Major League Sports Lost Massive Amounts of Money in 2020

Major League Sports Lost Massive Amounts of Money in 2020
An empty Yankee Stadium on opening day due to COVID-19 restrictions in the Bronx borough of New York on March 26, 2020. John Woike/Samara Media via AP
Updated:

Professional sports leagues have lost massive amounts of money since the world saw activity suspensions due to COVID-19 last year.

A whopping $14.1 billion dollars were lost in revenue, and the value of teams also saw a decline, according to an estimate by Forbes.