In the US, wealthy owners of professional sports teams have long practiced the art of extortion on the local citizens of the cities where they play. They demand that taxpayers pay for, or at least partly subsidize, brand new fancy stadiums that give them more revenue and threaten to move the team to another city if their demands are not met. They play on the fact that elected city officials fear facing the wrath of enraged fans if the city loses its team, and thus often are willing to agree to the terms. On the flip side, the cities seeking to attract a team are also willing to make deals that are generous to the owners. These deals rarely benefit the local population, who would have benefited more if the money had been spent on other things.
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