Pro Sport, Small Impact
07/13/2011 | | Detroit Pistons, econ70.com, Elliot's Brief Blog, Graphsandlaughs.net, MLB, NBA, NFL, NHL, Pro Sports, Small-Cap
Despite its popularity, when compared to other industries, pro sports is very small. The $400 million recently paid for the Detroit Pistons is equal to the 468th ranked firm in the S&P 600 Small-Cap index (Stein-Mart). And Stein-Mart makes 10 times the revenue. When sports franchises try to shake down local governments for free stadiums, politicians should recall this.