Awarding of an NFL Franchise to Houston Raises the Ante in Professional Sports
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Economics, Sports
- Subcategories: Athletes
- Curriculum: American History 1951-present
- Geographical Location: Texas
- Date: October 6, 1999
Article abstract: The amounts of money needed to support professional sports franchises jumped to a new level when investors in the city of Houston paid $700 million to the National Football League (NFL) merely for the privilege of fielding a team—which still required an additional substantial investment to create.
Summary of Event
In 1995, the Los Angeles area lost both of its National Football League (NFL) teams. The Raiders returned to their original home, Oakland, California, and the Rams moved to St. Louis, Missouri—for whom they would win a...
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