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Originally Posted by DaneMcCloud
No, it is not.
The NFL earned more than $12 billion in revenue last year. If there are no fans in the stands this season, each team will lose approximately $100 million or $3.2 billion in total. That's only 25% of their entire revenue stream and moving forward, that percentage will only shrink, not grow.
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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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There are more reasons that just stadium issue.
Furthermore, attendance has been consistently shrinking for the past decade, a trend that will only continue as 4K and 8K TV's become less expensive and higher internet speeds produce an even better home experience.
The owners are well aware of this trend, which is why they wanted a new CBA in place before they begin their next round of network and streaming negotiations.
Their revenue stream is only going to increase, not decrease.
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And that’s where my 2nd point comes in: ad revenue. It’s olummeted across all media platforms. Sports cannot delay this reckoning.