The FanFairness Initiative: Stadium Madness

Relocations are a way to manipulate a city for a new stadium:

The Atlanta Caper

2013 McKay says they are willing to move out of Atlanta, Arthur Blank confirms rumors of LA interest or suburbs of ATL for relocations. Mercedes Benz Stadium opening this year, will include $700M public funds out of $1.6B (Talks started at 200M in public funds, and have escalated)

The Jacksonville Jig

Now on the clock for relocation to London, Shahid Khan bought the Jaguars for $770M in 2012. Today they are worth $1.95B - a valuation that has nearly tripled in 4 years. Relocation or a new stadium will massively increase the value of Khan’s investment. An owner with a personal net worth $6.9B should not further his financial empire on the backs of struggling taxpayers.

The St. Louis Heist

St. Louis Rams in 2014 had a Franchise value of $900M. Moving to LA and the promise of a new stadium increased the valuation in 2016 to $2.9B. The Rams went from least valuable in the NFL to 6th most valuable, overnight. Why was the NFL not granting an expansion team to Los Angeles?

Much like any cartel, teams pit cities against each other in search of the highest bidder.

When a city is unwilling to foot the bill for a new stadium, owners move the team to a city that will.

NFL relocations and Stadium deals drove values up 19% this year, averaging $2.34 billion per team.

Only 6 NFL teams play in privately financed stadiums: Why are these teams not financing their stadiums privately?

Join the movement

Stadium Madness

$13,000,000,000 In bonds have been issued to pay for pro sports stadiums construction

Brookings Institute, 2016.

Stop the Taxpayer Funded Madness

As operators of a de facto cartel, teams provide no financial disclosures. Owners of these teams intentionally limit the number of teams, thus ensuring a supply shortage.