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Sportico: Barclays Center lost money in first half, but less than in 2019

Sportico, the new sports business site, reports that publicly available data reports Barclays Center has lost money the first half of 2020, but surprisingly less than it did a year ago, before the COVID-19 pandemic hit.

Here’s the bottom line from Sportico writer Brendan Coffey...

Revenue for the first six months of the year fell almost $50 million overall, led by a ticket sales plunge of 99.9% compared to the first half of 2019. Arena ticket revenue fell from $29.3 million to a mere $28,700—about what the average Brooklynite pays to rent their apartment for a year.