BIZ2020, The Year With Major Financial Losses For Sports Leagues by Nicholas Durst January 1, 2021 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. Post Views: 31The following two tabs change content below.BioLatest PostsNicholas DurstNicholas 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_DurstLatest posts by Nicholas Durst (see all) You Know I’m Right, Episode 74: WFAN’s Craig Carton (Audio/Video) - January 25, 2021 You Know I’m Right, Episode 73: The New York Post’s Marc Berman (Audio/Video) - January 22, 2021 The End Of NBCSN - January 22, 2021 You Know I’m Right, Episode 72: SNY’s Eamon McAnaney (Audio/Video) - January 21, 2021 Related Topics2020AHLCOVID-19FeatureMiLBMLBNBANCAANFlNHLXFL Newsletter SubscriptionCan't Miss Posts! No Shame in Their Game – Female Mixed Martial Artists Use Onlyfans to Make Money by Brandon Berrios | posted on December 4, 2020 You Know I’m Right, Episode 69: WFAN’s Al Dukes (Audio/Video) by Nicholas Durst | posted on January 12, 2021 The Most Catastrophic Boat Trip Since the Titanic; the New York Giants by John Venezia | posted on October 4, 2020 Women in Sports: NHL Network Host, Jackie Redmond by Nicholas Durst | posted on March 4, 2019 You Know I’m Right, Episode 68: WFAN’s Gregg Giannotti (Audio/Video) by Nicholas Durst | posted on January 7, 2021More in BIZ You Know I’m Right, Episode 74: WFAN’s Craig Carton (Audio/Video)On the 74th episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... The End Of NBCSNNBCUniversal will shutter its NBCSN sports network, and move some of its top sports properties to... Michigan Legalizes Online Sports BettingSports betting has been legal in Michigan since the end of 2019, but you... You Know I’m Right, Episode 72: SNY’s Eamon McAnaney (Audio/Video)On the 72nd episode of You Know I’m Right, Nick Durst and Joe Calabrese are joined by... Detroit Native, Hip Hop All-Star Big Sean Named Pistons Creative Director Of Innovation Lebron James the GOAT? Oh Please…