Economy's Impact On Sports Still Being Felt

With the global markets continuing to be in a free fall, more victims of the financial crisis are beginning to emerge in the sports industry. Tribune Co.'s methodical sale of the Cubs takes another hit, as Mark Cuban, one of the leading bidders, reveals that the failing economy has "put the brakes on the sale." Also, the investment firm charged with brokering a sale of Mike Ashley's Newcastle United says finding a buyer "could prove impossible" in the current climate. But other sports entities have had better luck in the floundering market. The Mets seem to have subverted the crisis, selling out luxury suites at Citi Field and posting "extremely high" renewal rates for season-ticket holders. Also, construction for the 2014 Sochi Games remains on schedule, though officials admit that the credit crunch "may be felt" in coming months.