American sports are commercial sports, and their purpose is to make money continuously. Once the money is made, the bosses can happily distribute it without making any plans for the future.

Because the system of this major professional league is very complete and the team is guaranteed.

How could the Los Angeles Dodgers, a legendary baseball team in the Los Angeles area, file for bankruptcy?

In fact, the team is running normally.

There is just a problem with the cash flow on the account.

All the money earned in previous years was taken away by the team owner. In the past two years, the team's salary exceeded the standard and they paid a lot of luxury taxes, but their results were poor, which led to losses.

In fact, the loss was not much, that is, more than 20 million US dollars.

However, the boss is unwilling to pay for the shortfall out of his own pocket.

They asked Major League Baseball for financial assistance, but Major League Baseball wouldn't give it. They wanted to get a loan from the bank, but Major League Baseball didn't agree because they were worried that the Dodgers would fall into a debt trap.

There were only three choices left for the Dodgers: either the owner dug into his own pocket to make up for the shortfall, or he went bankrupt, or he sold the team. The Dodgers' owner became angry, stopped playing, and simply filed for bankruptcy with the court.

If this were put in European football, what would it be called?

Not to mention a loss of more than 20 million US dollars, even if it is a loss of 200 million US dollars, the big boss will have to invest in it. If the big boss does not pay, he can use the name of the club to get a bank loan.

The supervision of American professional leagues is extremely strict and there are many restrictions, which ensures the continuity of the professional system.

So, despite the fact that the Los Angeles Dodgers filed for bankruptcy, there is actually no big problem at all.

The baseball league is extremely profitable, second only to football.

The average baseball team's annual net profit is $40 million.

In a big city like Los Angeles, as long as the Los Angeles Dodgers operate normally, it is not difficult to make an annual net profit of 60 million to 80 million US dollars.

In other words, if you own the Los Angeles Dodgers and can "draw" $60 million from the team every year, this deal will not be bad.

It is much simpler and more straightforward than the football business.
Chapter completed!