DBRS Morningstar: 2023 Sports Finance Outlook: Par for the Course with Some Hazards Along the Way

TORONTO–(Company WIRE)–In this commentary, we go over our expectations for sports activities franchise and stadium scores in 2023.

Crucial highlights incorporate:

  • Broadcasting contracts will keep on to aid extended-phrase league and franchise credit history profiles.
  • Sporting activities franchise gross sales are envisioned to keep on to reach new heights.
  • Stadium operating costs are predicted to increase, pressuring stadium financing credit history metrics.
  • A blend of enhanced building prices and larger curiosity charges will obstacle credit rankings on credit card debt financings affiliated with new stadium design and renovation initiatives.

“In 2023, we assume sporting activities franchise and stadium ratings to be fairly insulated from the macroeconomic climate, based on the solid attachment that admirers have with athletics makes,” explained Michael Goldberg, Senior Vice President of Athletics Finance. “As a outcome, our outlook for the sector is neutral.”

To read through the total report and obtain the data, click on in this article: https://www.dbrsmorningstar.com/investigation/408795/2023-athletics-finance-outlook-par-for-the-program-with-some-dangers-alongside-the-way

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