NBA commissioner estimates revenue of record $5 billion

NBA commissioner estimates revenue of record $5 billionWashington, Nov 14 : National Basketball Association commissioner David Stern estimates the revenue for current NBA season will rise by some 20 percent from last season to reach a record of $5 billion.

A year after a lockout that delayed the start of the season to Dec 25, Stern estimates revenue for the year ending next Sep 30 will be up to $5 billion, which will be the third among the major North American leagues following the NFL
($9 billion) and MLB ($7.5 billion), Xinhua reports.

"I would say that China, which is the largest segment outside the US, is doing very well. I would say we'll see that to some degree as well in Turkey, in Africa, in Brazil," said Stern at Beyond Sport United, a gathering of global team, league and industry executives at Yankee Stadium that focuses on social responsibility.

"The components are broadcast, digital, merchandise, marketing partnerships and events, which can be games and the 3-on-3 tournaments and clinics, any variety of events that draw people," he added.

According to Stern who will retire Feb 1, 2014, 30 years after he took the position, NBA matches are being broadcast in 46 languages to 216 countries and regions around the world.  (IANS)

Regions: 
People: 



Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate


Popular Stories

IPL 10: Rohit Sharma penalised for showing dissent

Mumbai [India], Apr 25 : Mumbai Indians skipper... Read More

Younis draws praise post 10,000 Test runs landmark

Karachi [Pakistan], Apr 25 : Former and current... Read More

IPL 10: Irfan Pathan replaces injured Bravo in Gujarat Lions squad

Gujarat [India], Apr 25 : Indian all-rounder Irfan... Read More

Jamaica Test: Yasir's four-fer leaves Windies reeling on Day 4

Jamaica [West Indies], Apr 25 : Yasir Shah scalped... Read More

'Injured' Daniel Sturridge may have played last game for Liverpool

London [U.K.], Apr. 25 : In a major blow to Anfield... Read More