The sports industry, once thought to be recession proof, has suffered recent revenue collapse and an uncertain outlook due to the current and future impacts of the 2019 coronavirus pandemic. Sporting event cancellations, limited seasons, restricted fan attendance, as well as decreased personal disposable income have created a revenue shortfall for not only professional sports franchises and TV networks, but also for collegiate athletics, youth sports, and local sports clubs. The sports industry is faced with unique challenges and must adapt the playbook in order to return to the field. BVA professionals have a deep understanding of the issues faced by the sports industry and their constituents, enabling us to provide our clients with insightful and efficient consulting regarding valuation, economic damages, and various corporate finance issues.
- BVA professionals valued a National Hockey League franchise in connection with a dispute between the majority owner and the franchise’s lender. As part of our analysis, BVA considered how the franchise’s re-location and new arena impacted value.
- BVA professionals valued a National Football League franchise for gift and estate tax purposes. As part of our analysis, BVA considered factors that impacted the valuation such as attendance, television revenue, market size, sponsorships, and merchandise agreements.
- BVA was engaged to assess economic damages related to a dispute involving a Major League Baseball franchise and its owners. The assessment involved a detailed cost analysis.
- BVA professionals have significant experience valuing sports and stadium operations.