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Business & Marketing
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Topic:
Impact of the COVID-19 Pandemic on the Finances of the NFL and MLB
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Instruction
Discussion Response #4 Prompt:
Based on your understanding of this week's lecture content, explain the relative impact of the COVID-19 pandemic on the finances of the NFL and MLB. What were the short-term and long-term financial impacts? How did it hurt specific revenue streams? Which sport was more impacted and why?
I will post you the criteria in the next step. I think k you will cite an additional research to match the point. Do not worried the part said that citation of the course material. I will covered that once I have the essay.
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Discussion Response 4
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Discussion Response 4
The COVID-19 pandemic disrupted the normal schedules of Major League Baseball (MLB) and the National Football League (NFL) because of the sudden countermeasures implemented by the federal and state governments to curb the spread of the virus. These measures led to a shift in game approaches, including playing without fans, while other sports became delayed for months before resuming. Such strict measures interrupted the mainstream sources of income for the leagues and clubs, triggering far-reaching impacts on their finances and the routine running of the enterprises.
COVID-19-related measures constricted the financial inflows of the NFL and MLB significantly. Projections by Contristano (2021) reveal that the two leagues could have earned approximately $10,796.58 for MLB and $7,578.54 for NFL under normal conditions in 2020. Unfortunately, MLB only managed to raise $3,218.04 while NFL brought $12,720.68, representing a concerning loss of 29.81% and 16.23%, respectively. These short-term financial impacts affected the lea...
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