Sports business industry is growing at a faster pace, as more and more young professionals are joining the bandwagon. Gone are the days when sports industry was just confined to selling of tickets and media coverage, it has now a lot more to do with. As per Forbes, the industry is expected to grow $145.3 billion between 2010 – 2015, providing numerous opportunities to both beginners and pros.
Sports management is a flourishing and dynamic domain covering a multitude of fields of expertise within the industry. Marketing, sales, infrastructure, travel, venue management, and all other sports business aspects come under it. FIFA 2014 is the latest example of huge sports industry. FIFA World Cup 2014 created wonderful opportunities for everyone to make money. The total cost of the event is estimated to be in hundred millions – stadium construction and renovation costs around $3.4 billion, upgrade of airport costs $2.6 billion, telecommunications networks & services costs is estimated to be $1.71 billion, and so on (stats referred from statista.com).
Now, the 2016 Summer Olympics or Rio 2016 has already started creating a buzz among the fanatics and business owners. It’s a major international multi-sport event governed by the International Olympic Committee (IOC).Business are focusing on Sports Management for a new break through, but the competition is tough than ever before.
Sports management is a flourishing and dynamic domain covering a multitude of fields of expertise within the industry. Marketing, sales, infrastructure, travel, venue management, and all other sports business aspects come under it. FIFA 2014 is the latest example of huge sports industry. FIFA World Cup 2014 created wonderful opportunities for everyone to make money. The total cost of the event is estimated to be in hundred millions – stadium construction and renovation costs around $3.4 billion, upgrade of airport costs $2.6 billion, telecommunications networks & services costs is estimated to be $1.71 billion, and so on (stats referred from statista.com).
Now, the 2016 Summer Olympics or Rio 2016 has already started creating a buzz among the fanatics and business owners. It’s a major international multi-sport event governed by the International Olympic Committee (IOC).Business are focusing on Sports Management for a new break through, but the competition is tough than ever before.
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