I think the changing interests has at least as much to do with the downturn as the money aspect. Many, many years ago my dad, me and a few friends would go to the drags in Epping once in a while. But, all of us were interesting in working on engines and cars in general so there was a appreciation for it. Plus, back then there was not much else to do.
Baseball is losing viewers too. The average age of the fans goes up every year.
Time marches on
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