Sports have always been an important part of society, weather it be football (soccer), American football, or baseball. From watching the games on TV, cheering on the players, playing the game, or even betting on a game. We have all contributed to our favorite sport at some point in our lives. However, sports do so much more than entertain us, sports provide jobs, influence the economy, and can sometimes cause trouble.
Between the food, the memorabilia, the revenues for live sporting events, and the sponsorships the sports industry makes a ton of money. And between the money and the jobs the sports industry brings, it’s a great contributor to the economy. According to a recent A.T. Kearney study, today’s global sports industry is worth somewhere between $480 and $620 billion. In 2009, the worldwide sports events market (defined as all ticketing, media and marketing revenues for major sports) was worth $64 billion. The biggest contributor to that $64 billion is the American sports industry, which earns $32 billion. As a whole, the American sports industry also contributes about 456,000 jobs. With the two most popular sports in America being baseball in second place and American football in first. The Major League Baseball’s 2013, revenues reached an all time high reaching over eight billion dollars. Meanwhile, the National Football League (NFL) made over nine billion dollars this past year in gross revenue. Helping the economy by bringing in a constant flow of money and jobs.
Football (soccer) is the most popular sport around the world winning the popularity vote in Mexico, Russia, most of South America, all of Africa, and more. Making football (soccer) the second largest contributor to the global market worth. Just under the $32 billion American sports bring, football (soccer) alone contributes global revenue of $28 billion a year. Economies in places such as Africa and Mexico have been influenced greatly from the football (soccer) industry. Fikile Mbalula, South Africa’s Sports Minister said that hosting the 2010 world cup has made a major impact on the country’s economy. The World Cup contributed $5.8 billion to the economy as well as the creation of 400,000 jobs and several cases of infrastructural development. Stating that, “World-class stadia were built, roads, airports, renovation of retail stations, exciting legacies and projects, and promotion of the country’s beauty and culture. Five new stadiums were built, five new stadiums were upgraded, 32 training sites were upgraded, and 25 new hotels were built.” Fikile Mbalula also stated that the world cup attributed to the country’s survival during the recession through investments that took place around the world cup.
Mexico hasn’t missed a single World Cup sense 1990, where they were disqualified for fielding ineligible players in a youth competition. However, Mexico has had trouble lately making it into the 2014 World Cup. If Mexico were unable to make it to the 2014 World Cup it could...