10 October 2008
Still Going to the Game? (Pro Sports Owners Think So)
All major economic indexes are dropping except the financials of Pro Sports Clubs. Is Professional Sports a truly “Recessionary-Proof” entity? Evidence seems to state in the affirmative.
There are new stadiums being built with none of the team owners complaining about the credit markets. Personal Seat Licenses (See NY Jets) and Luxury Suite sales seem to be on schedule and demand is on an upswing.
Maybe sports is the nerve calming outlet we all need created by the stresses generated by the stock market falls (A Daily Occurence). Sports seems to psychologically render above all else, especially when it comes to consumer spending.
Boston Red Sox CEO states that the team is doing fairly well (Look):
Comments
No comments yet.
Add comment