Professional sports is big business in the United States. Total revenue across the four major team sport organizations — the MLB, NHL, NBA, and NFL — topped $30 billion in 2015.
Revenue in professional sports comes from a range of channels. While endorsements, advertising, TV deals, and merchandising all factor into team revenue, ticket sales remain important, as both a source of revenue, as well as a gauge of fan loyalty.
Year over year ticket sale changes for a given team are subject to a range of factors. 24/7 Wall St. reviewed 10-year changes in average home game attendance for professional hockey, baseball, basketball, and football teams across North America to identify the teams that are losing the most fans. For 17 teams, average home game attendance declined by more than 10% over the past decade.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.