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

3. Sacramento Kings

10-year change in attendance: -19.79% (third biggest decline in NBA)
W-L record 10 years: 410-410 (12th best)
Operating income (2010): -$10 million
Year founded: 1945 (moved to Sacramento in 1985)
Value: $293 million (seventh least valuable in NBA)

Compared to the other NBA teams on this list, the Sacramento Kings still have a legitimate shot at recovery in the next few years, but their past few seasons have certainly put the team in a tight spot. At the beginning of the decade, the Kings were in the middle of an eight-season streak of making the playoffs, and during the 2001-2002 season were considered one of the best teams in basketball. The team has not made the playoffs since 2006, however, and increasingly poor performance has been a major drain on ticket sales. Since the 2000-2001 season, attendance has dropped nearly 20%. Net income has dropped four years in a row, and the team lost money in 2009 and 2010.

(AP Photo/Rich Pedroncelli)

More From 24/7 Wall Street:
The States That Pay The Most (And Least) In Taxes
America’s Most Overpaid CEOs
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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