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Losing Alabama's Football Season Could Mean Revenue Losses In The Billions, Mayor Says
Fox News ^ | 6-23-2020 | Ryan Gados

Posted on 06/23/2020 12:15:27 PM PDT by blam

Football program generated $175.5 million in 2015-2016 fiscal year

University of Alabama football means more to the city of Tuscaloosa than just bringing notoriety to the school and the state with a handful of national championships.

The team also brings in significant cash flow and it could mean a major loss should the college football season get canceled because of the coronavirus pandemic. Mayor Walt Maddox told reporters on a video conference call that not having a season could result in about $2 billion in lost revenue.

“It would be economically catastrophic for Tuscaloosa if there is no football season,” Maddox said, according to CBS42. “Even a mitigated football season with restricted attendance and number of ball games would have dire economic consequences.”

Maddox said the city was losing $600,000 per week when the campus was closed due to the pandemic.

“It’s about a hotel owner being able to pay his or her employees. It’s about a restaurant being able to pay their small business loan. It’s about a family trying to make their mortgage payment. It’s more than just a game,” he said, according to WBRC-TV.

According to the University of Alabama’s economic data, the impact on Tuscaloosa was projected at nearly $2 billion for the 2015-2016 fiscal year. The football program generated $175.5 million of those funds, including about $25 million per game.

Maddox said the city has $42 million in reserves for a year should the season get canceled.

“It’s important to wear your masks and practice social distancing so we don’t even have to entertain the possibility. If we can regain a football season this becomes a bump in the road. If we lose this football season this becomes a sinkhole,” he said.

(snip)

(Excerpt) Read more at foxbusiness.com ...


TOPICS:
KEYWORDS: alabama; coronavirus; football; tuscaloosa
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(Shania is 54)

- Roll Tide -

1 posted on 06/23/2020 12:15:27 PM PDT by blam
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To: blam

I think in some cases, it is not accurate to say that “this college has a football team”.

It may be more accurate to say “this football team has a college”.


2 posted on 06/23/2020 12:17:07 PM PDT by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
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To: blam

Wear masks, HA, how ridiculous. Like the Crimson Tide is AFRAID of some little bug! NEVER!


3 posted on 06/23/2020 12:18:31 PM PDT by babble-on
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To: blam

Football??

Isn’t that a game that a bunch of mostly black men play at he behest of the Rich Liberal White Owners of these Teams?? Like Puppets or a minstrel show???


4 posted on 06/23/2020 12:19:16 PM PDT by eyeamok
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To: ClearCase_guy

Famous quote by an OU president.
“I want to build a university the football team can be proud of”


5 posted on 06/23/2020 12:19:41 PM PDT by arkfreepdom
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To: blam
"Football program generated $175.5 million in 2015-2016 fiscal year"

That's a lot of money for a state that has a population that is less than metropolitan Houston, Texas.

6 posted on 06/23/2020 12:25:24 PM PDT by blam
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To: blam

These small sized SEC towns will take a serious hit without football crowds to be sure, but I honestly think Tuscaloosa will be able to withstand the hit far better than other similar cities.

As Groucho said, they can always fall back on elephant hunting.


7 posted on 06/23/2020 12:29:46 PM PDT by CharleysPride (Triton 2038!)
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To: blam

Funny thing though was that Saban was blasting Tide fans for lack of attendance, because basically Bama fans don’t care much for the regular season, since they assume they’ll win all those games anyway.


8 posted on 06/23/2020 12:32:06 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: blam

So, how is this serious, young academic scholar supposed to get to the NFL now?

9 posted on 06/23/2020 12:34:21 PM PDT by SkyPilot
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To: SkyPilot
The NFL is going out its way to sabotage itself, and I suspect will become a far less lucrative business over the next 10-20 years.

Their farm teams will also suffer.

10 posted on 06/23/2020 12:37:42 PM PDT by Joe 6-pack (Qui me amat, amat et canem meum.)
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To: dfwgator
"Funny thing though was that Saban was blasting Tide fans for lack of attendance, because basically Bama fans don’t care much for the regular season, since they assume they’ll win all those games anyway"

I thought that was about attendance from the 'reserved tickets' student section.(Or, something related to that.(?))

11 posted on 06/23/2020 12:40:26 PM PDT by blam
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To: blam
you comment lacks the proper context.

See the source image

12 posted on 06/23/2020 12:41:32 PM PDT by where's_the_Outrage? (Drain the Swamp. Build the Wall.)
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To: Joe 6-pack
"The NFL is going out its way to sabotage itself, and I suspect will become a far less lucrative business over the next 10-20 years."

Yup. I don't watch the NFL, period!

13 posted on 06/23/2020 12:41:55 PM PDT by blam
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To: blam

And....?


14 posted on 06/23/2020 12:42:52 PM PDT by SMARTY ("Nobility is defined by the demands it makes on us - by obligations, not by rights".)
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To: SMARTY

They should have a policy of “business as usual”. It people want to come they will. If people are afraid of the chinese death virus, they won’t. Toughen up.


15 posted on 06/23/2020 12:44:37 PM PDT by hal ogen (First Amendment or Reeducation Camp???)
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To: Joe 6-pack

Half-black Pat Mahomes is woke now - LeBron congratulated him on Twitter.
I might be done. I lived long enough to see a Chiefs SB.


16 posted on 06/23/2020 12:44:44 PM PDT by GnuThere
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To: blam

The mayor could work with the governor to end the charade.

That would mean they both have to give up being control freaks, so it won’t happen.


17 posted on 06/23/2020 12:45:02 PM PDT by Professional Engineer (Looks like I'll have to buy the White Album again.)
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To: blam

NFL is dead to me and college football is going the same way.


18 posted on 06/23/2020 12:45:23 PM PDT by Loud Mime ("Now, go and do your duty before darkness covers the earth." Michael Uhlmann (1939 - 2019))
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To: blam

I’m an avid cfb fan but I’m ready to just walk away. Sick of the in your face insults and preaching. It’s uncalled for.


19 posted on 06/23/2020 12:53:01 PM PDT by arkfreepdom
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To: babble-on

They’re afraid of LSU...
RTWFU.


20 posted on 06/23/2020 12:59:07 PM PDT by DeplorableGirl
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