I don't think the problem is inherently subsidization of private enterprise so much as it is unwarranted subsidization. If it were to merely help a franchise get on their feet to help them be self-sustaining, that's one thing. However, what the article in the OP is suggesting is that without this help the franchise is not sustainable.. at all. If I could epitomize something wrong with the US in how it deals with private enterprise and government this would certainly be one huge example.
Look at things in the bigger picture, you have a sports league that's raking in profits, players and owners are fighting at CBA's about who gets what share of profits, but in the end with the subsidization of certain franchises taxpayers are the ones taking it in the ass. Make the friggen league pay for it's own unprofitable teams, especially since it wants to have that slice-of-pie revenue sharing mentality about it. I have a feeling though revenue sharing is more symbolic for keeping unsustainable teams in the league and then the league doing their best to make taxpayers be their franchises' collateral in one hand while reaping profits in the other. This is one thing that really needs to stop. If a franchise cannot be sustained without perpetual help, especially when a government has no money to spend and is forced into reckless bond issuance to come up with money to subsidize it, it needs to do what every other business should do and simply fail. The Nashville issue pales in comparison to the Phoenix Coyotes one, but nonetheless, it's still just yet another one
, and the ones are adding up to an insurmountable debt.
Edited by Shoreline, 01 May 2012 - 04:22 PM.