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2020, The Year With Major Financial Losses For Sports Leagues

The year 2020 will always be remembered for the financial impact that COVID-19 had on the world, sports leagues were no exception.

The sports industry saw unprecedented downs throughout 2020.

A calendar full of sporting events, including the Summer Olympic Games, were quickly erased as the COVID-19 pandemic spread across the globe.

That unprecedented turn of events led to massive losses:

  • The NFL could lose $2.7 billion in revenue this season due to lessened or no fans.
  • MLB lost $5.2 billion when it reduced its season to 60 games.
  • The NBA missed revenue projections by roughly $1.5 billion after finishing its season in a fan-less bubble.
  • NHL revenue dropped 14% from roughly $4.5 billion, another bubble casualty.
  • The remainder of the 2020 AHL season was cancelled and the league may not return in 2021.
  • MiLB had their season cancelled and many teams will no longer be returning as MLB affiliate.
  • MLS and its clubs lost over $1 billion in revenue.
  • The NCAA basketball tournament was cancelled which led to many schools having to cut multiple sports programs.
  • The XFL shutdown and was later sold.

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Nicholas Durst

Nicholas Durst

Nicholas Durst is a sports media professional who has worked as an on-air personality and producer with the Brooklyn Cyclones, Bleacher Report, MSG Networks, WFAN Radio and MTV. He has experience in TV, radio, social/digital media, short-form and live video across sports and entertainment. He is also a NCAA Division II broadcaster for CSI SportsNet. Nicholas hosts You Know I'm Right, right here on InTheZone.io. Follow him on twitter @Nick_Durst

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