Within the newest episode of Sporticast, presenters Eben Novy-Williams and Jacob Feldman talk about a few of the greatest sports activities enterprise tales of the week, together with the entry of the US financial system into an official bear market. Each the S&P 500 and the Nasdaq are going via their worst weeks since March 2020, mixed with persistent inflation and a cryptocurrency collapse, all of which may have a dramatic impact on sport.
Recessions can negatively have an effect on franchise values - the 2008-09 recession was the one time within the final 30 years that sports activities staff values fell in unison – however additionally they spurred a rise in M&A transactions. There have been extra controlling inventory gross sales in 2010, 2011 and 2012 than some other 12 months since 2004. It stays to be seen if this shall be true if and when the US financial system recovers.
The downturn is definitely affecting publicly traded sponsors and media companions, who might tighten their grip if the bear market continues. It’s going to additionally affect ticket gross sales and concessions, as folks throughout the nation restrict discretionary spending.
Lastly, the duo talk about the most recent in digital media as leagues and sports activities groups proceed to search for new methods to succeed in followers — particularly younger folks — who don’t watch video games however could also be thinking about different types of content material. .
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