Economics affect
every type of business in the world, and sports are a business that can be
affected by the economy. According to this article many of the smaller less
popular leagues like the NHL and NBA could lose both fans and teams to the
recession of our economy. This would be similar to how the NHL and NFL lost
teams in the 1920’s during the great depression. The NFL today wouldn’t have to
worry about losing teams because of the current popularity of the sport. It
will all depend on how these leagues that are in trouble develop new revenue
streams and expand the support for their league. The MLB should be fine as well
even though there are a couple teams that are struggling with attendance. The
professional sports leagues are much like the other corporate businesses of
America, when the economy is in recession the professional sports leagues
struggle as well.
This article did not surprise me
when it listed the current professional leagues that may be in trouble.
Although this article was written in 2009 it is still a great example of how
the economy affects sports. It stated that both the NHL and the NBA had the
greatest threat to losing fans and teams because they have the least amount of
popularity in the United States, where sports like the NFL and MLB are still
popular and fans will attend even with a bad economy. However, we know now that
no leagues lost any teams and the popularity of sports didn’t change due to the
economy. It would have to be very hard times in the economy for professional
teams to have to declare bankruptcy because of how popular sports are in our
culture. Even though this article is a little outdated it still provided a
great example of how all types of business are threatened by a recession in the
economy, and hopefully sports never have to lose teams or fans like they did
during the great depression.
Williams,
Jonathan. "Sports Economics: NFL, MLB, NHL, and the Effects of the
Depression." Bleacher Report. N.p., 27 Feb. 2009. Web. 10 Apr. 2013
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