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David E. can expound more if he wants, but from what I understand, Spanish sports as a format is not unlike Spanish talk. If you're in a place with a non-homogeneous Spanish population, very few will be happy with the sporting options presented. What Mexicans like is not necessarily what Puerto Ricans, Dominicans, or Colombians, etc. like.
That being said, Lazer has a large amount of rimshot signals in their portfolio(at least here in NorCal). A niche format such as soccer-oriented Spanish sports station could do quite nice on some of the distant FMs or AMs. If it's not a failure in the Bay Area, I'd imagine it in Modesto and Sacramento on a station in the not-terribly-distant future.
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