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Sports Industry - Essay Example

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Summary
Sport and fitness industry has grown up to multibillion industry providing employment to many people all over the world. In the last two decades the industry has grown rapidly to become a leading earner for some countries. This has gone along with the growing sport tourism that is becoming famous day in day out…
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Sports Industry

Download file to see previous pages... Different sports have become to be associated with the life of the people. Take the example of football game. Champion league has grown to be a famous sports event for many people all over the world which is bringing in millions of pounds to Europe. In England, the premier league is dear to the English people and attracts funs all over the world. Sports in England have grown to be a big business. (Bourke, 2003)
With this growth, there have been many transactions that are going on. To promote honesty in the industry, it must be protected by laws that are enacted in the constitution of the individual countries. The industry has been streamlined by legal enactments which ensure that there are honesty deals going on in the industry. Football game has been one of the games that have been guarded by legislation that has enabled judgment of legal cases that has threatened to crumble the industry. Transfer of players from one club to another has been dodged by controversies which are always settled in the court. Match fixing scandals in have also been taken to courts. In Italy match fixing scandals has attracted the attention of the world and has consequently led to review of laws that govern sports in most countries. There has been other transaction in the industry which calls for legal enactment to protect them. Take example of intellectual property. Intellectual properties like trademarks, logos, domain names, copyright and patents owned by individual and clubs needs to be protected. There has to be legal structures that support these intellectual properties. (Ben, 2006)
Another aspect of the industry that has attracted legal enactments is contracts signed between different players in the industry. Clubs enter into contract with individual and sign them as part of their squads. Individual sport person enter into legal contracts with their promoters. The provisions of these contracts must be protected by the law of the land to make sure that none of the party exploits the other and no one bleaches the contract. Legal enactments have been crucial in ensuring that the industry is run smoothly in terms of signing of contracts between different individuals with individuals and clubs.
To comply with the rising need for legal legislation in the sport industry, each individual authority overseeing a specific sport has move to draft laws that defines the operation in the industry. FIFA is the world body that governs football and has moved fast draft legislation that governs the football industry. The Judo association in the UK, the British Judo Association has its own legislation that governs the sport. Other legislations are meant to protect the identity of sport bodies in the United Kingdom. For example, The British Olympic Association has legislation that protects the use of five rings which are meant for Olympic. The use of the ring and other insignias is protected under the law where the association has exclusive rights of using these symbols. The association was give this right in 1995 through an act of parliament after a long debate.
Another area in sports that is governed in the UK is the collective sale of sports and TV rights. This has been featured in the UK legislation. This legislation was meant of make the industry self sustaining by collecting fee from the sales in all major events. This has seen the emergence of British ...Download file to see next pagesRead More
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