Earlier today, news came out that the NFL was close to borrowing almost $2 billion to help support the operating expenses for all 32 teams (Kansas City Star, 11/1/08). There are two ways of looking at this loan – one on hand, the league has to be doing well to secure such a large loan on behalf of the teams. On the other hand, the economic downturn must really be hurting (or at least scaring) some of the teams, so the league felt that they needed to take action right away. Of all the four major sports, I have to believe that the NFL would be in the least trouble with their massive media deals and (mostly) sold-out stadiums. Hopefully this is just a precautionary measure.
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