Sports 'keiretsu': power at the top. (multi-corporation domination of sports industry)

From: The Sporting News | Date: December 22, 1997| Author: | Copyright information

Power at the highest level of sports increasingly is shaped by keiretsu, a Japanese term for a web of companies comprising a multi-industry cartel.

In New Yorker magazine, writer Ken Auletta outlines a disturbing pattern of partnerships among six dominant media-communications-entertainment companies. Sports ramifications involve multiple ownership of franchises within the same leagues and joint venturing by companies competing on-field.

The major companies include Rupert Murdoch's News Corp., which controls Fox/Liberty Sports (Dodgers, Knicks, Rangers); Michael ...