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Thursday, June 25th, 2009

Professional sports are becoming elitist entertainment

Sports & Wellness – June 25, 2009

How we get these Future News Predictions

Find out how these predictions will affect you

Professional sports are going through a major evolution. The economy has affected sports to a great degree. However, it has had less effect on Pro teams and more effect on fans. The average fan, those who over the years brought their families to live events, can no longer afford to spend hundreds of dollars on tickets, concessions and team paraphernalia. The average Joe who may have had season tickets for many years is now giving them up because of cost.  Expenses are going up for all professional sports teams.  More money is needed for players and many have, or are building, new stadiums. These new stadiums have fancier and fancier boxes that are targeted at wealthy clients or corporations. While the pro-teams are doing well the minor league teams are not. Some minor league clubs have gone bankrupt and folded and others have been forced to postpone their seasons until the economy has a turnaround.  Many minor league teams owe millionsContinue reading »

Tuesday, January 27th, 2009

SPORTS passion and business

Sports & Wellness – January 27, 2009

How we get these Future News Predictions

Find out how these predictions will affect you

Sports encompass both passion and business.  You can expect that people will always be passionate about sports, but the business aspects of sports change.  Right now, the economic recession is having a huge impact on all sports.  Teams are tightening their belts and slashing budgets to keep their franchises profitable.  One thing that has happened is that ticket prices have come down.  This is good for the average fan.  However, we are in times when the average fan doesn’t have any money.  Also, many of the corporate boxes and special seating for large companies have disappeared.  Some of these companies aren’t even around anymore.  So it will be a continuing challenge to fill stadiums.  Besides the fans, the franchises are suffering.  With less people attending games, they are losing concession money and the sale of team apparel and merchandise.  This is on top of ticket prices falling.  More people are staying home and watching sports on TV rather than going to the stadiums.Continue reading »

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