RCI - Dodgers win World Series but losses pile up for MLB
The Los Angeles Dodgers may have reason to celebrate after winning the 2020 World Series, but the league as a whole is reeling from financial difficulties.The MLB lost $3.1B this year, according to The Athletic, due to the shortened season, fan-less games and other disruptions related to the coronavirus pandemic.While there are very few publicly traded MLB teams - Atlanta Braves (BATRA) and Toronto Blue Jays (RCI) - additional cuts to advertising and broadcast revenues may weigh on ESPN (DIS), TBS (T) and Fox Sports (FOX)."We are going to be at historic high levels of debt," MLB Commissioner Rob Manfred told Sportico. "And it's going to be difficult for the industry to weather another year where we don't have fans in the ballpark and have other limitations on how much we can't play and how we can play."Related: DraftKings (DKNG), Penn National (PENN) and Golden Nugget Online (LCA).Previously: Red Sox
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Dodgers win World Series, but losses pile up for MLB