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Tomorrow night marks Major League baseball's annual celebration of America's -- the all star game get -- -- today.
But the party got off to a rocky start with the news that one of its historic franchise in Chicago Cubs.
May be filing for bankruptcy protection within days the first Major League Baseball team to do so in nearly forty years since we believe the Seattle pilots forty years ago.
Now there's all this mean the team is in financial trouble may be and maybe not.
But there are plenty of sports organizations right now that or hurting him here to power -- The ones in the worst financial distress sports business journal's Dan Kaplan damn good to see it great to see -- LPGA.
-- LPGA number five commissioner jets resigned today under pressure from the players.
They have a number of tournaments that will not return and -- ten.
Putting the future of the tour in question.
This mean ladies won't have professional golf association they will have a professional golf association the question is how vibrant -- -- how many jobs there will be.
All right number four NASCAR now of course Betty -- -- -- doing great but not at all.
Not all teams are doing great in NASCAR the demise of of the bankruptcy filing of General Motors hit NASCAR very hard.
A number of teams have had to -- cars.
And the blue collar fan base of NASCAR's been hit harder than most sports what can you mention a couple in particular that but some teams that are not doing well.
Do Jorge to let alone to Montreal but just sold the Montreal Canadians most part Liverpool.
Have a shutter one of his team's but it's been -- -- -- -- -- -- teams out there that it -- shot cars down an entire teams that.
Moving into the NBA basketball is not -- to Memphis Grizzlies.
Of Memphis Grizzlies are owned by Chicago comments -- Michael -- very successful outside a sports.
In Memphis it's been a disaster -- lost tens of millions of dollars annually.
He tried to sell the team several years ago was unsuccessful.
Jerry west was the GM bailed there and it's just.
The attendance is plummeting -- right back to baseball the Texas Rangers -- Tom George Bush's old Eddie George W Bush's friend Tom Hicks who sold the team to.
-- -- Faulted on the bonds with his.
Exports from patents that owns both the Dallas stars and the Texas Rangers.
And in October look for the lenders to go after these two teams pool boy and let's move to hockey the Phoenix coyote all this is the output kind of -- -- ice in Phoenix the poster child of the failure of the -- strategy of the National Hockey League.
Gary Bettman the commissioner of -- -- -- 270 million dollars a year still refuses to move the Phoenix Coyotes just Biden.
Tens of millions of dollars losses quietly so stubborn about that well -- man the gentlemen who -- founded.
Research in Motion who wants to move the team.
Ontario right is.
This does not get along without mr.
-- Anderson who is really just batters in the Bettman doesn't want undergoes cross border well there's there's there's there's a feeling she's the they don't want to become a comedian based I lead.
And they also don't want their own internal rules to be violent.
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