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re: Sudden vanishing of sports due to coronavirus will cost at least $12 billion, analysis say

Posted on 5/2/20 at 7:23 pm to
Posted by tLSU
Member since Oct 2007
8692 posts
Posted on 5/2/20 at 7:23 pm to
Are we sure just one season is enough??????!?
Posted by moneyg
Member since Jun 2006
63692 posts
Posted on 5/2/20 at 7:37 pm to
quote:

Where was the $12 billion going to? 90 odd team owners?

I’m just as pissed about sports not happening as the next guy, but I’m not shedding a tear for Jerry Jones not making his customary $500 million this year and having to pay for his Botox, Johnny Walker Blue, and hookers out of his savings account



fricking liberals
Posted by SHOtime Tiger
Member since Aug 2019
1361 posts
Posted on 5/2/20 at 7:52 pm to
quote:



fricking liberals


So If you say I don’t care if a billionaire makes $500 million you’re a liberal?

I‘m not worried about asking for a little nuance in an article talking about the distribution of $12 billion dollars.
Posted by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
49487 posts
Posted on 5/2/20 at 8:05 pm to
Overpriced shite anyways
Posted by StupidBinder
Jawja
Member since Oct 2017
6392 posts
Posted on 5/2/20 at 8:10 pm to
quote:

So If you say I don’t care if a billionaire makes $500 million you’re a liberal?


I think that your lack of an understanding of basic economics probably has more to do with it.
Posted by Spankum
The Sip
Member since Jan 2007
63329 posts
Posted on 5/2/20 at 8:13 pm to
The $12 billion figure is a matter of perspective. If you are one of the lucky few who can make your living off sports, ok I’ll buy that. If you’re like the rest of us, it is a savings of $12 billion dollars.
Posted by SHOtime Tiger
Member since Aug 2019
1361 posts
Posted on 5/2/20 at 8:18 pm to
quote:



I think that your lack of an understanding of basic economics probably has more to do with it.


I’m willing to admit I’m ignorant of “basic economics” regarding TV rights, stadium deals, sponsorships, labor negotiatons for multiple different sport industries and god knows what else, but you’re the idiot if you think a lack of knowledge favors one side of the political spectrum over the other.

Politics doesn’t play favorites & dumb people exist on both sides.
This post was edited on 5/2/20 at 8:30 pm
Posted by StupidBinder
Jawja
Member since Oct 2017
6392 posts
Posted on 5/2/20 at 8:32 pm to
quote:

you’re the idiot if you think a lack of knowledge favors one side of the political spectrum over the other.


I probably should have been more specific. It was the nature of your misunderstanding that probably led that poster to assume you were a liberal.

Yes, folks on the far right have can often have their own odd way of viewing the economy, but liberals have a tendency to be “meh” about economic losses at an industry-level because it “only hurts rich people”.

In reality, service workers, restaurants, hotel workers, people who are employed by local governments that rely on tax revenue that won’t be collected, etc are going to feel that pain waaaay worse than Jerry Jones who, like others have said, is still going to make money either way.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
7409 posts
Posted on 5/2/20 at 8:33 pm to
quote:

The $12 billion figure is a matter of perspective. If you are one of the lucky few who can make your living off sports, ok I’ll buy that. If you’re like the rest of us, it is a savings of $12 billion dollars.


That’s simply not how it works.
If $$$ is not circulated, there is money (real earnings) lost. Like the article stated, restaurants, hotels, workers, vendors, farmers and purveyors, etc.
Semi-complex stuff here amigo.
Posted by MSUDawg98
Bear the F Down
Member since Jan 2018
14173 posts
Posted on 5/3/20 at 2:30 am to
According to PFT there's only a "small" chance the 2020 NFL season doesn't happen. Not sure if I posted this here or just discussed it with my wife... the league schedule being released is going to signal if they'll play or not. The minute they release a schedule the players have them by the short hairs. Up until then the owners can actually frick the players over and treat 2020 as if it never happened (toll their contracts.) The TV money is too big so I think it's maybe 5% no season, 75% games but no fans, 15% 1/3 capacity, and 5% anything 1/2 to full capacity.

I was just reading an article the lefties at VFN turned into their big headline "What happens if a coronavirus vaccine is never developed?" At that point I say F all this curve crap...if it gets me I'll get a few cases of Corona to enjoy while I'm going down. I've already made my contribution to humanity with my athletic kid. (Oddly I started putting together oral histories via camcorder a few years back so not much more left to pass down by being around.)
Posted by theantiquetiger
Paid Premium Member Plus
Member since Feb 2005
20083 posts
Posted on 5/3/20 at 3:10 am to
The money is not lost, it’s directed somewhere else. I have a budget for play money. If I was spending x amount of dollars for tickets, team apparel, etc, and it’s gone, I’m still going to spend that play money somewhere else. The money is not gone, just spent elsewhere (and of course I’m not talking about people that have been laid off)
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