Thursday, March 12, 2009
David Stern, head of NBA, patron of the WNBA, and Lord High Wizard of All in Basketball just stated something that might turn conventional wisdom on its ear - if anyone listens to it.
With the NBA quivering under the winds of our recession/depression, Stern was asked about the health of the WNBA:
"The NBA is far less profitable than the WNBA," he said. We're losing a lot of money amongst a large number of teams. We're budgeting the WNBA to break even this year."
Now that's a stunner. Although it's not hard to believe. NBA tickets are more expensive than WNBA tickets, and NBA depends a lot more on corporate sponsorships whereas the WNBA depends more on gate receipts.
Next time some jock commenter says that the WNBA is losing money...tell 'em David Stern sent ya. (/smile)