Report: Woke professional sports leagues lost $14 billion in 2020

It has been a difficult year for the world of professional sports.

Forbes reports that professional sports leagues here in America lost around $14 billion in revenue over the past year. 

The numbers

The financial loses appear to have been incurred by every aspect of the sports’ world, from the leagues themselves to the teams and players.

The losses suffered by the professional sports leagues have been detailed by various outlets, including Breitbart.

The outlet has reported that Major League Baseball (MLB) lost $5.2 billion, Major League Soccer (MLS) lost about $1 billion, the National Hockey league (NHL) lost over $600 million, the National Football League (NFL) lost almost $3 billion, and the National Basketball Association (NBA) missed it heavily reduced $1.5 billion projection.

The Forbes article touches more upon the financial losses of the various leagues’ teams and players.

The outlet reports, for example, that, on average, the value of NHL franchises dropped by 2 percent. NBA franchises rose by 4 percent, on average, which the outlet reports as “the smallest increase since 2010.”

Forbes also gave some examples of losses that the players themselves experienced, such as the NBA’s Chris Paul, who lost around $6.8 million, or professional golf’s Phil Mickelson, who lost $11.6 million, or the MLB’s Clayton Kershaw, who lost $3.5 million.

The backdrop

It is believed that these financial losses are largely the result of the coronavirus. As a result of coronavirus, games and events were canceled, and when they resumed, they resumed either without in-person audiences or with reduced capacities. This, of course, took away revenue from ticket sales.

One would think that the sporting world would have been able to makeup such losses with an increase in television viewership, but that did not happen. In fact, viewership, in many cases, dropped.

Some believe that what also could have contributed to the sporting worlds’ difficult 2020 was the decision by many leagues to “go woke.” There is little doubt that some people did tune out as a result of such activism, but the extent to which people tuned out for this reason is unclear.

The various sporting leagues are hoping to make up for 2020’s financial losses in 2021, but there are already signs that this is not going to happen. The NBA All-Star game, for example, just took place, and according to Sport Media Watch, it “was down 24% in ratings and 18% in viewership from last year (4.1, 7.28M),” making it “the lowest rated and least-watched edition of the game.”

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23 Responses

  1. I stopped watching Pro Sports when they took a knee. They should all be thankful they live in a great country.

    1. A man Brother love all types of football from my high school, college teams to simi pro, Monday night and sat and Sundays were set aside for the TV and Family. That was then and this is now one man and his Muslim GF changed that forever. When the twit took a knee and disrespected the flag I served under that was it. I did try to out wait the punk by then the go along to get along bunch, finished it. I have a lot more time now on my weekends to enjoy my grand sons high school games the NFL will be forever tainted.

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  3. WRONG!!!! People started tuning out when they started “Taking a knee”!!!! Just ask Colon Kap!!!!

  4. Don’t feel sorry for any of them. Thdy hate america so why watch them. The basketball kids should go to china and stay. Nascar is out as far as I can see. Have really enjoyed the history and science channels.

  5. I tried 4 times to read your highlight article and it brought me to one on sports instead.
    That being said, the various sports teams seem to feel they can say and do as they please and we need to just suck it up. No more! I think we are finally sick enough of them that we don’t care if they tank. As a matter of fact ..I hope they do.

  6. KEEP KNEELING GUYS YOU’LL BE WORKING AT REGULAR JOBS THAT DON’T PAY ANYTHING LIKE YOU MAKE NOW!! WHAT FOOLS!!

  7. MOST AMERICAN’S Use SPORTS As A Outlet from the Real World! … A Moment or Two To Just Cheer and Toast and Be Happy! … BUT, When folks decided To “DRAG POLITICAL PROPAGANDA” into a Fun Day at The Arena? … Well, That SPOILED THINGS. … SPORTS Is Suppose To Be FUN! … Not Gloom and Doom and ORGAN MUSIC. … It Is SAD TO ATTEND A GAME. …. Someone decided To Suck ALL THE JOY out of SPORTS? …. PLEASE, Eliminate ANY AND ALL POLITICAL PROPAGANDA FROM SPORTING EVENTS. … We Can Get Back To LIVING LIFE! … Be ALLOWED TO HAVE SOME FUN. OKAY?

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