Defunct NBA Teams

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Nowadays, most NBA teams are worth billions of dollars and generate significant profits each year. Thanks to technology, the NBA has millions of fans all over the world. However, this was not always the case. Many teams that participated in the inaugural season of the NBA were unable to survive due to financial difficulties. In the early days of the NBA, it struggled to attract an audience. They lacked big arenas like the United Center where the Chicago Bulls play or Madison Square Garden the arena of the New York Knicks to host gigantic sporting events. Also, sponsors weren’t keen on the idea of investing in a sport with a minimum watching audience. Basketball was not as popular back then and had limited ways for fast growth.
In this video, we will dive deeper into history to explore the stories of NBA teams that have folded in the past. Through examining their stories, we will gain a better understanding of the volatile nature of professional sports, that tend to be forgotten.
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