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24/7 Wall Street: Seven Pro Teams on the Brink of Collapse

4. Indiana Pacers

10-year change in attendance: -24.32% (second biggest decline in NBA)
W-L record 10 years: 399-421 (15th worst)
Operating income (2010): -$17 million
Year founded: 1967
Value: $269 million (fourth least valuable in NBA)

The Indiana Pacers have not been in the black since 2005. Including 2010’s $17 million net loss, the team has cumulatively lost $52 million in five years. The team made the playoffs last year, ending a four-year drought, but then lost in five games to the Chicago Bulls. Attendance has declined precipitously since 2001, when the team was two years removed from a six-game loss in the championship to the Los Angeles Lakers. In 2001, the team averaged attendance of 17,888 per home game. In 2009, the team cut ticket prices by 30%, hoping to attract fans, but so far it has had little success. Last year, the Pacers averaged 13,538 people per home game, easily the worst in the league.

(AP Photo/Nam Y. Huh)

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America’s Disappearing Restaurant Chains

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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