American Sports Lost At Least $12 Billion Because of Covid-19

According to ESPN, American Sports will lose at least $ 12 billion in revenue due to suspension from the Covid-19 pandemic. It will be even more if some of the top professional tournaments are canceled.

The analysis of business loss is only an estimate for corporate sports tournaments in the United States and does not include outdoor recreation, betting, golf, tennis and NASCAR racing. Patrick Rishe shared that it is estimated that the impact of the closure on major American and professional sports leagues will be immense due to the impact of the Covid-19 pandemic.

Rishe estimates that US professional sports will lose at least US $ 5.5 billion from delays while college sports will lose US $ 3.9 billion. It is estimated from MLB NBA, NHL and MLS that can be canceled.

However, according to AFP, the future of the tournament is still uncertain when the Covid-19 pandemic is raging. Currently, the virus has caused more than 65,000 deaths and infected more than 1.1 million people in the US (as of 2.5). Rishe told ESPN that when he stopped, he looked at the carnage that was happening from the perspective of an economist. He was dumbfounded, horrified and disturbed.

It is estimated that the figures above do not account for 3.25 billion USD in ticket sales at professional tournaments and 371 million USD to pay the venue service workers with 2.2 billion USD fee. American TV copyright. Meanwhile, if the NFL is canceled due to the Covid-19 epidemic, it will cost more than $ 11.5 billion in television revenue. According to ESPN, there are 3 million people working nationwide, dependent on American sports. Rishe recommends that, MLB must decide to continue the season to complete the remaining 162 games without the audience and lose more than $ 2 billion in ticket sales if they do not want to worsen the financial crisis.

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