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IMG'S MCCORMACK SPEAKS OUT ON FRANCHISE RELOCATION
Published January 18, 1996
MARK MCCORMACK, Chair & CEO of IMG, appeared on CNN's "Moneyline" last night to discuss how the movement of franchises effects fundamental business relations in sports. McCormack, on the Browns: "You can't use yesterday's structure with today's reality. ... The teams should have more control over their own activities. I think the NFL Properties concept, whereas it has been effective, is somewhat outdated. I think what the NFL has got to do is take a global look at its sport. Internationally they have got to grow. Twenty-five years from now, there have got to be franchises in major cities around the world. ... I think Jerry Jones makes a point." McCormack, on where it will all end: "I'm a great supply and demand man. ... An owner has got to make money. The spectators have got to be able to afford it and the salaries cannot get so high that neither of those things can happen. It's a balance" (CNN, 1/17).