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Panel

stadium

The Boxcar Economics of the Sports Industry

 Launch Media

ABOUT 

  • ABOUT Peter Bynoe

    Peter  Bynoe broke ground as the first minority owner of an NBA franchise which purchased the Denver Nuggets for $65 million. In 1992, after designing and supervising the complete reorganization of the team, he sold his interest in the franchise. After his involvement with the NBA, Bynoe joined the prestigious law firm of Rudnick & Wolfe. He uses his position as a lawyer to facilitate the construction of professional sports stadiums.
    Profile

  • ABOUT Donald Fehr

    Don Fehr is executive director of the MLBPA. As executive director, Don serves as the players' chief negotiator in collective bargaining with Major League owners, and has general responsibility for administering the other aspects of the MLBPA's activities, including contract administration, grievance arbitration, and pension and health care matters. In 1990, he successfully negotiated the $280 million settlement of the free agency collusion cases.
    Profile

  • ABOUT Marc Ganis

    Marc Ganis is president and founder of a Chicago-based sports-business consulting firm. Ganis has been involved in the development of more than two dozen sports facilities, including the new Yankee Stadium, Heinz Field, Toyota Center, and the Verizon Center. Ganis has lectured at Harvard, Northwestern, The University of Chicago, and other universities.

    Profile

  • ABOUT Allan Sanderson

    Allen Sanderson is a Senior Lecturer in the Department of Economics at the University of Chicago and a Senior Research Scientist at the National Opinion Research Center. Mr. Sanderson is an oft-cited authority on sports economics issues.  In 1998 he was a recipient of the University of Chicago’s prestigious Quantrell Award for teaching excellence. Mr. Sanderson serves on the editorial board of the Journal of Sports Economics and as a referee for several other journals.

     

    Profile
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Sports are a major part of the mosaic of what makes a community a community.       
In the outsized business of sports, owners and players enjoy profits and incomes incomprehensible to fans who pay ever-increasing ticket prices, and taxpayers, who see their wages invested in sports stadiums. How to explain this "boxcar economy"?  Mike Lederman, former executive producer of Chicago Tonight, mediated this discussion on issues surrounding sports today, from economics and advertising to performance enhancers. Panelists include University of Chicago economics lecturer Allan Sanderson, sports finance consultant Marc Ganis, attorney and former pro team owner Peter Bynoe, and baseball labor leader Donald Fehr.

Tags

Sports industry, sports economy, economics, sports, athletics

Dig Deeper

Broader Investigation

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chf feature

Home and Away

Panel

Chicago Sports

Join sportswriter Lester Munson, Phil Rosenthal, and Melissa Isaacson for a Chicago-style mash-up of sports stories and commentary.

Lecture

Robert Reich: 2009 Franke Lecture in Economics

Robert Reich speaks a the annual lecture recognizing the significant contributions to the Chicago Humanities Festival made by its founder and chairman emeritus Richard J. Franke.

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