The Coronavirus Will Cost U.S. Sports Leagues At Least $5 Billion

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The Coronavirus Will Cost U.S. Sports Leagues At Least $5 Billion
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With play suspended until at least May, empty stadiums and no games to broadcast mean huge losses from ticket sales, concessions, sponsorships and TV rights fees by kbadenhausen

I am a senior editor at Forbes and focused mainly on the business of sports and our annual franchise valuations. I also spend a lot of my time digging into what athletesI am a senior editor at Forbes and focused mainly on the business of sports and our annual franchise valuations. I also spend a lot of my time digging into what athletes earn on and off the field of play.

I've profiled a bunch of athletes that go by one name: LeBron, Shaq, Danica and others. I also started our biennial B-School rankings; annual features on the Best Places for Business ; and America's Best Banks. I joined Forbes in 1998 after working 3 years at Financial World magazine. Email: [email protected] staff and contributors may participate in the discussion. Opinions expressed are their own.

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The Coronavirus Will Cost U.S. Sports Leagues At Least $5 BillionThe Coronavirus Will Cost U.S. Sports Leagues At Least $5 BillionWith play suspended until at least May, empty stadiums and no games to broadcast mean huge losses from ticket sales, concessions, sponsorships and TV rights fees. If play doesn't return by July, the cost to major U.S. sports leagues could reach upwards of $10 billion.
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