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Guess Which of the Four Major Sports Is Recession Proof? from CNBC.com

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02-25-2013, 04:28 PM
  #1
byrone
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Guess Which of the Four Major Sports Is Recession Proof? from CNBC.com

http://www.cnbc.com/id/100481399

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Okay sports fans, which one of these four major athletic endeavors is better than the others when it comes to weathering the latest economic stumble? Which one has proven to be recession-proof? Which sport have fans been attending even as the price of gas keeps rising and falling like an R.A. Dickey knuckleball?

(We're focusing on the four most popular pro sports in the U.S. and soccer — or football to its legion of worldwide fans — didn't make the cut.)
...
You see, according to some pain-staking research from ConvergEX Group, and specifically Beth Reed, vice president of the strategy team for the research and investing firm, the sport that's been best able to survive ticket price increases and still keep their fan base from 2008 to 2012 is — the National Hockey League.
...
Only hockey among the four major pro sports was able to have greater attendance now than before the Great Recession, despite an overall 17 percent increase in ticket prices — nearly $10 from $48.72 to $57.10 for the average seat — over the same period, according to Reed. (This research was done before this year's NHL lockout of players, so we'll have to wait and see what impact it had on attendance. And don't forget, seven of the 30 NHL teams are in Canada, so there are fewer teams in the U.S. to track than in the other sports).


Last edited by LadyStanley: 02-25-2013 at 05:24 PM. Reason: copyright
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02-25-2013, 04:33 PM
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Yukon Joe
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Silly study.

The reason hockey survived from 2008-present better than the other sports is because it generates such a substantial amount of revenue in Canada, and that Canada did not suffer the kind of severe recession that the US did when the housing bubble popped.

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02-25-2013, 04:38 PM
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Quote:
Originally Posted by byrone View Post
and the Anaheim Ducks are California's state animal. (The Ducks are the hockey team down the road from the Los Angeles Kings, the current NHL champs).
I'm glad they cleared that up in the article. Get ahead of all the people emailing them to ask what the Anaheim Ducks really were.

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02-25-2013, 04:42 PM
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Sounds like they excluded Canada from the study, AND used attendance, not revenue.

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02-25-2013, 04:46 PM
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And they can say what they want the NFL is in the best shape. They make 4b a year or 125m a team just from Direct TV and Disney. And that doesn't include CBS, Fox, and NBC. And the new cap is projected at 122m.
Must be nice to make 3m without all the TV revenue and not selling a single ticket or any merchandise.

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02-25-2013, 04:53 PM
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Originally Posted by tsanuri View Post
And they can say what they want the NFL is in the best shape. They make 4b a year or 125m a team just from Direct TV and Disney. And that doesn't include CBS, Fox, and NBC. And the new cap is projected at 122m.
Must be nice to make 3m without all the TV revenue and not selling a single ticket or any merchandise.
NFL is in the best present shape, but it is also one of the more tenuous league right now. 2,000+ players claim the league had evidence that concussions had severe long term consequences, but didn't warn the players. If so, they could be looking at billions, or tens of billions, in damages eventually ... enough to topple the league's stronghold as #1, if not the league itself.

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02-25-2013, 05:03 PM
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Originally Posted by MountainHawk View Post
NFL is in the best present shape, but it is also one of the more tenuous league right now. 2,000+ players claim the league had evidence that concussions had severe long term consequences, but didn't warn the players. If so, they could be looking at billions, or tens of billions, in damages eventually ... enough to topple the league's stronghold as #1, if not the league itself.
And sadly in our sue happy country that is bad. Since common sense goes out the door in most cases and we aren't responsible for our own actions. And since the NFL rules require that you be out of high school for 3 years, most if not all, the players have gone to college.
Maybe they should have paid attention in class and learned something. The evidence has been growing for years to anyone that cared to look. But they don't care they only see the $$$$ and when they get hurt they are once again looking at the $$$$ by trying to sue.
There should be some liability from the league but there needs to be some from the players as well.

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02-25-2013, 05:07 PM
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Originally Posted by tsanuri View Post
And sadly in our sue happy country that is bad. Since common sense goes out the door in most cases and we aren't responsible for our own actions. And since the NFL rules require that you be out of high school for 3 years, most if not all, the players have gone to college.
Maybe they should have paid attention in class and learned something. The evidence has been growing for years to anyone that cared to look. But they don't care they only see the $$$$ and when they get hurt they are once again looking at the $$$$ by trying to sue.
There should be some liability from the league but there needs to be some from the players as well.
If the NFL knew and didn't warn, they are no different than the legion of companies that went out of business due to asbestos.

