The New York Times has an article on how the economic downturn is affecting the sale of teams. But as the economy turns around, the market may be heating up again:
Now that the economy seems to be on the mend, owners who held off selling during the downturn are seeking to unload their teams. According to sports bankers, the teams thought to be for sale include the Atlanta Hawks, the Memphis Grizzlies, the Golden State Warriors and the Detroit Pistons in the N.B.A; the Stars, the Atlanta Thrashers and potentially the Columbus Blue Jackets in the N.H.L.; and baseball’s Houston Astros.
This is obviously something we knew. But as the economy makes its way back to "normal," maybe we have a clue as to why Drayton isn't interested in selling the team: He's waiting for his $600 million...
We didn't come out here to play tiddlywinks, son.
-Hal Smith
