As the nation continues to grapple with an economy teetering on recession, the issue of how much the current economic landscape will affect sports and ticketing remains an open question.
Experts have long considered professional sports to be recession-proof, in part because of the willingness of fans to continue to buy tickets because of their passionate allegiance to their favorite teams and players.
But according to CNBC sports business reporter Darren Rovell, those days may finally be over. Despite some successes, such as the New York Mets selling out all of its luxury boxes for the new Citi Field, Rovell is convinced that sports will likely face a similar downturn as the total economy.
“This is going to change the entire world, and sports will not be recession-proof,” Rovell told ESPN. See video below.
