The Economics of Sports: Exploring the Financial Implications of Professional Athletics
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Abstract
The economics of sports encompasses a complex interplay of financial factors that underpin the operation, growth, and sustainability of professional athletics. economic principles and dynamics shaping the sports industry, highlighting the financial implications for athletes, teams, leagues, and stakeholders. the revenue sources driving the economics of sports, including ticket sales, broadcasting rights, sponsorship deals, merchandise sales, and licensing agreements. These revenue streams fuel the financial ecosystem of professional athletics, contributing to the profitability and viability of sports organizations and leagues the economic impact of major sporting events, such as the Olympic Games, FIFA World Cup, and Super Bowl, on host cities, regions, and countries. It explores the investment, infrastructure development, tourism, and media exposure generated by these events, as well as the associated costs and risks.
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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
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