sports owner

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Clock Runs Out on Arena Football League

Owners can't reach agreement on new financial model

(Newser) - The Arena Football League, which canceled its 2009 season to work on its financial model, won’t be back, barring a big surprise. A team official says the league voted to indefinitely suspend operations, and a formal announcement should come soon, the Columbus Dispatch reports. Owners couldn’t agree on... More »

Real-World Financial Woes Worry Sports Owners

Off the field, most team records aren't promising

(Newser) - As investment portfolios dwindle and businesses suffer, more professional sports teams' owners are falling on hard times. League bosses worry that potential buyers, already an endangered breed, won't go for newly available teams because their primary businesses are foundering. Even the Cubs, one of MLB's few profitable franchises, can't find... More »

Sports Owners Put Their Money on McCain

GOP candidate raising far more than Obama from team honchos

(Newser) - Hollywood money may be filling Barack Obama’s coffers, but sports-owners’ cash is overwhelmingly going to John McCain. The presumptive GOP nominee has raked in $3.2 million raised or donated by sports owners, while Obama has drummed up only $615,000, Politico reports. Even in Chicago, Obama’s hometown,... More »

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