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Chapter 7. Culture of Greed: Sports Stad... > Red Flag 7: A Company That Buys a St...

Red Flag 7: A Company That Buys a Stadium, a Sports Team, or Their Naming Rights

It seemed to come with the territory. Almost every company embroiled in a scandal in 2002 was also the owner of either a sports stadium or a sports team. The correlation was getting to be so frequent that some on Wall Street were wondering whether they should use the sports connection as a reason to sell a stock.


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