by Armageddon » Mon 06 Oct 2008, 18:19:05
$this->bbcode_second_pass_quote('gampy', '')$this->bbcode_second_pass_quote('Armageddon', 'I') have been wondering over the past couple years when attendances will start being affected due to the economic crises.
Yeah, I think professional sports is a telling economic indicator.
Number 1, it reveals the extent of discretionary income available to Joe Six Pack.
Number 2, it's useful in seeing what aspects, and
sectors of the economy are suffering the worst. Many professional sports cater to certain sub-groups of the socio-economic spectrum.
Nascar caters to a certain group, basketball to another, hockey to a certain sub-group as well. It is also tied to geography. One area of the countyry may be hurting more than another. A serious downturn in revenues for teams, or certain sports from the northeast, or say the southwest can indicate problems that are not readily apparent.
It could be a good barometer for the overall health of the national, and local economy.
I think it's a better barometer than the movie, music, and video game industry.
I thgink you will see more than a few sports franchises folding within the next 2 years. Or contractions of leagues.
Good post.