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Message
Report: NBA came in $1.5 billion under revenue projections in 2020
Posted on 10/25/20 at 9:13 am
Posted on 10/25/20 at 9:13 am
Yahoo Sports
quote:
Revenue projections for the league this season were missed by about $1.5 billion, the person said. The losses were the result of a combination of factors — the shutdown caused by the pandemic, the cancelation of 171 regular-season games, completing the season in a bubble at Walt Disney World without fans, the nearly $200 million price tag for operating that bubble and a yearlong rift with the Chinese government that saw NBA games not shown on state television there.
26
Posted on 10/25/20 at 9:15 am to High C
They're waiting on that tik tok check to clear.
Posted on 10/25/20 at 9:17 am to High C
very good numbers with lockdown
only ~$50 milli per team
only ~$50 milli per team
Posted on 10/25/20 at 9:18 am to High C
Funny how they exclude the “wokeness caused the brokeness” factor.
Posted on 10/25/20 at 9:18 am to High C
Good news
Posted on 10/25/20 at 9:23 am to High C
quote:
The losses were the result of a combination of factors — the shutdown caused by the pandemic, the cancelation of 171 regular-season games, completing the season in a bubble at Walt Disney World without fans, the nearly $200 million price tag for operating that bubble and a yearlong rift with the Chinese government that saw NBA games not shown on state television there.
Posted on 10/25/20 at 9:23 am to High C
Good thing they've got the cash cow of the WNBA to make up for losses
Posted on 10/25/20 at 9:24 am to High C
I think they get hammered on season ticket holders not renewing for next season.
Posted on 10/25/20 at 9:27 am to High C
I hate the nba and all the pc crap, but I don’t think you can really compare this year.
Posted on 10/25/20 at 9:27 am to High C
Honestly, a less than 20% drop in revenue this year in a business where the revenue is impacted significantly by lack of in-person attendance is pretty good. If 40% of your revenue is gate and you spend 200,000,000 on a bubble as well I am not sure they can be too upset. There are a helluva lot of businesses that would have loved to only lose 20% this year.
Posted on 10/25/20 at 9:49 am to High C
Outright supporting a country that is literally rounding up the Uighurs tends to bite a company in the arse.
Posted on 10/25/20 at 10:01 am to High C
Good. May they continue to slowly kill their product so long as they are a part-time political action group.
Posted on 10/25/20 at 10:02 am to High C
quote:
Report: NBA came in $1.5 billion under revenue projections in 2020
Posted on 10/25/20 at 10:20 am to High C
The Chinese Communist Party can probably make up that difference for the NBA.
Posted on 10/25/20 at 10:34 am to High C
Y’all hate the NBA...we get it
Posted on 10/25/20 at 10:35 am to High C
Seeing as how they had to cancel the season and then renew it in a bubble, while allowing no fans... What did you expect to happen.
Posted on 10/25/20 at 10:39 am to High C
quote:
Revenue projections for the league this season were missed by about $1.5 billion, the person said. The losses were the result of a combination of factors — the shutdown caused by the pandemic, the cancelation of 171 regular-season games, completing the season in a bubble at Walt Disney World without fans, the nearly $200 million price tag for operating that bubble and a yearlong rift with the Chinese government that saw NBA games not shown on state television there.
I know it's sports writers with journalism degrees who don't know anything, but a reduction in revenues or a miss relative to projections is not a "loss." Also, the expenses associated with the bubble don't have anything to do with a decline in revenues.
Posted on 10/25/20 at 10:41 am to High C
The number of NBA cocksuckers in spite of the NBA's slavish support for an organization that would just as soon see you dead is mindblowing.
Posted on 10/25/20 at 10:48 am to High C
That’s what I like to hear from an organization that is far left.
Posted on 10/25/20 at 11:32 am to High C
Uh oh, that's a lot of Chinese Dick for Bron Bron to suck.
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