5.1) Sports Finance and Economics

June 21, 2024

Jarrod Leach

UB85208BSp94429

Economic Impact of Sports Events

The document examines the economic impact of sports events, highlighting benefits such as increased revenue, job creation, and infrastructure development. It contrasts short-term and long-term effects, using case studies like the Olympics and FIFA World Cup to illustrate challenges and successes in maximizing economic and social benefits for host cities.

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Assignment Transcript

This publication explores the multifaceted economic effects of hosting sports events, ranging from local competitions to global spectacles like the Olympics and FIFA World Cup. It highlights direct benefits such as increased revenue and job creation, alongside long-term advantages like infrastructure development and urban regeneration. Through case studies, the publication illustrates the complexities of measuring economic impact, addressing challenges such as cost distribution and environmental concerns. This comprehensive analysis serves as a valuable resource for policymakers, event organizers, and stakeholders aiming to maximize the benefits of sports events while ensuring sustainable development for host communities.

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