Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Agency: 47% of sports events canceled in 2020

Written by 
Published in Baseball
Monday, 20 April 2020 12:31

Sports around the world have only been on hiatus since mid-March, but when the numbers are crunched, the impact the coronavirus pandemic has had on the industry will leave an impact for years to come. Only 53% of the major sports events originally scheduled for 2020 are likely to take place this calendar year.

That means, according to new projections from Two Circles, a sports marketing agency, just 26,424 sporting events will be held by the end of 2020 -- with the possibility that more are canceled as the virus spreads. There were approximately 48,803 major sports events -- ticketed events for professional and competitive sports events with a projected attendance of at least 5,000 -- scheduled in 2020.

Because of the sudden interruption to live sports, the global sports industry will generate just $73.7 billion in revenue in 2020. That's $61.6 billion less than the projection before the COVID-19 pandemic. In 2019, the global sports industry generated $129 billion in revenue and was anticipating a growth in the industry by 4.9% year-on-year.

The revenue projections, according to Two Circles, is cumulative revenue generated by professional sports rights-owners through their event-day businesses and the sale of media and sponsorship rights.

"Compared to most other industries, in recent times of economic adversity sports has proven to be recession-resilient. Whilst live sports is halted, every corner of the sports industry will continue to feel this significant financial pain, but we are certain that it returns, whether that's behind-closed-doors or with full houses, sports' economy will thrive once again," Gareth Balch, Two Circles CEO, said in a statement.

There is some hope that sports will be back in some capacity soon.

The Bundesliga in Germany hopes to begin soccer events in May, for example, though without fans in attendance. Other countries, like South Korea and Australia, have been mulling the return of sports without fans as their number of confirmed coronavirus cases continue to drop.

Dr. Anthony Fauci, the United States' top infectious disease expert and one of the faces of America's fight against the coronavirus, said last week that the only way professional sports will happen in summer 2020 is by holding events without fans and by having players stay in hotels.

Fauci's comments came a week after 72% of Americans polled by Seton Hall University's Stillman School of Business said they would not attend if sporting events resumed without a vaccine for the coronavirus. Just 13% of Americans said they would feel comfortable attending games the way they had in the past.

Two Circles works directly with more than 300 sports organizations worldwide, including the Premier League, Ligue de Football Professionnel and Wimbledon.

Read 3312 times

Soccer

Atléti mark Simeone's 700th game with late win

Atléti mark Simeone's 700th game with late win

Diego Simeone's 700th game in charge of Atlético Madrid ended in a late 2-1 win over Deportivo Alave...

Sources: Olof Mellberg to become St.Louis boss

Sources: Olof Mellberg to become St.Louis boss

EmailPrintOpen Extended ReactionsFormer Aston Villa and Sweden defender Olof Mellberg has signed a m...

Arteta backs Saka amid Kane drop-outs comment

Arteta backs Saka amid Kane drop-outs comment

EmailPrintOpen Extended ReactionsMikel Arteta has hit back at anyone questioning Bukayo Saka's commi...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

NBA follows NFL in warning players on burglaries

NBA follows NFL in warning players on burglaries

EmailPrintThe NBA is urging its players to take additional precautions to secure their homes followi...

Sources: Zion (hamstring) not close to returning

Sources: Zion (hamstring) not close to returning

EmailPrintNew Orleans Pelicans star Zion Williamson has undergone multiple treatments on his left ha...

Baseball

Hays, Finnegan, Rodgers among new free agents

Hays, Finnegan, Rodgers among new free agents

EmailPrintOpen Extended ReactionsNEW YORK -- Outfielder Austin Hays and right-hander Kyle Finnegan -...

Judge giving Soto space amid free agency frenzy

Judge giving Soto space amid free agency frenzy

EmailPrintOpen Extended ReactionsNEW YORK -- Aaron Judge is one of the few people on Earth who can r...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated