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Sunday, May 17, 2020

Rob Manfred estimates $4 billion loss for MLB team owners if no baseball in 2020

MLB commissioner Rob Manfred tried to put a dollar figure on baseball not being played at all this season because of the coronavirus pandemic.

Manfred told CNN’s Anderson Cooper and Dr. Sanjay Gupta on Thursday that the 30 clubs could lose about $4 billion combined if there are no games. Cooper did not follow up on how Manfred arrived at that estimate.

Manfred said teams are willing to stage games behind closed doors at the start of the season and not take in revenue from fans. MLB is estimated to be a $10 billion industry.

“Playing in empty stadiums is not a great deal for us economically,” he said. “Our owners are committed to doing that because they feel it’s important that game be back on the field and that the game be a sign of a beginning to return to normalcy to American life the way we’ve always enjoyed it.”

 

RoyalsRetro (AG#1F) Posted: May 17, 2020 at 05:14 PM | 21 comment(s)
  Beats: fake news

 

 

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