Rising Hegemon
The most profitable and successful league in the world...starts to feel the pinch.
One Hundred-fifty employees of the National Football League laid off. The "Arena Football Leage", which is heavily financed by the NFL, and has a television contract, is shutting down in 2009. Probably pretty good odds they aren't coming back.
This global meltdown is going to shake out in numerous ways, but I wouldn't be at all shocked if several teams in the NHL went belly up, if not the league itself; or the NBA for that matter. Don't be shocked if several English Premier League teams, sell themselves into relegation and further down if some go extinct.
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