Sports Teams are Forcing Businesses to Adapt Virtual Fans

67 NFL players have opted out of the 2020 season due to the coronavirus pandemic, with athletes only allowed to withdraw if “a close family member gets seriously sick with COVID or if they themselves are newly diagnosed with a high-risk condition.” Team hit the hardest?

The New England Patriots. A grand total of eight players will not be playing in the fall, and that is after Tom Brady took his talent to Tampa.

At the NCAA level, UConn became the first major college football team to abandon its 2020 season outright, and the prospect of more cancellations could ding U.S. broadcasters like ABC/ESPN (NYSE:DIS), CBS (NASDAQ:VIAC), NBC (NASDAQ:CMCSA) and Fox (NASDAQ:FOXA).

This is one of the unique ways sports executives and leagues are filling the void in the stands created by the coronavirus pandemic.

Photo by Christian Fregnan on Unsplash

NBA on Brink of 2020 Season Inside the Orlando Bubble

Apple cuts deal with Amazon to get Amazon Prime on Apple devices.

MLB Commissioner Manfred Finally Gets Tough and Threatens to Shutdown Baseball

Is MLB’s Extra-Innings Rule Going to Remain After the  2020 season?

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: