The Benefits Of Sports To The Global Economy

Sports is a unifying factor and a great business idea. Every year, billions of dollars pour into the coffers of global regulatory bodies and organizations from popular games like soccer, tennis and basketball. In addition, the global sports industry employs tens of thousands of people and promotes unity and world peace. Below are some of the wonderful benefits of sports around the world.

Soccer

In Brazil, football is called the beautiful game and this is an excellent description. It is easily one of the most popular games in the world and a great contributor to the global economy. In a World Cup year, the Fédération Internationale de Football Association (FIFA) earns more money than many small countries. The top soccer leagues of Spain, England, Germany, France, Holland, Italy and Portugal employ a large number of people and generate huge revenues. Top soccer players earn six-figure salaries and they employ agents, media people, assistants and other support staff.

Tennis

This is another huge money spinner because top tennis players earn millions of dollars annually from Grand Slams and other reputable tennis tournaments. Some of the big names of tennis are Rafael Nadal, Roger Federer, Novak Djokovic Stan Wawrinka and Milos Raonic. Others are Serena Williams, Angelique Kerber, Venus Williams, Petra Kvitova and Simona Halep. These stars have earned (and are still earning) millions of dollars from tennis and some of them have foundations that carry out corporate social responsibility. In addition tennis provides jobs to people in the aviation, road transport and the tourism industry.

Basketball

The NBA is the most popular basketball league in the world. It is also the richest and the most widely-watched basketball league on planet earth. Most of the big names of basketball ply their trade in this league. Other popular basketball leagues are the Euro League and the domestic basketball leagues of Germany, France, China, Australia, Israel and Japan. Some big names (past and present) of basketball are Michael Jordan, Kareem Abdul Jabar, Steph Curry, Dwayne Wade and Larry Bird.

Sports Promotes Unity

Football and other sports play key role in the fight against racism and discrimination. In Nigeria where ethnic and religious tensions are never far from the surface, football unites people of tribes and different religions into one soccer family. People of different countries are also brought together by continental tournaments.

Final Word

Do not underestimate the power of sports. Soccer, basketball, boxing and tennis (among other sports) create wealth and promote global peace and unity.