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Impact of the Recession Cont'd - NFL

The NFL is almost universally recognized as the world's best and most well run professional sports league. Only the English Premier League is even close to the NFL in terms of revenue and all around professionalism and maximization of revenue. Yet, even the best are not spared in this economy. Yesterday, the NFL announced plans to layoff more than 10% of its staff in response to anticipated downturns in ticket revenue and team sponsorship and marketing. The layoffs amount to about 150 people out of the current staff of 1,100. The NFL becomes the last of the four major professional sports leagues in the US to announce layoffs, proving that sports is no longer immune to the business cycle.

Full post as published by Sports Biz on December 10, 2008 (boomark / email).