Sports is playing a very vital role in the life on many. Both at the top and even at the ordinary level of the society. We all get involved in sports one way or the other. For every person on the surface of this planet,we either contribute directly or otherwise.
Permit me to draw your attention to how some of the world global sporting events have succeeded in changing the narrative or perspective of sports and its economic benefits to the world. In few days ago two major sporting events took place, the UFC and the World Athletic Championship wish was hosted in the city of Doha Qatar.
Millions of viewers around the world tuned in for these two major events as it serves other importance than what you and I ordinarily sees on television.
Mere looking at it from the economic angle, do you know millions of dollars worth of money will be spent on hotel accommodation,logistics, security and even entertainment not forgetting money to be spent on food.
The chain of gains cut across everybody,from the man on the street to the the at the hotel down to the man who supply the food stuff. We are all involved.
Have you ever wonder why countries would bids to host a major events like FIFA world cup,Olympic games,Rugby world cup or even Cricket world cup. This is so because there are a lot for these countries to benefit from. The host nation infrastructure will be upgraded to A class, security apparatus of such countries will also be effective as they will not want anything that disrupt the game of that magnitude.
Have you ever wonder why so much money is being paid as television right in major leagues in the world? It is simply because the adverts and image right helps the production companies sell more of their products.
