American sports

American sports lost at least $ 12 billion due to the Covid-19 pandemic

American sports will lose at least $ 12 billion in revenue due to suspension from the Covid-19 pandemic, even if the top professional leagues are canceled, according to ESPN.

The level of business damage analysis is only an estimate for corporate sports tournaments in the US and does not include outdoor recreation, bookies or golf, tennis and NASCAR racing. Patrick Rishe – director of the sports business program at Washington University in St. Louis, estimated 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 downtime, while college sports will lose the $ 3.9 billion and youth sports revenue will fall by 2, 4 billion USD. These figures are estimated from the premier league baseball (MLB), soccer (MLS) can be canceled half of the season, while basketball (NBA) and the National Hockey League (NHL) cancel. part and play-offs will be without an audience, while the youth sports tournament will be back in July.
However, according to AFP, the future of the tournament is still uncertain when the Covid-19 pandemic is raging, which caused more than 65,000 deaths and infected more than 1.1 million people in the US (as of day 2.5). Rishe told ESPN: “As an economist, stop, look at the” carnage “that is happening – dumbfounded, horrified, and disturbed.”