Discuss
The Business of Sports: Research Paper
1) How has the COVID-19 pandemic impacted the economics of sports?
How are leagues handling?
How are free agencies and trades working?
Are players still getting paid?
How should you price tickets after this? Higher or lower why?
Is it possible to reschedule an entire season? What are the ripple effects?
Do companies that own broadcast right get a refund?
Does this mean we don't really need sports? Will players pay decrease?
2) You just won the lottery and want to start a new sport team in your favorite league. Take me through
your business model and what steps you need to take to accomplish this?
Do you need permission to enter a league? How do you achieve this?
How much money will you need to get it started?
What expenses will you have? How much revenue will you need and how will you earn it?
How long before your team is winning and does that matter to be profitable?
Would you ever sell your new team? How much?
Sample Solution