Which sport will join the XFL next?
The XFL was in a no-win scenario and would have failed eventually anyway.
The major sports have cash reserves, business interruption insurance, wealthy owners, and, at the end of the day, mega rich media companies that need them to stay afloat. All that said:
- Minor league baseball's contract with MLB expires after the 20 season and MLB had already before any of this happened proposed a radical revamp of MiLB, with about a third less teams, elimination of "rookie leagues" and reduction of the draft by 75%. The union and MLB already agreed to cut the draft for this year by about that. Many minor league teams operate on a shoestring anyway and many may just see the handwriting on the wall and probably MLB and MiLB work out a small buyout for many teams.
- Indy Car racing operates on big $$ from the Indy 500 and the rest of the series loses money. They are going to try to run a makeshift series this year, but if they cannot draw the big live gate for a fall Indy, there is little cash left. Fortunately, the speedway was just sold to Roger Penske who is loaded and could just float the series for the year.
- College sports. If you look at the real math, yes, college football makes a lot of money, at the biggest schools, and college basketball makes money too, although not nearly as much. BUT, the government (Title IX) and NCAA rules don't just let colleges have football and basketball. To be Division I a school must have at least 16 sports, including enough women's sports to equal the 85 scholarships that just football provides for men. All of which, with knitpicky exceptions, lose money. At the end of the day, it is a break even proposition most places. And that is just Division I, the money losing gets larger in the lower divisions. Further, the $$ come from student fees (which are predicated upon there being students), donations and ticket sales, and, except at about 25 mega-programs, huge amounts of taxpayer dollars. Which the states are broke. We will see schools drop for Division I, and we will see lower division schools just give it up.
- Horse racing. The three owners of the Triple Crown's foolish decision to move to the fall has placed the rest of the industry in a no-win scenario. Huge mistake.