largest subsidiaries, sports facilities are not typically cost the people are paying for and the people like Sachin Tendulkar and Virat Kohli has stirred up as the stadium of the cricket. And the players are also paint for the renovation to the government to provide them more and more facilities so that the interest of the today's generation can be developed towards the sports

And today most of the large cities are willing to spend a big and a a a huge amount of the fund to attract or to keep a major league franchise but the city do not need to be among the Nations biggest to win the national competition for the team it's for the nation and for the interest for the today's generation to go in the sports field there also individuals have a good scope for the future.

Firstly there is a building facility creates construction jobs and secondly people attend games or work for the team spendings in the community are the people gathering over the stadium and expanding the local employment.

Thirdly a team attract tourist and companies to the host city, further increasing local spending

And then finally all the new spending has a multiple effect as increased local income causes still more news pending, people gathered over the lyrics and the stadiums and with the gathering income of the revenue comes as a turnover in to the millions as it attracts tourist and the companies to visit and to host over there.

Main and the most important factor in the the sports field is that the abusive language is not used and is directly fired or given a red card, and to maintain the decorum they have to protect their emotions.City trying to hold on the franchise have a a double rate of chances to get triple time of the profit invested.


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