Football From a Fiscal Standpoint! Self-Inflicted Wounds

Posted: October 7, 2017 in AVC Men's Basketball

Self-Inflicted wounds.  The best way to explain what has been happening to NFL football fiscally and possibly college football as well.

NFL Stats

If you really want to know what is happening to NFL football, don’t expect to see much in the sports news.  Sports writers/reporters are desperately trying to protect their own livelihood.  Look in the financial sections.

Forbes Magazine:  Three weeks ago I wrote that “the national anthem protests that began with San Francisco 49ers QB Colin Kaepernick and has since been copied by other players have angered many fans.  Three weeks later, Brandon Katz wrote: “Both CBS’ Sunday afternoon game and NBC’s Sunday Night Football saw their lowest ratings in seven years. Throw in last night’s lackluster debut and the 2016 NFL season is off to its slowest start in recent memory in terms of TV ratings.”

NFL ticket prices have plummeted in the wake of the uproar over the national anthem protests, dropping for the first time this year below the 2016 season’s prices per CNBC.

The National Football League will rake in roughly $4.6 billion in television fees from CBS CBS +1.85%, Walt Disney-owned ESPN , Comcast-owned NBC, Fox and DirecTV that it will equally share with its 32 teams this year. The NFL commands such a rich bounty because advertisers pay up for football’s huge ratings.

Unless the NFL can find a way to slow down the stampede of millions of fans leaving the football, the owners and players will be crying the blues as their profits and salaries plunge.  The stats speak for themselves.  15% loss of $4.3 billion dollars?

nfl losses

Comments
  1. Nothing like “killing the goose that laid the golden egg.”