Sports have been extensively enriching the Economy
source No one could downplay the impact of sports on the economy, no matter how you take a look at it. Sports in this modern world have touched more lives than other sectors. With football as a point of reference, its impacts stamped across the world. It has gone beyond just entertainment now and more of a business and career. Let's start with sports as a business. An investor might invest in a football club by parting with a large sum of money; he will be directly acquiring the Assets and liability of the club. The assets are in the form of Football stadiumfootball player GoodwillClub sponsorsWhile the Liabilities are in the form of; Player wages Coach and Technical directorsWagesClub non-Technical staff such as cleaners, security, ball boys, camera operators, etc. All these listed above has a direct impact on the economy as it provided jobs which in turn boost the inflow of money into the economy. Without taking too deeply on the economic importance of that aspect, let divulge into the career part of sports. The modern-day has made many people have taken a fancy of football and has also seen it as a career path. Football has brought about a broad career path such as; professional FootballersFootball analyst Football reporter Football managerFootball Agent All these are viable careers with prestige and which comes with a lot of money and fame. I Will be discussing extensively with figures in the next article the degree of the impact on sports (football) impact on the economy
Sports have been extensively enriching the Economy
source No one could downplay the impact of sports on the economy, no matter how you take a look at it. Sports in this modern world have touched more lives than other sectors. With football as a point of reference, its impacts stamped across the world. It has gone beyond just entertainment now and more of a business and career. Let's start with sports as a business. An investor might invest in a football club by parting with a large sum of money; he will be directly acquiring the Assets and liability of the club. The assets are in the form of Football stadiumfootball player GoodwillClub sponsorsWhile the Liabilities are in the form of; Player wages Coach and Technical directorsWagesClub non-Technical staff such as cleaners, security, ball boys, camera operators, etc. All these listed above has a direct impact on the economy as it provided jobs which in turn boost the inflow of money into the economy. Without taking too deeply on the economic importance of that aspect, let divulge into the career part of sports. The modern-day has made many people have taken a fancy of football and has also seen it as a career path. Football has brought about a broad career path such as; professional FootballersFootball analyst Football reporter Football managerFootball Agent All these are viable careers with prestige and which comes with a lot of money and fame. I Will be discussing extensively with figures in the next article the degree of the impact on sports (football) impact on the economy
Sports have been extensively enriching the Economy
source No one could downplay the impact of sports on the economy, no matter how you take a look at it. Sports in this modern world have touched more lives than other sectors. With football as a point of reference, its impacts stamped across the world. It has gone beyond just entertainment now and more of a business and career. Let's start with sports as a business. An investor might invest in a football club by parting with a large sum of money; he will be directly acquiring the Assets and liability of the club. The assets are in the form of Football stadiumfootball player GoodwillClub sponsorsWhile the Liabilities are in the form of; Player wages Coach and Technical directorsWagesClub non-Technical staff such as cleaners, security, ball boys, camera operators, etc. All these listed above has a direct impact on the economy as it provided jobs which in turn boost the inflow of money into the economy. Without taking too deeply on the economic importance of that aspect, let divulge into the career part of sports. The modern-day has made many people have taken a fancy of football and has also seen it as a career path. Football has brought about a broad career path such as; professional FootballersFootball analyst Football reporter Football managerFootball Agent All these are viable careers with prestige and which comes with a lot of money and fame. I Will be discussing extensively with figures in the next article the degree of the impact on sports (football) impact on the economy
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