Consequences of financial mismanagement in sports franchises can be severe, potentially leading to bankruptcy, loss of investor confidence, and diminished team performance. Poor financial practices can result in inadequate funding for player salaries, training facilities, and operational costs. This mismanagement may also lead to lower fan engagement and reduced revenue from ticket sales and sponsorships. Ultimately, long-term financial problems can jeopardize a franchise's presence in their league and impact their brand reputation, making strict financial oversight essential for sustainability.