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It is well to recall that in 112 years of major league baseball, there has been only one bankruptcy filing. - Andrew Zimbalist
" "It is well to recall that in 112 years of major league baseball, there has been only one bankruptcy filing.
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About Andrew Zimbalist
Andrew S. Zimbalist (born October 16, 1947) is an American economist. He is currently the Robert A. Woods Professor of Economics at Smith College. Zimbalist received his B.A. from the University of Wisconsin–Madison, in 1969 and his M.A. and Ph.D. from Harvard University in 1972 and 1974 respectively. He is a member of the editorial board of the Journal of Sports Economics.
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Additional quotes by Andrew Zimbalist
Baseballs exemption from antitrust statutes, based on the notion that it was not involved in interstate commerce, erroneous back in 1922 and more so in the 1950s, became even more anomalous in 1957, when the Supreme Court declared football to be subject to the antitrust statutes and stated that baseball's exemption was "unreasonable, illogical and inconsistent."
With today's high salaries, long term contracts, and corporate penetration of the ownership ranks, it is commonplace to hear commentators rue baseball's growing commercialization, claiming it is undermining the aesthetics and competitive spirit of the game. In fact baseball's growing commercialism has been a constant since the 1860s.
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