This year was a challenging one in all sectors, including sports. The rule for surviving? Be creative. Here are my three big predictions in sports business for 2010:
1. Luxury suite downsizing continues.
Things are turning around with the economy, but teams built all these luxury boxes and they’re just not going to fill up. Many teams have begun the process of converting some of their suites into big party rooms that cost less than a suite and more than a seat. Those that haven’t done so yet will start knocking down walls in 2010.
2. Broadcasters, investors make a big bet on 3-D.For the past five years, Fox’s David Hill has been saying that 3-D, not HD, is the future. Having seen a game in 3-D, I really believe it. With 3-D TVs coming into living rooms next year, I expect big money to be poured into making this a reality for the masses in the near future.
3. Foreign ownership in American sports teams will rise.
This year brought us a Chinese minority owner in the Cleveland Cavaliers and the New Jersey Nets are expecting to have a Russian majority owner in place by the end of 2009. With so many teams still for sale, getting top dollar will mean having to accept whatever the world’s millionaires or billionaires have to offer.
Grading my 2009 predictions .Page 1 of 2 | Next Page