Sports industry profits dropped by billions of dollars in 2020 across major leagues as the CCP virus pandemic caused stadiums to close up. Despite larger amounts of people staying home due to lockdowns, TV ratings also plummeted remarkably—to about an average of half of last year’s figure. Front Office Sports reported that the league that suffered the greatest was the MLB at $5.2 billion. The league was widely criticized for appeasing to the Marxist-inspired Black Lives Matter and other leftist movements. Following the baseball league, the NFL suffered the second-biggest losses at $2.7 billion, followed by the NBA, which missed projections by $1.5 billion. The sports outlet also reported that TV ratings dropped hard compared to 2019. U.S. Open golf viewership dropped by 56 percent and the Stanley Cup by 60 percent. The NBA finals and U.S. Open tennis dropped by nearly half of ratings from last year. The WSJ reported …
Professional Sports Experienced Steep Fall in Ratings and Revenue in 2020
January 1, 2021
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