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02-25-2013, 05:17 PM
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Originally Posted by MountainHawk View Post
If the NFL knew and didn't warn, they are no different than the legion of companies that went out of business due to asbestos.
They knew some but more and more info is becoming avail. And in many of these instances if you look closely they are trying to hold them to what is known now not what was known then.
For the most part we are clueless as to exactly how things in the brain work.
And yes they should pay but not to the extent of what is going to try and is being done.

That is one of the best things about the NHL is how strict the rules are about head injuries.

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02-25-2013, 05:53 PM
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Canada hasn't had their recession hit full tilt yet.

It's coming, though.

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02-25-2013, 07:30 PM
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Ernie
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Originally Posted by Frozen Failure View Post
Canada hasn't had their recession hit full tilt yet.

It's coming, though.
Or not. If Canada has a recession, it's because the US is much worse. Fundamentally, Canada is in a much stronger position.

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02-25-2013, 08:22 PM
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Some Canadian cities have severe housing bubbles that will pop like the US housing bubble did. This will happen independently of the US. Canadian mortgage laws will mean the recession won't hit as hard, but it will hit eventually.

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02-25-2013, 08:34 PM
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Originally Posted by MountainHawk View Post
Some Canadian cities have severe housing bubbles that will pop like the US housing bubble did. This will happen independently of the US. Canadian mortgage laws will mean the recession won't hit as hard, but it will hit eventually.
There are some markets that appear overpriced but a recovery in the US unemployment in Canada will moderate as well which will keep them from falling too much.

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02-25-2013, 11:35 PM
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Hockey has fared better in America, relatively speaking, because the hockey fanbase is higher income and whiter. The Great Recession has hit the middle to lower income groups hardest. Black middle class was devastated as was the hispanic middle class.
The same lower income first time house buyers who benefited during the boom, were crushed by the bust.

It's the same reason MLS was able to grow during the Great Recession. Their fans were disproportionately rich, highly educated white people.

Same reason Apple did so well during the recession. The upper middle class hasn't been hit hard. They still have plenty of disposable income.

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02-25-2013, 11:49 PM
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Originally Posted by scotchex View Post
Hockey has fared better in America, relatively speaking, because the hockey fanbase is higher income and whiter. The Great Recession has hit the middle to lower income groups hardest. Black middle class was devastated as was the hispanic middle class.
The same lower income first time house buyers who benefited during the boom, were crushed by the bust.

It's the same reason MLS was able to grow during the Great Recession. Their fans were disproportionately rich, highly educated white people.

Same reason Apple did so well during the recession. The upper middle class hasn't been hit hard. They still have plenty of disposable income.
Not sure what the causal or even correlational relationship is supposed to be between race and the growth of a professional sports league.

You probably could have removed a couple of words from some of your sentences as follows:

Hockey has fared better in America, relatively speaking, because the hockey fanbase is higher income.

Their fans were disproportionately rich, highly educated people.

smfh

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02-26-2013, 07:24 AM
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tarheelhockey
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So if I'm reading this correctly, the NHL fared even better than the article reports since they didn't include Canada in the numbers?

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02-26-2013, 11:41 AM
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Originally Posted by mranderson View Post
Not sure what the causal or even correlational relationship is supposed to be between race and the growth of a professional sports league.

You probably could have removed a couple of words from some of your sentences as follows:

Hockey has fared better in America, relatively speaking, because the hockey fanbase is higher income.

Their fans were disproportionately rich, highly educated people.

smfh
You clearly haven't the slightest idea what you are talking about.

Everything I said was true. There are things in the world known as Facts -- you might want to learn some. Different demographic groups in America have different levels, on average, of education and income. Different demographic groups have been affected differently by the Great Recession. Different demographic groups also have different levels of support for various sports.

Only a willfully ignorant person can be unaware of these facts.

Here's a simple example, hopefully you can follow it.

Nascar has been hurt hard by the Great Recession. Nascar's fanbase skews lower-income and white. It doesn't just skew lower income. There are lots of lower income black and hispanic people in the heart of Nascar country who are not fans. If you looked only at income levels you would be unable to understand the Nascar fanbase.

In the same manner, hockey's fanbase in America skews upper-income and white. The richest ethnic group in America today is actually South Asians. Who don't exhibit high levels of hockey support, though perhaps they will in the future.

These aren't immutable traits, but they are current facts. Nascar and hockey have both tried hard to broaden their appeal. With some success, but less than hoped.

Try to be less ignorant and less trigger-happy outragey. smfh indeed.

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02-26-2013, 01:46 PM
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Originally Posted by scotchex View Post
Hockey has fared better in America, relatively speaking, because the hockey fanbase is higher income and whiter. The Great Recession has hit the middle to lower income groups hardest. Black middle class was devastated as was the hispanic middle class.
The same lower income first time house buyers who benefited during the boom, were crushed by the bust.

