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home Gossip Coronavirus Aka COVID-19 Officially Hit The NBA: Can Face Loss Of Billions!!!

Coronavirus Aka COVID-19 Officially Hit The NBA: Can Face Loss Of Billions!!!

Published Sun Mar 15 2020 By Bean
Coronavirus Aka COVID-19 Officially Hit The NBA: Can Face Loss Of Billions!!!

Coronavirus officially hit the NBA on 11 March 2020 following the news that Utah Jazz center Rudy Gobert was tested positive for the pandemic.

The first rumors of the outbreak broke back on 31st December 2019, and the World Health Organization declared COVID-19 a global pandemic with SOS Alert on 11 March 2020.   

As the virus is hitting the world hard, it has affected economically, disturbing the balance of markets, and the stock market. 

And, the NBA is one of the world’s most valuable and followed sports leagues which brought in revenue of $7.4 billion from its 2017 season.

NBA Can Suffer A Major Loss Of The History  

The sports world, especially Basketball Association, is expected to bear a loss of more than $500 million after they suspended their remaining matches of 2019 season.    

NBA postponed Wednesday's match Image Source: The Nation
NBA postponed Wednesday's match 

Image Source: The Nation

At the time of their hiatus suspension, the NBA has completed around 80% of their regular games. According to Forbes, if NBA wipes out one-fifth of the season, the league would face the loss of $500 million from parking, tickets, suites, as well as concessions.  

Moreover, if the sponsorship, packages, and TV rights deals are to count, the NBA is facing a massive loss of more than $1 billion.   

Well, we can say COVID-19 successfully managed to shock and shake the 2019 basketball season. 

Also See: The Economic Impact Caused By Coronavirus Can Lead To Global Crisis

First Thunder Vs. Jazz Was Only Postponed And Now The Whole Season 

NBA was the first major United States league to suspend its Wednesday's match after one of the Jazz player Rudy Gobert was tested positive for Coronavirus. 

And on Thursday 12 March 2020, following Wednesday's match suspension, the NBA suspended their 2019 season or around 259 games.  

Alone from the indefinite postponements, the Basketball Association suffered over $1 billion loss. If the playoff is also delayed or canceled, the loss can go high up to jaw-dropping $24 billion after adding all the deals.   

Earlier this season, the NBA bore a huge loss after Chinese sponsors cut ties with them after Daryl Morey's tweet in support of pro-democracy protesters in Hong Kong. As per ESPN, the dispute cost them up to $200 million.  

NBA Players - Donovan Mitchell and Rudy Gobert - tested positive for CoronavirusImage Source: Forbes
NBA Players - Donovan Mitchell and Rudy Gobert - tested positive for Coronavirus

Image Source: Forbes

Several Basketball players like Evan Fournier, LeBron James, Vince Carter shared their thoughts over the suspension. 

Mark Cuban, owner of the Dallas Mavericks said: 

"I thought this is crazy. It can't be true. It is like out of a movie. Unreal. It is not about basketball and money. This is exploding to the point where I think about the families. We are making sure we are doing this the right way."     

What Other?

NBA is not the only league suspending their matches. Other major leagues including NHL (National Hockey League), MLB (Major League Baseball), NFL (National Football League), NCAA Basketball, MLS (Major League Soccer), Olympics, UFC (Ultimate Fighting Championship), Formula One, and many other minor leagues are currently postponing their games. 

Confirmed Coronavirus Cases Reaches 142 Thousand

The number of people around the world testing positive for COVID-19 is skyrocketing, and more & more high-profiled are included in that group.

Here Are All The Celebrities Tested Positive For Coronavirus So Far: 

  1. Tom Hanks and Rita Wilson
  2. Australians Home Affairs Minister Peter Dutton
  3. Canadian Prime Minister Justin Trudeau's Wife Sophie Gregorie Trudeau
  4. Arsenal manager Mikel Arteta
  5. Juventus defender Daniele Rugani
  6. Basketballer Rudy Gobert and Donovan Mitchell
  7. Conservative UK MP and junior health minister Nadine Dorries
  8. English Footballer Callum Hudson-Odoi
  9. Vietnamese socialite Nga Nguyen
  10. Brazilian president Jair Bolsonaro, Fabio Wajngarten
  11. Matthew Broderick's Sister Janet Broderick
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