MLB debt totals whopping $8.3 BILLION due to pandemic, says Commissioner Rob Manfred

Major League Basketball (MLB) clubs are set to post operational losses of around $2.8 billion to $3 billion this year, according to MLB Commissioner Rob Manfred. 62-year-old also gave an insight on unprecedented levels of debt 30 clubs find mselves in, with Rob Manfred revealing that MLB debt has w totalled $8.3 billion. latest figures come after multiple publications h revealed earlier that several sports teams have borrowed billions of dollars to cope with coronavirus pandemic.

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Historic levels of debt predicted by MLB Commissioner Rob Manfred

Speaking to Sportico in an exclusive interview on Monday, Rob Manfred said that MLB debt is going to touch historic levels this season. MLB Commissioner mitted that it will be difficult for industry to wear ar year with pandemic in place where fans are allowed in ballpark. Manfred also rued or limitations on how much MLB teams can and can’t play as he discussed financial implications of coronavirus pandemic.

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Talking about current scenario, Rob Manfred mitted that he was surprised to see baseball survive up to this point. MLB Commissioner praised players for working hard and making sacrifices, as he said that club people have been great. Applauding cooperation sport has received from all quarters, Rob Manfred praised his staff for doing a phemenal job while conceding that players’ union helped a lot as well.

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When asked about future course of action, Rob Manfred conceded that he doesn’t kw what happens next. MLB Commissioner referred to unpredictability of COVID-19 virus, as he said that y will have to get closer to next season to make best decisions. dressing rising MLB debt, Manfred said that ecomic losses due to lack of fans and or coronavirus-enforced restrictions have been massive for industry. Commissioner explained that clubs have h to borrow from organizations in order to preserve liquidity.

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MLB viewership: World Series 2020 ratings at a low

Despite t all fans being allowed in stiums, World Series 2020 ratings have been at an all-time low. Sports Media Watch revealed that first five games of Dodgers- Ray clash generated lowest World Series ratings on record. Providing an insight into dwindling MLB viewership, publication disclosed that ratings fell a series-high 39%, while viewership was down by 33% compared to last year.

Im Credits: AP