Reebok

In: Business and Management

Submitted By Maxxlep
Words 418
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Ab#3! Maxx Lepselter! Professor Bae! SPM-2000! 03/17/15!

!

NFL projecting revenue increase of $1B over 2014 http://www.sportsbusinessdaily.com/Journal/Issues/2015/03/09/Leagues-andGoverning-Bodies/NFL-revenue.aspx The NFL is the most popular, most loved, and the richest sport in the Country. Even though leagues like the MLB and NBA surpass the NFL in annual earnings for players, the NFL brings in the most revenue yearly. For 2015 the NFL is predicting nearly $ 12 billion for revenue which is nearly a billion more than 2014. Even after a dismal year in which the league saw instances like Ray Rice and Greg Hardy demonstrate strong domestic violence, many players getting suspended for marijuana use, and nearly a majority of people calling for Roger Goodells job, the league continues to grow at an astonishing rate. With the salary cap rising slightly as well as the NFL partnered with Directv, ESPN, CBS, NBC for TV rights the opportunity to grow is mind blowing. Thursday nights football on CBS contributed a good share of the bump in revenue, viewers and local revenue was higher than anticipated Last season there was absolutely no black outs, every single gem of the 256 that air were classified to sell outs. Many executives believed that the different techniques in terms of amenities and special ticket sales or more access has played a crucial role in the increase. As well as those factors, the 49ers opened the new “ Levi Stadium” and went from 0 club seats to 9,000. In 2010 Roger Goodell had a goal to have nearly 4 25 billion in revenues by 2027, for this to happen the league needs to have an increase of

nearly $1 billion per year for this to happen. Thus far since he announced his goal, the league has been moving toward that. The pending addition of new teams and new stadiums in coming years like a team or two in LA or toronto will absolutely play a pivotal role in…...

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