Credit ratings firms remain confident about the NBA, NFL and MLB despite the leagues reportedly experiencing a combined revenue drop of $13 billion.
Moody’s Investor Services suggests most municipally-owned stadiums have liquidity to survive the revenue losses from the pandemic. Fitch Ratings is optimistic the setbacks are temporary and are mitigated by current and future media rights deals.
MLB signed a 7-year, $3.75 billion deal with Turner in September — an increase of roughly 65% over its previous agreement — showcasing the potential safety net that future contracts could provide.
Revenue Losses by League this Season:
MLB: $7.7 billion
NFL: $4 billion (projected)
NBA: $1.2 billion