Wednesday, June 17, 2020

How the COVID-19 Pandemic is Impacting Professional Sports

The CEO of Personal Financial Strategies, Inc., Leslie “Les” Goldstein is an Arete Wealth Management-licensed advisor. Responsible for overseeing financial planning and investment advisory decisions, Arete Wealth Management-licensed advisor Leslie Goldstein enjoys watching basketball in his spare time.

During the COVID-19 pandemic, the National Basketball Association (NBA) and other professional sports leagues are looking for new ways to engage fans. One way fans can get their sports fix is by viewing classic games, archived content, documentaries, niche competitions, and more on ESPN and Fox Sports. Basketball fans may be happy to know that the NBA and Turner Sports are not charging for the League Pass streaming subscription service right now.

Looking to the future, some leagues are looking at alternative plans to play games without live audiences to avoid losing all TV revenue. Options for future professional sports games may include relocating training facilities and playing matches in areas with low COVID-19 prevalence rates and even isolating entire teams and their management staff to a single area during the season.