American sports losses will reach 12 billion dollars due to Corona!

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A report by the American network “ISBN” released on Friday, showed that the amount of sports income in the United States for the total closure resulting from the spread of the epidemic of Coronavirus will reach 12 billion dollars, with the possibility of increasing it if the NFL is canceled.), and tournaments.

 

American sports losses

The size of the trade losses includes the wages players will pay at the stadiums, but this may be a conservative estimate as it does not include outdoor sports, betting or individual sports such as golf, tennis, and NASCAR are the most popular motorsports in the United States.

Patrick Rich, director of the Sports Business Program at the University of Washington in St. Louis, estimated the impact of the complete closure of the “ESPN” network on the major professional leagues at a loss of $5.5 billion, $3.9 billion university tournaments and youth sports competitions. With $2.4 billion.

These figures assume the completion of the baseball and soccer league semi-seasons with the presence of spectators for cancellation of the regular season in basketball and hockey tournaments and the implementation of the final phase of eliminations without fans and the resumption of sports competitions for the youth category in July.

None of this is guaranteed, given instructions to stay at home in most parts of the country due to the deadly virus that has killed around 65,000 people in the United States, out of more than a million cases reported and confirmed.

“As an economist, you go back, look at the massacre that is happening – disoriented, amazed, psychedelic, anxious. All these sentences, all relevant, because we have never seen anything on this scale,” said Rich.

Figures include the $3.25 billion spectators could have spent on professional tournaments, besides $371 million in revenue for stadium workers and $2.2 billion in broadcast rights to the United States. United.

And if the NFL is canceled, it will cost more than $11.5 billion in TV revenue, while 65 American football programs will receive about $4 billion in TV money, about half of the revenue that funds all budgets. Sports administration.

The report says there are three million jobs across the country that depend on the sport, from guides and guards to scouts and coaches.

Rich said that if he were forced to play a baseball championship without a half-season audience, fans would spend more than $2 billion.

 

 

 

 

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