Poor Sport(s)
The financial crisis has hit nearly every facet of our economy, from retail sales, to auto sales, to the housing industry. And, though arguably not as important, the economic future of America’s sports organizations aren’t exempt from the trend either.
From Nascar to the NBA, over to the NHL and all the way to the NFL and MLB, nearly every professional sports organization in the U.S. is expected to hit a downturn with the economy in turmoil. Decreases in ticket sales, merchandise sales and corporate sponsorships will likely cause some economic hardships for all sports organizations.
I can’t say I feel sorry for the owners or the athletes. Perhaps cutting down on multi-million dollar contracts is a way to save money? Or, well, here’s an idea that could work: PLAN AHEAD!