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The sports business means different things to different people , most importantly the athletes who require the use of the sporting goods to achieve fame and personal fulfillment, secondly the business people where in sports provides a continually growing market place worthy of investing, for the developers and the local government where in revenue is built from tourists and local fans.
In the U.S, the ‘Big 4’ leagues bring in about $17 billion in annual revenue, the sporting good sales at retail stores roughly contribute about $ 41 billion yearly. On an annual basis around $400- $425 billion is contributed by the U.S sports market alone. The industry is so vast and complex that it makes it difficult to put an all encompassing figure to the yearly revenue. Many of the workforces in nations like U.S, Europe, Australia and Japan rely on the sports industry for their livelihoods, with figures increasing constantly for professional athletes, coaches, scouts, umpires, referees, and other officials etc. The global meltdown in 2008-09 had a big impact on the sports industry. Manufacture of sports equipment dropped, even the sale of tickets were difficult, since tickets for professional games were very expensive. Golf courses suffered revenue declines and some of them even closed. Most affected were the sale of high end sports and recreation items. The sports industry faced significant challenges in controlling expenses while pricing products and services such that they would still retain and attract new customers. (Introduction to Sports Industry, n.d)
Like in any industry politics play a very important role, this comes into play when sports completions cross borders, for example in another country, city or even locally. In countries like China it is the national policy that drives decision making at higher levels. Following of national policies closely can help predict
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The sport is given a form and meaning by people, as they happen to interact and engage with each other under diverse contexts - social, political, cultural or economic (Coakley, 2009). Hence, under such circumstances it gets difficult to identify any activity as sports.
In the past twelve months two new bowling lanes have opened in the centre of London both with the aim of making the sport rather more cool than it has been in the past. Bloomsbury Bowling Lanes, located underneath the Tavistock Hotel in Tavistock Square opened in July 2005, offering eight lanes of bowling, as well as a diner, bar and two karaoke rooms.
The specific elements of this plan include actual floor plans and the basic architecture and elevation of the building itself. Furniture and equipment arrangements are also planned during the design period. These decisions are made by the architect based on the price of the furniture and the style that we want for the facility.
The host city has to work in collaboration with the Organizing Committee of the Olympic Games (OCOG) and their National Olympic Committee.
London is brimming with joy at the moment for being voted as the center of such a mega event. Polley has rightly observed in Smith and Porter (2004, p.
he delivery of the Olympic Games for the International Olympic Committee (IOC) decided to make environmental conservation one of its major requirements to be satisfied by the host nations hence the idea of greener and cleaner Games (Robinson & Novelli, 2005).
The benefits and
As a result, more sporting activities are organized at national, regional, and international levels. Olympics, World Cup, Commonwealth games, international-acclaimed marathons such as London Marathon are some of the major and global sporting activities
Communities embrace physical activities or sports as it addresses all aspects of life in the community since it aims at improving the quality of life in terms of health and fitness of a group of people.
Today, all forms of sporting organizations have to tolerate ethnic and gender diversity in their plans and structures, particularly when the individual in question is talented in the given sport. For instance, women were first included in Olympic competitions in 1928
On the 25th of July 2015 will be the Opening Ceremony which will be held in Los Angeles Memorial Coliseum (SWGLA 2015, 2015b).
The Special Olympics World Summer Games 2015 is categorized as a multi-sport competition.
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