Facing a Season of Bankruptcy

blog_nascarWhat happens when a logjam of logos can’t save you? NASCAR is facing such questions as corporations, hit by sticker shock, are beginning to withdraw sponsorships; the National Hockey League Board of Governors met recently to discuss the downturn in the economy, which might lead to a decline in the salary cap; America’s Team is falling into a recession of its own; and the Lovable Losers dodged the bankruptcy bullet when the Tribune Company excluded the Chicago Cubs and Wrigley Field from its petition for Chapter 11 bankruptcy protection. Should be an interesting off-season…