The sudden disappearance of sports will erase at least $12 billion in revenue and hundreds of thousands of jobs, an economic catastrophe that will more than double if the college football and NFL schedules are wiped out this fall by the coronavirus pandemic, an analysis conducted for ESPN shows.
Click here to read the story at espn.com.
- What is revenue?
- Why is revenue important to sports teams, leagues and organizations?
- This article suggests that a cancellation of the football season could be “catastrophic” for the industry. Why?
- Based on information from this story, what factors were taken into consideration when analyzing the potential economic fallout of a canceled football season?
- According to this story, the potential impact on the youth sports industry would be even more devastating than college and professional football. Why might that be?