Yes, much of this through their leadership in digital sports broadcasting and local team contracts. Many in baseball feel there's a significant financial bubble underlying the game. Players feel it as well. Attendance and TV ratings are stagnant to declining, merchandise sales at the major league level are stagnant or down domestically, and social media has put the game in an increasingly bad light about minor league baseball the way that the NFL was with concussions before one person filed the first lawsuit. Multiple former players have taken their lives when they could not support their family and had no usable skills when they could not make it to the major leagues after giving a decade of their life to the game. That was the big flag that began lawsuits against the NFL. There are some big things that could be belly-up right now.
For anyone who is an investor, a friend of mine working in NYC that used to trade on Wall Street said that he would move "stocks" in baseball the way that he was moving real estate companies in 2006-2008, which is why he's sitting in a big chair at 42 instead of attempting to reclaim money lost to clients and his company at that time. He said there is simply too much propping up going on around the game to make things look good to advertisers, but then they try to release books that show flat books or even losses. His review of a couple teams with owners who are required to open their books showed him that the game is really unhealthy financially and is likely to have a blow up soon when TV companies back out and offer significantly less money and advertisers begin walking away due to the lack of audience.
Very interesting and enlightening. You explain something that I've wondered about - how is baseball doing so well when enthusiasm about the sport is less than I can remember, particularly in the "coveted" 18-34 and 34-55 age groups. Sadly, I'm no longer coveted myself and I live in LA where attendance never flags for baseball even though the Dodgers local TV contract is limited to one cable provider who can't get any of the others to buy because it costs too much. Yet the generations below me are not huge baseball fans, not in the way they follow the NFL and the NBA. I've heard that TV ratings are waaaay down. I'm a huge sports fan and even I can't handle baseball on TV unless it's the Twins or a few innings of the Dodgers or Angels. Too long, too many commercials. When I do watch, I'm always doing something else like reading, laundry, making dinner, eating, something like that. There just isn't enough action to keep one's full attention when you add in so many commercials at the same time.
It will be interesting to see what happens when the national TV contracts come up again.There may be an economic reckoning at that point.
Edited by LA VIkes Fan, 05 April 2019 - 12:59 PM.