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All 32 NFL teams are set to suffer financially from the loss of revenue due to the COVID-19 pandemic, but none more so than the Philadelphia Eagles. The Athletic via Team Marketing Report recently broke down the loss of revenue for all 32 teams utilizing the 2020 Fan Cost Index (FCI) released Wednesdayprovides data that specifies where the NFL stood prior to the unprecedented changes in live sports and the financial ramifications.
The FCI formula is based on the average cost of four adult non-premium tickets, single-car parking, two draft beers, four soft drinks, four hot dogs, and two adult-sized adjustable hats. The hats are a proxy for the souvenirs available at an arena or stadium. Hartweg said he spends months amassing the numbers from teams and other sources to create his formulas.
Team Marketing Report, a Chicago-based sports business intelligence firm, projects a $2.8 billion hit to NFL Gross Gameday Fan Revenues.
If Philadelphia Eagles fans could have fully attended games at 69,176 seat Lincoln Financial Field this year, it would have cost $657.22 for a family of four to cheer on the Birds.
The top five NFL fan-cost money losers:
Washington Football Team — $124.1 million
49ers — $112.4 million
Packers — $112 million
Giants — $109.9 million
Eagles — $109.1 million
Based on that projection, the Eagles without fans, or just a limited number of them at games, will lose upwards of $109 million, placing Philadelphia at No. 5 on the list of gross loss.
The five teams to lose the least money:
Browns — $62 million
Jaguars — $61.8 million
Colts — $61.6 million
Buccaneers — $48.6 million
Bengals — $38.1 million
It’ll be interesting to see how the Eagles handle 2021 from a salary cap standpoint and the loss of revenue will play a huge part in the Birds making several big moves this spring that could shake up the organization.
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