It's the same reason MLS was able to grow during the Great Recession. Their fans were disproportionately rich, highly educated white people.

Same reason Apple did so well during the recession. The upper middle class hasn't been hit hard. They still have plenty of disposable income.
So, some people who belonged to the middle class were selectively effected due to their skin not being white? Money is a funny thing.

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02-26-2013, 05:30 PM
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MountainHawk
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So, some people who belonged to the middle class were selectively effected due to their skin not being white? Money is a funny thing.
Might not be the best idea to get into this here, but I would bet white middle class tends to skew towards the finance/business sector careers, and minority middle class tends towards small businesses/construction type careers. Obviously not hard a fast by any means, but I'm thinking the skew is there. One of those sectors got bailed out, and the others didn't, so even the middle class impact was likely different by race.


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02-26-2013, 09:13 PM
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Originally Posted by MountainHawk View Post
Some Canadian cities have severe housing bubbles that will pop like the US housing bubble did. This will happen independently of the US. Canadian mortgage laws will mean the recession won't hit as hard, but it will hit eventually.
They've been saying that for the last twenty years. All that happens is prices remain flat for awhile and then they appreciate even more. The market in Canada is completely different from the US. There is less real estate, more foreign ownership, and mortgages are much harder to come by.

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02-26-2013, 10:25 PM
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I was about to joke, hockey is a sport for rich people, that just means there are more rich people.

In my opinion that's just myth, though.

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02-26-2013, 11:02 PM
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Originally Posted by mranderson View Post
Not sure what the causal or even correlational relationship is supposed to be between race and the growth of a professional sports league.

You probably could have removed a couple of words from some of your sentences as follows:

Hockey has fared better in America, relatively speaking, because the hockey fanbase is higher income.

Their fans were disproportionately rich, highly educated people.

smfh
There is nothing wrong with pointing out cultural trends... they exisit.

Its more insulting and ignorant to pretend they don't exist. It's actually causes more harm than good choosing to burying your head in the sand when it comes to these things.

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02-26-2013, 11:54 PM
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Originally Posted by MountainHawk View Post
NFL is in the best present shape, but it is also one of the more tenuous league right now. 2,000+ players claim the league had evidence that concussions had severe long term consequences, but didn't warn the players. If so, they could be looking at billions, or tens of billions, in damages eventually ... enough to topple the league's stronghold as #1, if not the league itself.
If I'm not mistaken, the compensation system in the US is state run. Some of which are non-existent and are solely dependent on legal action. That sucks for an employer because it's really easy to prove negligence when the only real defense is due diligence. Especially where the OSHA - a benchmark Act for individual states - more or less says employers must provide a safe workplace.

In all Canadian provinces the compensation system is mandatory and completely employer funded. The benefit is that workers are not allowed to sue their employer. There's only very few exceptions to this in Canada.

If that is indeed true, I would hate to see the tab for owed damages.

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02-27-2013, 12:13 AM
  #24
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And sadly in our sue happy country that is bad. Since common sense goes out the door in most cases and we aren't responsible for our own actions. And since the NFL rules require that you be out of high school for 3 years, most if not all, the players have gone to college.
Maybe they should have paid attention in class and learned something. The evidence has been growing for years to anyone that cared to look. But they don't care they only see the $$$$ and when they get hurt they are once again looking at the $$$$ by trying to sue.
There should be some liability from the league but there needs to be some from the players as well.
I agree it's sad you live in a country dependant on legal action to receive compensation for work related injuries. Lower class workers that get hurt can't work, and in turn can't afford a lawsuit. That's why nearly ever civilized nation adopts a mandatory compensation system. Some, such as New Zealand, have become so progressive they've integrated it into their general health care system.

Anyways...

It's not common sense, it's that you have no choice but to work in the conditions provided. Even if you were fully aware, can you refuse unsafe work? Where else can a professional football player go and work if not in professional football? Like someone already mentioned, knowing that some risks exist is not a reasonable excuse for not doing anything about trying to prevent or mitigate them.

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02-27-2013, 12:56 AM
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So, some people who belonged to the middle class were selectively effected due to their skin not being white?
As a matter of fact... yes. It may not be fair, but it's the truth.

http://money.cnn.com/2012/06/21/news...race/index.htm
Quote:
NEW YORK (CNNMoney) -- White Americans have 22 times more wealth than blacks -- a gap that nearly doubled during the Great Recession.

The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures.

The difference is similarly notable when it comes to Hispanics, who had a median household net worth of $7,424. The ratio between white and Hispanic wealth expanded to 15 to 1.

The gap between the races widened considerably during the recent economic downturn, which whites weathered better than blacks, Hispanics and Asians.
A quickie Google search turns up a ton of hits.

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