Nowadays, the business of sports as a lucrative industry has been receiving a great deal of public attention. In my opinion, although this trend is not without disadvantages, it brings more benefits to be considered a positive development.
It is clear that in this day and age, the development of sports has flourished so significantly with many professionals are born. Consequently, it is adequate to draw the attention of enterprises. Although I agree that this trend can develop in a positive way, I would argue that there are certain drawbacks that should not be neglected.
These days, professional athletes can earn a great deal of money as sports have become a lucrative employment. Furthermore, this trade is supported by many companies in various ways, including sponsorships and so forth. From my perspective, this is more of a positive development.
It is generally recognized that today, more organizations invest money and other factors on sports, particularly on sportspeople who play well, so that they can get high stipend. My view on this matter is that it includes more merits rather than demerits.
Nowadays, the sport is gaining in popularity in our society as many people tend to play sports and watch sports programs. Knowing this ship in the paradigm, many professionals use sport as a way to earn higher income and more corporations invest their budgets on sport or doing other ways to support this kind of entertainment. A great number of drawbacks could be seen in this development but from my perspective, its demerits are all negated by the merits.
Major sporting events attract millions of viewers. Needless to say, they have become quite popular with corporates trying to reach more and more customers. By sponsoring popular sporting events companies significantly improve their brand recall value. Nowadays, big corporate houses are not only sponsoring sports events; they are also buying sports teams. It is a win-win situation for both. Sport gets the financial assistance it desperately needs. Companies build their brands. However, this development, too, has some negative aspects. Let’s analyze.
For those who are interested it is possible to surf the Internet and read articles discussing sport. There are several points of view on this matter. The first claim that a sport is like a business organization. An alternative belief regards this as harmful and considers the overwhelming majority of companies invest a lot of money as the most important in that case. In this essay both points of view are going to be examined and a particular opinion will be provided.