NFL Commissioner Roger Goodell announced Tuesday that due to the weakened US economy the league will be laying off over 150 employees. The professional football league is concerned that the worsening economy will hurt ticket revenues next year and also affect merchandise sales.
Of its approximately 1,100 staff members in the league office in New York, NFL Films in New Jersey and the Internet production facilities in Los Angeles, about 14% will be laid off.
Considered to be one of the most economically viable and wealthiest sports enterprises in the world, with yearly revenues of about $6.5 billion, the move reveals that no one is free from the tailspin in which the US economy finds itself.
In a league memo, Goodell said, “These are difficult and painful steps, but they are necessary in the current economic environment.” He added, “I would like to be able to report that we are immune to the troubles around us, but we are not. Properly managed, I am confident the NFL will emerge stronger, more efficient and poised to pursue long-term growth opportunities.”
Additional cuts are being made by all 32 NFL franchises of front-office and other staff members. It’s also been reported that various companies not directly related to the league are cutting back on special events during the Super Bowl.
Other cutbacks may be in the offing.