Teams and leagues might have to hash out how to account for any unplayed games within their billions in television revenue, but the small businesses that rely on game-day traffic are likely to be the companies hit hardest by the sports stoppage.
The shutdown of L.A.'s marquee professional sports teams in the shadow of the coronavirus is bad news for the businesses around L.A. Live and Staples Center.“This is a little different than if it was a normal circumstance and people have choices, where they would go to a sports activity, as opposed to going to a movie theater or a museum,” said Raymond Sfeir, director of the Anderson Center for Economic Research at Chapman University.
In a civic assist, the Dallas Mavericks announced Saturday that employees would be reimbursed for breakfast and lunch purchases from “small, local and independent establishments in the region.” The gesture will provide support for small businesses from hundreds of team employees, if not from the 20,000 fans that the Mavericks average at each home game.
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