Politics

Political Controversy will be the Demise of the NFL as they stand to Lose $200 Million

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The NFL has been experiencing the controversy surrounding Colin Kaepernick’s decision to kneel during the national anthem for two seasons and the financial blow is becoming monumental.

NFL

Football is and always has been America’s favorite sport and the NFL is the lucrative business raking in the dough, until now. The actions of one player have proved so controversial that the future of the NFL has an uncertain outcome as the company faces a substantial loss as a result. Although Kaepernick was denied a single offer for the current season his actions have been mirrored by members of several NFL teams which has fans turning their tv’s off.

Via Breitbart:

If NFL fans continue to turn away from football, the TV networks could lose as much as $200 million in earnings, according to a new report.

After ratings for Week Two crashed, adding to the angst already felt by a poor showing in Week 1, industry insiders and analysts are sounding the alarm.

A new report claims that CBS, ESPN, Fox, and NBC could take a $200 million hit to their estimated $2.5 billion in NFL advertising earnings if fans continue to turn off the TV, The Hollywood Reporter noted recently.

The worries over earnings are not allayed by the fact that this season’s Week Two is the lowest mark for CBS since 1998. And the first two games of the season are down double-digits at a multi-year low compared to last year.

“Since the NFL season opened Sept. 7, shares of NBC parent Comcast are off 9 percent, ESPN parent Disney has seen its stock drop 3 percent and shares of CBS are down 5 percent,” THR wrote. “Only shares of 21st Century Fox have risen in that time frame, up 2 percent.”

Not only do analysts see a fall in ad revenue, but this decline may also result in falling stock prices for the networks.

Guess baseball is the new football for lots of American citizens who disagree with Kaepernick’s actions.

About The Contrarian

2 Comments

  1. Chris Fischer

    September 22, 2017 at 4:39 pm

    I’m done with the NFL. Sunday football is a day for friends and family. NOT Politics. If you can’t control your over payed babies then I have no room in my life for you.

  2. Jay

    September 23, 2017 at 9:38 am

    good let their stock fall the nfl and their bogus news stations fail too, Americans have spoken. if you are anti American there is no place for you in our country

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