10 groups in this sport went broke

Texas Rangers ImagesThe Getty is a series of the world, only months after filing bankruptcy. They are the first team has filed for bankruptcy and has a chance to win a title in the same year. Nine teams who have filed for bankruptcy in the past 40 years (penguins Pittsburgh twice placed), six are the NHL. Although relatively rare, go bankrupt regular sports franchises. Usually, teams go bankrupt after trying to large amounts of debt, bad investments or when the primary business of Viet owner. Most of the time, bankruptcy does not lead to a dismantling of the team, but usually resulting in a shift in ownership. So what are the major professional teams have filed for bankruptcy? Click ahead to find out! By Darren RovellPosted 29 October 2010