Quote:
Originally Posted by Prison Bitch
Dane, I said “sports”, not NFL. Sports revenue collectively derives 40-50% of its gate from attendance, concessions, suites, etc. (Take the Indy 500 which I attended every year: $40M gate, $4M tv deal. Do the math). Golf, tennis, college sports on and on rely on butts in the seats.
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Adding in NASCAR, NHRA and Indy Car racing completely skews the comparison because as we all know, NASCAR is the largest spectator sport in the world, but their TV revenues are a
fraction of what the NFL, NBA and MLB receive each year.
And if you're throwing in college athletics, the dynamic changes once again. There have been several universities that have decided to drop sports altogether because so much of their funding relies on their students, who may or may not attend their chosen universities this year or next or the year after.
But if you're talking strictly the NFL, MLB and NBA, they can all survive and thrive without people in the stands, which is where things are headed and why the new LA stadium seats 70,000 instead of 80,000-100,000.