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The Yum Center desperately needs a financial rethink

Related Topics: Moody's Investors Service

Home > Opinion > The Yum Center desperately needs a financial rethink

By Chris Acree —

For a sports fan, the season of Fall is a wonderful time to be alive. Football is just getting good, the World Series is being decided and basketball is just beginning. But fans and viewers should know that with most every professional sports team, there’s an eery tale of extortion.

Public funding for stadiums, particularly for professional sports teams, remain one of the biggest rackets in society today. Multibillionaire team owners constantly demand taxpayer money for increased tax breaks, extensive renovations, or a new stadium altogether.