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October 15, 2008
Will Sports Weather The Economic Storm?
National Public Radio, All Things Considered
Sports have historically been recession-proof. Sportswriter Stefan Fatsis says events like the Sept. 11, 2001, attacks had little impact on the sports business. But, he says, in the present economic climate three issues must be considered: the credit market, corporate fallout and fans.
An excerpt:
Stefan Fatsis: You're going to see a lot more cost control with teams and leagues and then steps to keep them from losing companies and fans.
Robert Siegel: Steps such as?
SF: You're not going to see ticket prices go up much in the next year or two. Many teams are going to start offering discounts. In some sports like hockey or soccer, in the United States anyway, turnstile is still very important to the bottom line.
NoLandGrab: The importance of "turnstile" explains the Nets's latest season-ticket incentive program — no money down!
Posted by lumi at October 15, 2008 8:06 PM