Arnold Comments On $4 Million Loss Hosting Shows During Covid ……..

Schwarzenegger is considered among the most important figures in the history of bodybuilding, and his legacy is commemorated in the Arnold Classic annual bodybuilding competition. He has remained a prominent face in bodybuilding long after his retirement, in part because of his ownership of gyms and fitness magazines. He has presided over numerous contests and awards shows.

For many years, he wrote a monthly column for the bodybuilding magazines Muscle & Fitness and Flex. Shortly after being elected governor, he was appointed the executive editor of both magazines, in a largely symbolic capacity. The magazines agreed to donate $250,000 a year to the Governor’s various physical fitness initiatives.

Of course, the Arnold Classic is the second-biggest bodybuilding show of the year and a competition that many want to win. During the pandemic, Schwarzenegger kept his show alive and suffered some losses. Despite this fact, he sees it as an investment.

There has been plenty of drama surrounding the decision to exclude divisions in the 2023 Arnold Classic. This includes Women’s Physique, which has seen Sarah Villegas offer her own money to put the division back in the event. The 2020 Arnold Classic saw a big loss and it was shared by Manager Matt, who was joined by Jay Cutler for a discussion.

Matt shared that $4 million was lost during the event in just 2020 alone. Schwarzenegger comments and explained how spending is a loss but he views this as an investment for the future. In the end, Schwarzenegger thanked Manager Matt for his words and understanding the big picture. The Arnold Classic will remain one of the biggest shows of the year and will bring in money moving forward.