Baseball’s World Series and basketball’s championship finals were both compelling events to watch. What’s not so compelling are the huge revenue hits professional sports incurred in their pandemic-ravaged seasons.
If you add in football, whose season is ongoing, the three leagues may see their sales fall by about $13 billion, according to various accounts. The drops are unprecedented, but if there’s any good news it’s that debt holders needn’t worry about their investments -- not yet, anyway. The ratings firms have so far remained confident in the leagues’ and teams’ abilities to service their debt.
The
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.