• Loading stock data...
Saturday, December 14, 2024
    More
    Quick Hits

    MLB Revenue Slides

    By
    Oct 27, 2020 | 07:08 pm
    UPDATED Oct 27, 2020 | 07:31 pm
    MLB
    Kevin Jairaj-USA TODAY Sports
    MLB successfully navigated its way through a pandemic-shortened 2020 season to the World Series, but the league suffered a $3.1 billion loss. Teams have shed hundreds of jobs — with some not expected to return.

    The Atlanta Braves are among the teams that laid off employees after experiencing a 95% year-over-year revenue dip April to June. Other teams that suffered large layoffs include the Boston Red Sox, Chicago Cubs, Oakland A’s and San Francisco Giants.

    Offseason layoffs and furloughs aren’t contained to MLB either as leagues combat the loss of game-day fan revenue — up to 70% for some teams. Earlier in the pandemic, other leagues and teams dealt with furloughs, layoffs and pay cuts.

    MLB 2020 Expectations vs. Reality:

    $10 billion — Expected 2020 Revenue

    $10.2 billion — Expected 2020 Expenses

    $3 billion — Real 2020 Revenue

    $6.1 billion — Real 2020 Expenses

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read
    by

    The Top-Secret Operation to Create the Army-Navy Football Uniforms
    The two-year process includes dozens of employees, NDAs, and military historians.
    by

    Manchester City Is a Mess. It’s Still Breaking Revenue Records
    As on-field losses mount, the Premier League giant reports record revenue.
    Cody Bellinger
    by

    The Astros Cheating Scandal Still Looms Large Five Years Later
    It may end up a major factor in the Cubs’ and Yankees’ offseasons. 
    Indiana Fever forward Aliyah Boston (7) celebrates with Indiana Fever guard Caitlin Clark (22) altering recording a triple-double Wednesday, Sept. 4, 2024, during the game at Gainbridge Fieldhouse in Indianapolis. The Indiana Fever defeated the Los Angeles Sparks, 93-86.
    by

    The Meteoric Rise of Women’s Basketball in 2024
    The business of women’s basketball exploded this year.

    Featured Today

    Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena
    by

    ‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern
    A season after Jontay Porter, the biggest risk may not be players.
    Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
    opinion
    December 7, 2024

    College Football’s Billionaire Backer Era Begins
    Is this the new normal in CFB recruiting?
    LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
    December 6, 2024

    With or Without Messi, Major League Soccer Is Barreling Into the Future
    After the Cup final, the league looks to accelerate its growth.
    Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
    December 2, 2024

    FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World
    Resentment and frustration over expanded schedules is nearing a breaking point.

    More in Quick Hits
    patrick_mahomes
    by

    Super Bowl TV Viewership Sinks 8%
    CBS Sports’ telecast of the Tampa Bay Buccaneers’ 31-9 victory over the Kansas City Chiefs averaged 91.629 million viewers, down 8%.
    person_playing_cricket
    December 23, 2020

    Prominent Tech Execs Line Up to Back Cricket Growth In the U.S.
    More than 20 investors have now bought into American Cricket Enterprise, parent company oMajor League Cricket.
    man_riding_stationary_bike
    December 28, 2020

    Connected Fitness Company Echelon Lands $65 Million Investment
    The funding came from Goldman Sachs and North Castle Partners, who now own controlling interests in the company.
    Sponsored

    How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture
    As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
    woman_holding_hockey_stick
    December 23, 2020

    NBC to Air NWHL Finals, Adds to Banner Year for Women’s Sports
    It will be the first time professional women’s hockey games are shown live on a major national cable network in the U.S.
    antetokounmpo_dribbling_basketball
    December 23, 2020

    ‘Giannis Effect’ Felt by Bucks Following Record-Breaking Extension
    Since he was drafted in 2013, the Bucks’ valuation has jumped from No. 30 in the league at $312 million to No. 19 at $1.58 billion.
    December 22, 2020

    Adam Silver Says NBA Expansion is ‘Manifest Destiny of the League’
    “It’s sort of the manifest destiny of the league that you expand at some point,” NBA Commissioner Adam Silver said Monday.
    December 22, 2020

    Adidas Partners With Jerry Lorenzo, Fear of God Brand
    Lorenzo will lead creative and business strategy for Adidas basketball globally, and launch a Fear of God athletics sub-brand.