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Sports 'keiretsu': power at the top. (multi-corporation domination of sports industry)
From:
The Sporting News
| Date:
December 22, 1997| Author:
| COPYRIGHT 1997 Sporting News Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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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 ...