ESPN: Sudden vanishing of sports will cost at least $12 billion in revenue

ESPN

ESPN tapped Washington University sports business professor Patrick Rishe to examine the cost of the sports shutdown due to the coronavirus. According to his findings, "the sudden disappearance of sports will erase at least $12 billion in revenue and hundreds of thousands of jobs, an economic catastrophe that will more than double if the college football and NFL schedules are wiped out this fall by the coronavirus pandemic, an analysis conducted for ESPN shows. The meltdown is a fraction of the crisis spreading across the country, but it is nonetheless historic, touching every sector of the $100 billion United States sports industry."