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MLB, NFL teams might be facing a season without fans; what that would mean to finances

For a sport that cherishes its role as the national pastime, Major League Baseball will likely learn this summer what happens when there is nobody to take out to the ballgame and nobody is buying any peanuts or Cracker Jacks.

It’s the first time in the modern era (since 1900) that MLB is expected to start its regular season without fans.

Baseball is a $10 billion industry, but it's not immune from financial uncertainty caused by the coronavirus pandemic. The Cincinnati Reds will furlough around 25% of their employees and implement pay cuts for staff on June 1.