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#NBA’s #coronavirus shutdown could lead to loss $1 billion loss in revenue

#NBA’s #coronavirus shutdown could lead to loss $1 billion loss in revenue
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Monday, 23 March, 2020, 20:35

The NBA already dealt with a purported loss in revenue earlier this year when Houston Rockets general manager Daryl Morey’s tweet in support of protestors in Hong Kong led to a disruption in business between the league and China.
The NBA already dealt with a purported loss in revenue earlier this year when Houston Rockets general manager Daryl Morey’s tweet in support of protestors in Hong Kong led to a disruption in business between the league and China.

But the NBA might be at a far greater loss because of the coronavirus pandemic.

Ben Golliver of the The Washington Post reported the effects stemming from the current suspension of play could result in a $1 billion loss in revenue for the NBA if they cannot resume play:

But the spread of the novel coronavirus, which forced the NBA to suspend its season last week, presents an even greater financial challenge to the league. It could push the NBA’s revenue hit past the $1 billion threshold, according to team executives and media estimates, should the rest of the regular season and postseason be canceled. For a league that had enjoyed a decade of prosperity, the combination of the Hong Kong controversy and the coronavirus crisis represents an unprecedented and wholly unexpected financial challenge.