The economic fallout from the coronavirus pandemic could put Major League Baseball franchises in a $4 billion hole, commissioner Rob Manfred said Thursday night during CNN's global town hall.
"The economic effects are devastating, frankly, for the clubs. We're a big business, but we're a seasonal business. And unfortunately this crisis began at kind of a low point for us in terms of revenue. We hadn't quite started our season yet. And if we don't play a season the losses for the owners could approach $4 billion," Manfred said.
Season disrupted: The MLB season, which was set to start on March 26, was delayed due to the coronavirus pandemic.
MLB owners and league management have agreed upon an 82-game regular season, down from the traditional 162 games, according to reports.
Spring training will begin in early to mid-June, and games would resume in early July in ballparks without fans, as long as state legislation and health officials allow, reports say.