And MLB team revenues are down 90-95%.
Owners, players, fans and TV have a reckoning imminent.
Expect fire sales on teams and BKs.
And likely the final nail in the coffin of cable tv which has been using every subscriber to subsidize exorbitant sports contracts.
It’s over.
As usual, you bring insightful, clear thinking logic and observations to topics.
You are entirely correct.
Athletes and professions related to sports have live in a Xanadu fantasy land for over 100 years. Their income and lifestyles eclipsed that of most royalty.
I had a conversation with a friend of mine who is a captain on one of the major airlines. My friend also has an MBA, and is quite savvy. His colleagues only hope is in a CARES 2 bailout of another $30 Billion from Pelosi, McConnell, and Trump. He tried to explain to them that it won’t happen. He also tried to explain that their company sold a product that few people wanted right now — or will want in the foreseeable future. Many of his fellow employees can’t deal with the reality.