Posted on 01/14/2024 9:03:44 AM PST by MtnClimber
“Thus, they’re killing the golden goose.”
So far the goose is laying a lot of golden eggs and is creating it’s own little team future (owners) in investments and contractual futures in everyone else. During the 2022 season, which is the last full one, average revenue for the league’s 32 teams increased 8% while operating income (earnings before interest, taxes, depreciation and amortization) fell 14%.
The Dallas Cowboys remain the most valuable team in the league at a record $9 billion, 13% more than a year ago. The Cowboys generate the most revenue ($1.1 billion) and operating income ($500 million) by far in the NFL.
There were also four teams that rose at least 20% in value during the past year—the Tennessee Titans (up 26%, to $4.4 billion), Las Vegas Raiders (now worth $6.2 billion, 22% more than a year ago), Miami Dolphins (up 24% in value, to $5.7 billion), and the Cleveland Browns, (up 20% to $4.62 billion). So it is continueing to be a group grope all over the country as these are the big winners only. Everyone is in the black.
And the waiting lists for season tickets is long and prosperous as the leagues, which are made up of the owners, change the games to fit the wishes of the fans (or what the fans can have).
One of the most lucritive is the TV contracts. I don’t watch TV sports much anymore as most can’t play the game but I pay for it with cable whether I do or not. And all those sponsors that make money off the people for commercials adjust their prices to cover that investment. Then it gets into the economy...oh, the possibilities are endless. Don’t look for sports to fold up anywhere soon. They’re feeding off too many teets of the public.
wy69
But if you ask the Millenials and Gen Z about the NFL, their support is lukewarm.
They'll watch the Super Bowl but that's about it.
The NFL needs them to pay tickets for crappy teams like the Bengals, the Cardinals, the Jaguars and expect them to pay $150 each for a seat right now.
It's tough to make that argument.
“It’s tough to make that argument.”
As long as the owners, who garnish a majority of the profits, are going to change the game to increase people watching it, and as long as the teams can provide it, get the sponsors trash out into the public eye and are willing to pay rediculous prices to get it, the “game” will go on. But it’s not the sport. It’s the business. And all sports are going to that to include the “so called” amatuer sports like the NCAA and the IOC. They like the money and don’t care about what product they get it with until the public dislikes something then they change it. No news is good news.
wy69
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