The Coronavirus’s Economic Effect On Sports Could Be Staggering

Every corner of the economy will or has already begun to feel the strain of COVID-19, so in that sense, sports is no different from any other industry facing this crisis. But for sports, it has also played out on a very public stage, with leagues trying to balance safety against the likelihood of losing astronomical amounts of money — often dragging their feet and seeming to put the latter over the former. For the sake of public health, though, the cancelations were necessary — and they will also have wide-ranging effects on the business and competitive landscape of sports that could ripple out for years.

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