Sports associations are not real businesses. Not a single one of them has to pay their own bills, so all of their accounting is farcical. The NBA, NFL, NHL, and most any other sports organization gets a tremendous amount of subsidy from local governments, a special tax status, and Monopoly protections.
None of these things would be nearly as profitable if they had to buy their own stadiums, pay their own salaries, and pay everyone in the organization properly. National sports leagues are a racket. If the WNBA only loses 30 million a year, that seems like a drop in the bucket compared to what these other ones are costing us with their taxpayer funded multibillion dollar stadiums that some prison company or student loan shark gets to put their name on.
With all that being said… Between ticket sales, merch, etc. the NBA generates $10 billion in revenue per year.
The WNBA generates $60 million a year at a $10 million dollar loss and has never turned a profit in 25 years.
"2018, Adam Silver, Commissioner of the NBA, said that the WNBA had lost an average of $10 million per year for every year of its existence, including the posting of a $12 million loss in 2017. "
Did you skip my comment completely? WNBA is a part of the NBA. They’re not operating at a loss, they are a cost incurred by the NBA in order to promote basketball to a female viewership.
It’s like saying a marketing team operates at a loss because ads cost a company money. It’s just the wrong way to look at it. Usually the people who are adamant on phrasing it such are misogynists, which I really hope you aren’t, and you can understand what I’m saying
The WNBA is not part of the NBA. They have had their own set of owners since 2002. They operate at a loss every year and the NBA covers it as their sister league. Throwing out buzzwords like "misogynist’ is based on feelings. What I am telling you is a fact.
this was my instant thought on the headline. what business that is truly losing $30,000,000 every year is going to stay open?
The WNBA. It operates at a loss. Been that way for the last 25 years.
Sports associations are not real businesses. Not a single one of them has to pay their own bills, so all of their accounting is farcical. The NBA, NFL, NHL, and most any other sports organization gets a tremendous amount of subsidy from local governments, a special tax status, and Monopoly protections.
None of these things would be nearly as profitable if they had to buy their own stadiums, pay their own salaries, and pay everyone in the organization properly. National sports leagues are a racket. If the WNBA only loses 30 million a year, that seems like a drop in the bucket compared to what these other ones are costing us with their taxpayer funded multibillion dollar stadiums that some prison company or student loan shark gets to put their name on.
A lot of sports teams claim to be perpetually unprofitable on paper…
But they’ll still sell for billions
With all that being said… Between ticket sales, merch, etc. the NBA generates $10 billion in revenue per year.
The WNBA generates $60 million a year at a $10 million dollar loss and has never turned a profit in 25 years.
"2018, Adam Silver, Commissioner of the NBA, said that the WNBA had lost an average of $10 million per year for every year of its existence, including the posting of a $12 million loss in 2017. "
Imagine closing that league down when the top 30 or so NBA players combined make around $1,000,000,000 a year.
I don’t see the correlation bro
WNBA is the NBA, it’s the same organization. They make more money than they know what to do with.
The WNBA is not a profitable league and operates at a $10 million dollar loss every year.
Did you skip my comment completely? WNBA is a part of the NBA. They’re not operating at a loss, they are a cost incurred by the NBA in order to promote basketball to a female viewership.
It’s like saying a marketing team operates at a loss because ads cost a company money. It’s just the wrong way to look at it. Usually the people who are adamant on phrasing it such are misogynists, which I really hope you aren’t, and you can understand what I’m saying
The WNBA is not part of the NBA. They have had their own set of owners since 2002. They operate at a loss every year and the NBA covers it as their sister league. Throwing out buzzwords like "misogynist’ is based on feelings. What I am telling you is a fact.