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.