Sportico, the new sports business site, reports that publicly available data reports Barclays Center has lost money the first half of 2020, but surprisingly less than it did a year ago, before the COVID-19 pandemic hit.
Here’s the bottom line from Sportico writer Brendan Coffey...
Revenue for the first six months of the year fell almost $50 million overall, led by a ticket sales plunge of 99.9% compared to the first half of 2019. Arena ticket revenue fell from $29.3 million to a mere $28,700—about what the average Brooklynite pays to rent their apartment for a year.