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Sports Industry Reels From Coronavirus Fallout

The story of international sports over the past decade was one of unlimited growth, unrestrained spending and unwavering popularity. Coronavirus brought the sports business to an immediate standstill. The boom times went bust overnight. Now, for the investors who plowed their fortunes into team ownership and the leagues that have gotten used to a gusher…

The story of international sports over the past decade was one of unlimited growth, unrestrained spending and unwavering popularity. Coronavirus brought the sports business to an immediate standstill. The boom times went bust overnight.

Now, for the investors who plowed their fortunes into team ownership and the leagues that have gotten used to a gusher of money, the crisis risks turning into a reckoning.

The…

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