Honestly, it is the capitalist version of sports. I like the whole notion of watching teams get relegated if they suck or can't operate within normal financial guidelines. That said, baseball would be more entertaining if the top 2 AAA teams could be promoted while the worst teams in the AL and NL got relegated. Also, many European soccer squads have folded/moved/drop down a couple tiers over the years due to poor financial management (ex. Wimbledon FC and Leeds United)