Sports Economic Slump May Be Over

Sports Economic Slump May Be Over

If there's one thing the drawn out recession has taught sports executives, it's that the new business model of state-of-the-art arenas, high ticket prices, corporate suites and amenities galore has turned sports into a truly cyclical business, more beholden to the economy than ever.

The economic downturns of the early 1980s and early 1990s didn't knock Major League Baseball attendance down 6.6% or put close to half of NBA clubs into the red, as the current recession has done. Back then, sports was a relatively low-cost diversion that people were slow to cut back on.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles