NORTH CAROLINA: Losses From Sports Cancellations Over Anti-LGBT Hate Law Could Exceed $100M

Yahoo Finance reports:

College sports are big money, and losing them can cost a state, big-time. The Atlantic Coast Conference’s announcement Wednesday to relocate all neutral-site championships from North Carolina was yet another hit to the state over its controversial “bathroom law.”

The ACC decision comes just two day after the NCAA announced it will pull all 2017 championships from the state as well. In July, the NBA announced the decision to relocate its 2017 All Star Game from Charlotte due to the law, also known as HB2. The economic cost as a result of lost sport-related business could top $100 million, experts say.

Sports business professor Patrick Rishe, writing at Forbes, identified four areas the state will likely lose out based on the NBA and NCAA’s decisions to pull out of the state:

  • Loss of new spending by non-North Carolina residents (coming to the state for sports events)
  • Leakage of spending by North Carolina residents (going to other states to see sports events)
  • Loss of new spending by non-local organizations (event-related expenditures)
  • Loss of local spending through the multiplier effect (money injected into the NC economy gets spent at local businesses who then spend money at other local businesses)

It’s tough to put an exact number on any of those, but by looking at spending for previous games and tournaments, Rishe puts a conservative estimated loss for 2017 at $112.5 million. And that estimate was made before the ACC’s decision was announced.

  • The Professor

    BAM.

  • PickyPecker
  • Paula

    Another serving of schadenfreude this morning. Damn, this is toooo good!

    • PickyPecker

      Good thing it is low fat and gluten-free!! πŸ™‚

      • Paula

        And I get exercise from all the laughing.

        • djcoastermark

          It is great for the abs isn’t it.

          • Paula

            Yes, this makes me laugh until it hurts.

    • jsmukg

      Would you like Freedom Fries with that?

      • Rex

        Yes, with a side of “Fuck You”.

    • Gustav2

      OMG! They have leakage!

      • Paula

        That in itself, is scary!

      • geoffalnutt

        Leakage AND shrinkage!

    • JT

      Losses From Sports Cancellations Over Anti-LGBT Hate Law Could Exceed $100M

      Let’s go for $200M+.

    • Uncle Mark

      Don’t forget that it comes with an order of crow of on the side. Sorry, we’re outta Shake ‘N Bake.

    • Gerry Fisher

      May I have a second scoop, please? Sprinkles on top?

  • Rex

    If I wanted to be mean I’d say I hope it takes them years to recover.
    But, I’ll just say I’m sorry to hear this, really fucking sorry.

    • Butch

      Then I’ll be mean. I hope the state never recovers.

      • Paula

        I don’t believe they have recovered from the Civil War, yet. Those rednecks are still fighting it.

  • HAHAHAHAHAHAHHAAH!!!!!
    HAHAHAHHAHHAHAHAH
    (we’re only on the 452nd verse, remember, there’s 873 total.)

  • You’d think we would hear more shouting, and rending of garments and demands to change things by the North Carolinians. Are all of us asleep at the wheel? Trump is at 40%. 40 !

    • Mike__in_Houston

      Yes, that is scary. It was 30 only a few days ago. Is this because of Hillary’s health problems on 9/11? Whatever it is, I hope she can turn it around, maybe at the debates.

    • jsmukg

      Not just there, either, biki. Kansas. Wisconsin. Michigan. Alabama. the list of abattoirs is endless. Keep posting about that forty percent, please.

  • Herald

    McCrory and company is costing the state well over $112.5 million! So glad this kind of thing is coming out before the election!

  • Rex

    The voters had better send a message, loud and clear, to Pat McCrory on November 8.

    • Captain Obvious

      If they ever want any of us to drive through their state again, or purchase from NC based businesses again, it better be a truly resounding defeat. Otherwise this state is never seeing a penny from me, ever.

      • Paula

        I don’t know the next time I will be in the Eastern U.S. I will make double damn sure that I don’t drive thru NC. My car has a 650 mile range. I won’t stop except to leave a little something at the rest areas. Well, maybe some special graffiti in the stall.

        • boatboy_srq

          Trouble is what that 650 miles gets you on either side: to the west that’s TN, north is VA, south is either SC or GA. Only so much enlightened spending one can do. I’d rather slightly diminish the damage HB2 does than spend to aid Haley, Deal or Haslam; and while McAuliffe needs our support, Danville, Fancy Gap, LaCrosse and Emporium aren’t the most receptive places to provide it.

          • Paula

            No worry, those are all states that I am licensed to be armed in.
            I’m just sayin’.

  • Tigernan Quinn

    Terrible year for the loss of artists – fantastic year for assholes getting what they deserve.

  • kirtanloorii

    When so many businesses leave the state, you look like an asshole if you don’t leave the state. I hope this makes a difference.

  • djcoastermark

    I can hear mc roary’s spin on this now. “See, I told you NC’s economy has been tumbling down since Obama has been in office . It’s Obama’s fault”

  • Todd20036

    Fuck that shit ass state.
    Next time you want to discriminate against a minority, you are going to PAY for it.

    • Johnny Wyeknot

      That are paying for it this time. Or am I missing something?

      • Skokieguy [Larry]

        But because the state will sink even lower, less education and infrastructure funding, higher taxes to recoup the loses – I full well expect them to blame the damn libruls. If they hadn’t started all this bathroom business, we’d be just fine. And of course the right wing will completely flip this around to fully support their upside down interpretation of what caused the damage to their state.

        • edrex

          and they could have mitigated the damage if they had been willing to let go of their ideological bullshit rather than doubling down. I’ll bet McRory SUCKS at poker.

        • TexasBoy

          Already spinning as the fault of the ungodly homosexual bullying agenda.

          • Skokieguy [Larry]

            And it will be successful and the state’s residence will largely continue to vote against their best interests.

  • Pollos Hermanos
    • Todd20036

      He needs to take off his shirt.

      Just saying.

  • RealityBass

    Boo fricking hoo.

  • Skokieguy [Larry]

    And he’s only looking at sports related. Look at all the other business who have halted expansion, or had travel bans to the state. Look at the massive legal expenses defending these laws and payouts to winning litigants.

    But the state will probably continue to vote red because of decades of successful demonization of Democrats and stiring of racial hatred (If I vote for a Democratic Senator, all the lazy blacks will get free houses and buy lobster with their welfare checks). Of course my hypothetical statement would be said by an unemployed white guy receiving disability, housing vouchers, medicaid, etc.

    • Philly Mike

      I know my Hubby and I wanted to visit Biltmore Estate this Fall but will not until HB2 is repealed.

      • Skokieguy [Larry]

        Might not mean much, but why not email the Biltmore and cc the state’s dept. of tourism to let them know why your trip is delayed?

      • Niblet58

        We canceled our vacation there this summer and wrote their chamber of commerce, the governor’s office and the cabin owners to tell them exactly why.

    • Jerry

      I informed my tax software supplier, Drake–located in Franklin, NC–that I wasn’t renewing and why. It runs about $2000/year.

      • Skokieguy [Larry]

        Good on you.

      • Spain…escaped expat

        APPLAUSE! APPLAUSE!

  • Captain Obvious

    I’m looking forward to headlines containing the phrase, “Disgraced Former Governor Pat McCrory.” I haven’t long to wait.

    • Harley

      He’ll probably try a run for the presidency in 2020.

      • Jim B

        Based on Burr’s announced plans, he was probably thinking more along the lines of U.S. Senate in 2022.

      • Uncle Mark

        He will most likely end up running some legal religious fund/lobbying group.

  • LADY MABELINE

    Bigotry is not so cheap anymore.

  • Blake J Butler

    O/T: not sure if Joe covered this, but Tennessee
    congressman Jeffrey Durham is expelled from the
    house by his fellow members. He cried foul because he was targeted for being conservative. The vote was 70-2

    The attorney general found 22 women who said Durham had acted sexually inappropriate with them. The report includes an array of allegations, from lewd comments and inappropriate hugs to giving beer to and having sex with a 20-year-old β€œcollege student/political worker” in his legislative office and home.

    http://crooksandliars.com/2016/09/republican-values

    • TuuxKabin

      Gee, that’s too bad . . .

      • GayOldLady

        That’s the kind of dick weasel we have to deal with in the TN State Legislature. His GOP colleagues defended him at first but then the evidence of his guilt became too overwhelming and they fled him like rats leaving the Titanic.

        • D. J.

          Let’s see if they will get rid of Scott DesJarlais……

          • GayOldLady

            Well DesJarlais is in the U.S. House. He’s a family values candidate that reportedly held a gun to his own head to threaten his wife into doing what he wanted, tried to get his mistress to have an abortion and is generally a lousy human being. But in this evangelical paradise they will vote for him no matter what he does or is suspected of doing because Jeezuz!!!

          • D. J.

            They send the same species of dick weasels to DC that they send to Nashville or vice versa……

      • Uncle Mark

        Does Hallmark make a card for that?

    • Philly Mike

      Wait it isn’t his religious right to sexually harass women? Let’s see if Liberty University comes to his rescue.

    • JTC

      Targeted for being conservative…in fucking Tennessee?

    • JT

      Targeted for being conservative in the TN legislature? LOL.

    • TominDC

      Time to start naming and shaming those two idiots who stood by this sexual predator: Rep. Terri Lynn Weaver (R-Lancaster) and Rep. Courtney Rogers (R-Goodlettsville).

    • Uncle Mark

      But was he caught using the ladies room? It’s not sexually inappropriate, unless he was caught doing this in the ladies room; otherwise he’s just being “too conservative.” SMH

  • TheManicMechanic

    We will just take our sportsballs and go play elsewhere. BOOM.

  • HZ81

    Republicans, hate costs.

    • Gustav2

      No they don’t, otherwise they would invest in education.

      • HZ81

        I mean Republicansβ€”hate costs!

        I am too baked for proper grammar, punctuation and words and things. πŸ™‚

        • Philly Mike

          Are you sunbathing today?

  • Rex

    This only matters if it teaches the rest of the states that laws motivated by hate are going to cost them big.

  • Ninja0980

    Bigotry has a price.

    • AJayne

      FINALLY!

  • JulieBL

    GOOD!

  • Treant

    My heart just bleeds.

    • Lumpy Gaga

      Yeah, then what EXACTLY is she looking at??

    • bambinoitaliano

      How do you solve the problem of the bigot. How do you solve the problem of the hater…A flibbertigibbet! A will-o’-the wisp! A clown!…..

      • boatboy_srq

        [McCrory sings]

        Perhaps I am a miserable governor;
        I never vetoed HB2,
        But some through my wicked, miserable work,
        Those libruls caught a sight of the truth.
        for here they are, standing there, loathing me,
        I know damned well they should.
        So somehow through my horrid tenure, they’ll push for something else that’s good.

    • JCF

      “Maria” notwithstanding…ick, I’m not using ^ THAT bathroom!

  • SoCalGal20

    Exactly what McCrory and the assholes in the NC legislature deserve.

    Meanwhile, David Farenthold who is doing an excellent job over at the Washington Post tweeted:

    https://twitter.com/fahrenthold/status/776816093830778880

    • pj

      trump foundation

      • Gustav2

        NatΓΌrlich.

        • pj

          oui

      • AJayne

        I thought that, too, when I first saw the tweet. Then I saw another reminding that the promise was to donate $5M to a charity of Obama’s choosing.

        • Richard, another Canuck

          Clinton Foundation!

          • AJayne

            Yes!!

        • pj

          obama dosent play by don the cons rules.

  • “Governor McCrory takes the inbounds pass, and dribbles to the mid-court line. He shoots! He… He… He SPLATS! The crowd laughs hysterically.”
    http://img.photobucket.com/albums/v107/RPAllan/BellyFlop_zpszlby6tb1.gif

    • Friday

      I kinda feel bad for that guy. Not, of course, NC Republicans. πŸ™‚

      • Beckywrucker1

        Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !mj273d:
        On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
        !mj273d:
        ➽➽
        ➽➽;➽➽ http://GoogleFinancialJobsCash273TopBioGetPay$97Hour β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…::::::!mj273d:….,….

        • ChrisMorley

          FLAGGED and REPORTED x10

    • djcoastermark

      Can’t stop chuckling. great representation.

    • Richard, another Canuck

      Anyone who loses over $100 million does not keep his job.

      • William

        The former CEO of Home Depot lost way more than that and received a huge bonus on his retirement.

        • russell conrad lewis

          What does that have to do with the issue in the article?

  • Michael Rush
  • Oikos
  • Silver Badger

    Colorado went through the same thing and, like North Carolina, deserved every minute of it.

  • LackofFaithify

    What, have the faggots put you in a, “difficult life situation?” /s-maximus

  • Cuberly

    We’ve seen his lies and smarmy misrepresentation for how long now? I so want to see his ass kicked out of office….so so badly. Thankfully, there’s a chance it’ll happen, if you look at the polls. But, lord knows what tricks the NC-GOP will pull come election time.

    http://www.realclearpolitics.com/epolls/2016/governor/nc/north_carolina_governor_mccrory_vs_cooper-4096.html

  • Ross

    Oh. I am so sad.

  • stuckinthewoods

    I’ve already seen local news speculation on if and how Virginia can capitalize on North Carolina’s losses.

  • Robert Conner

    Stand up for your principles, Pat! Don’t let the economic hemorrhage, the international chorus of ridicule, or the loss of your next run for Chief Priest of North Crapolina convince you to take off your suicide vest! Blow yourself up for Jeezzus, you smirking hillbilly.

  • JustSayin’

    I hope they go broke before the election and try to pass a midnight funding bill to squeak by before the elections. That should totally ratfuck the republicans in NC up for re-election and election.

  • Justin in Oaklawn, Dallas, TX

    Whoever wrote this article has obviously not listened to the governor.
    Governor McCrory has stated: “This bill does not affect companies in
    North Carolina. North Carolina was one of the top states to do business in the
    country before this law was passed, and preventing Charlotte’s bathroom
    ordinance from going into effect on April 1 won’t change that.”
    So, THERE. According to NC’s governor, there is no problem. There is NO economic impact. “Carry on…”
    (One does wonder what he’s complaining about, though, with no economic impact…)

    • William

      Remain calm, all is well.

  • Gwen Hardy

    I hope it costs them 10 times this amount

  • GayOldLady

    Oh, he’s gone and flushed himself. Bye, bye McCrory.

    https://media4.giphy.com/media/zyMkpTTRC8I2k/200_s.gif

    • William

      I’m saving that for future use.

  • Lazycrockett

    OT I don’t know who all these women of color are on MSNBC but they are crucifying DRumpf.

    • David Milley

      An unexpected and unannounced treat! The women of the Congressional Black Caucus ripping into the Donald, with insight and cold fury.

    • joe ho

      Is Andrea Mitchell there saying how bad the optics are for Hillary and confirm the public’s suspicions about her?

      (Mitchell has turned into a breathless, gossipy gutter journalist.)

      • William

        Andrea’s been a little giddy ever since she married that luscious piece of manmeat, Alan Greenspan.

  • Frostbite

    No tears from me, and I’m not sorry about it.

  • Friday

    This bigotry has always been an expensive luxury and drain on the whole economy. (It sure didn’t do the little struggling Michigan town where my ex and I were house-shopping any good to deny us a shot at improving things there,) ….this is just making it more-directly obvious.

  • Jean-Marc in Canada

    Fair question.

  • bkmn

    And McCrory is still showing no signs of backing down. He really wants to lose this election.

    • boatboy_srq

      He’s already lost his election. What he seems to want is for EVERY SINGLE NC REPUBLICAN to lose the election.

      …should we stop him? I don’t think so…

      • bkmn

        I will knife anybody that tries to stop him.

      • Reality.Bites

        Perhaps we should donate?

  • Bj Lincoln

    Ha Ha Ha! (pointing at his picture) Ha Ha Ha!
    Are the people dumb enough to keep voting GOP asshats into office?

  • Robert Adams

    Gonna hafta install a bunch of pay toilets to make up those loses.

    • grada3784

      It worked for Vespasian. But Tiberius was very pissy about people taking his image into the toilet.

  • MB

    THAT is just the loss of sports revenue, not the general commercial/economic loss from individuals, States, and companies refusing to relocate or do business in/with NC

  • I.Smith

    Sadly Britain is still doing business with North Carolina even though it has been pointed out about the discrimination.

    We have Dr Liam Fox our trade secretary to thank for that, one of our worst politicians for voting for anything in support of Gay rights.

  • Richard B

    Pat McCrory and his republican legislature may not publicly budge to not give the LGBT Dems a win, but I would love to be a fly on the wall when they meet behind closed doors to listen to these bigots squeal in fear that they are at a real risk of losing their jobs this fall.

    • Robert Conner

      Let me guess. McCrory’s HS graduation picture?

  • William

    Ha ha, serves you right.

  • Nic Peterson

    For his next move, Governor Underpants will need to balance the budget by taxing the poor.

  • JellyDonut

    HAHAHAHAHAHAHA

  • anne marie in philly

    BOOM! bwhahahahahahaha! LOSERS!

  • e jerry powell

    I wonder: did Mike Pence even make it this far?

  • KQCA

    That’s odd, hate usually pays….at least in the evangelical Christian world. Maybe the haters are finally getting outnumbered.

  • JCF
  • Beckywrucker1

    Google is paying 97$ per hour! Work for few hours and have longer with friends & family! !mj272d:
    On tuesday I got a great new Land Rover Range Rover from having earned $8752 this last four weeks.. Its the most-financialy rewarding I’ve had.. It sounds unbelievable but you wont forgive yourself if you don’t check it
    !mj272d:
    ➽➽
    ➽➽;➽➽ http://GoogleFinancialJobsCash272ShopBioGetPay$97Hour β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…βœ«β˜…β˜…::::::!mj272d:….,…….

  • Joseph Miceli

    Ha ha!!!!

  • NMNative

    They were given fair warning.