The New York Yankees is very famous because of their excellency in the fields of Baseball game. Team ownership is always on the lookout for increased profits, even if they’re shelling out as much in payroll as teams like the New York Yankees, Los Angeles Dodgers and Boston Red Sox. If you’re a seasoned baseball fan, or any pro sport for that matter, the expression “holding a city for ransom” is a popular phrase for this topic. Team ownership threatens to pull their team out of the city and move elsewhere unless the city or its taxpaying base meets the team’s demand. Clearly, this demand is the greatest way to create “buzz” that brings fans out in droves: building new stadiums. This may seem like an expensive effort, but not necessarily for ownership. As a matter of fact, new stadiums are financed by taxpayers like you and me. An interesting story in USA Today emphasizes how vast the numbers can be. According to Gary Thorne, “The Yankees have already received $942 million in tax-exempt bonds for the construction of the new Yankee Stadium. They are seeking another $366 million in such bonds.” Understand that this is all paid for by Joe Taxpayer. Congressional Subcommittee Chair Dennis Kucinich a*sails the matter in his own blow, stating this ransoming is a “transfer of wealth from the many taxpayers to a few wealthy owners.” Some people may look at this as a necessary evil, but Congress wants to change the structure. Conversely, this does not seem fair when it comes to financing. Think about it. If you took out payday installment loans, should you expect someone else to pay them back for you? Certainly not! Neither should baseball owners. So, before average fans can no longer afford to follow their favorite sports, hopefully this highway robbery system gets fixed. Click to read more on payday installment loans.

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