Saturday September 30, 2023

Youth Sports Seeking $8.5 Billion

  • The youth sports industry is worth $19 billion in the U.S.
  • Aspen study finds 60% of sports organizations will lose at least 50% of revenue over the next year.
youth sports
Photo Credit: Kirby Lee-USA TODAY Sports
Front Office Sports Today

Donovan McNabb and the State of Football

From Taylor Swift to the Prime Effect, there's a lot going on in the world of football.
Listen Now
September 29, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied
While the entire sports industry is significantly impacted by the coronavirus pandemic, the $19.2B youth sports segment in the U.S is getting hit particularly hard. Last week, Little League International was forced to cancel its world series events for the first time in the organization’s 75-year history.

To ensure that the youth sports infrastructure survives, the PLAY Sports Coalition is working to secure $8.5B from Congress through an extension of the CARES Act. The coalition is made up of more than 400 youth sports organizations and has received bipartisan congressional support. Without quick action, many of the country’s youth organizations could be driven to bankruptcy and potentially close permanently.

Following the 2008 financial crisis, participation of 6 to 12-year-olds in team sports fell from 45% to 38% in 2014, according to the New York Times. A recent Aspen Institute for Sports study suggested that 60% of youth sports organizations expect to lose at least 50% of revenue over the next year. As states begin to reopen, some are looking to start up youth sports quickly including Kansas, Idaho, and West Virginia.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Deion Sanders with The Rock on ESPN's "College GameDay."

Deion Sanders Generated $45M In Earned Media For Colorado

From Sept.1-22, Sanders generated $45.7M for the public university.
Patrick Mahomes

NFL Media Machine Continues To Dominate In Week 1

NBC and CBS posted their best Week 1 viewership since 2015.

Josh Harris Was Commanders’ Only Option Despite ‘Really Complicated Deal’

Harris told FOS he was the only real option left as owner.
Women's World Cup

Women’s Soccer Is Exploding. The 2023 World Cup Proved Why.

A historic tournament continued the stratospheric commercial rise of women’s soccer.
podcast thumbnail mobile
Front Office Sports Today

Donovan McNabb and the State of Football

0:00
0:00

Featured Today

Ryder Cup’s Future Hanging In The Balance Amid Saudi Disruption

An unexpected change could be coming to the Ryder Cup.
September 29, 2023

Colorado Has Become the Hollywood of College Football. This Weekend Proves It.

Folsom Field will welcome dozens of Hollywood stars on Saturday.
Toy Story
September 29, 2023

‘Toy Story’ Success Could Lead to More Disney-Branded NFL Kid-Casts

A successful ‘Toy Story’ game could open the door for other franchises.
Kansas City Chiefs tight end Travis Kelce on field after the game at GEHA Field at Arrowhead Stadium.
September 29, 2023

Taylor Swift Shaking Up Travis Kelce, Chiefs Prop Betting Market

Sportsbooks are capitalizing with Taylor Swift-themed prop bets.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

Top Sports Business Jobs This Week (September 2023)

Each week, our staff combs through the thousands of job listings from…
October 3, 2022

Real Madrid President Renews Call for Super League

Real Madrid's president believes that soccer is losing ground.
August 10, 2022

PGA Tour Touts Projected Earnings to Keep Players

The PGA Tour is asking its players to consider their potential futures.
August 10, 2022

Bayern Munich to Make Growth Push in U.S. Market

Bayern Munich is looking to expand its reach in the U.S.
Nintendo-logo
August 3, 2022

Nintendo Profits Underwhelm, Switch Sales Decline

Nintendo failed to meet expectations in the company’s latest earnings report.
manfred_at_microphone
August 19, 2021

MLB Owners Propose $100M Salary Floor

Major League Baseball owners have proposed a $100 million payroll minimum for MLB’s 30 teams and a lower luxury tax threshold.
nfl_logo
July 23, 2021

NFL to Players: Get Vaccinated or Pay the Price

The NFL's threatening to drop the financial hammer on un-vaccinated players and teams that cause forfeited games in 2021, according to memo.
roger_goodell
July 15, 2021

Why the NFL Formed Its Own PAC

NFL commissioner Roger Goodell and the NFL have followed in the footsteps of Major League Baseball through establishing a PAC.