Sunday, June 29, 2008

How the economy is impacting sports income

From: Reuters via Yahoo!:

In a Reuters/Zogby survey on June 12 to 14, almost 15 percent of those polled said they are attending fewer sporting events this year, and most of those people cited the weak economy as the reason. About 28 percent are spending less on food and souvenirs.

"The reality is people are going to spend less and be more careful about choosing what they spend it on," Rich Gotham, president of the National Basketball Association's Boston Celtics, said in a telephone interview.

It's the other side of the equation to keep in mind during this week of what will surely be mind-boggling spending in the NHL.

1 comment:

Anonymous said...

All the more reason to support minor league teams if you have one in your market. True story.