Obituaries pointing to canonization have been leading New York papers this week. The subject? George Steinbrenner. Joe Nocera steps in with the big question: Was Steinbrenner just lucky?
“The truth is, though, that virtually anyone who bought a sports franchise in the United States in the last 30 years, and then held on to it, has made a pile of money. As sports teams have become trophy assets — playthings for wealthy men, really — their value has skyrocketed. Well-run team, poorly run team, big market, small market: they’ve all increased in value.” http://www.nytimes.com/2010/07/17/business/17nocera.html?_r=1&ref=business