Nowadays, sports is a big business with high earnings for professional sports people and companies involved both financially and other ways. Is this a positive or negative development for sports?

#sports #business #earnings #people #companies #development

Sports

is now the subject of increasing interest

due to

its huge contribution to companies and

sports

experts in terms of finance and other related aspects. Recent years have witnessed a debate about whether

this

trend poses opportunities or threats to

sports

. From my perspective, it has both positive and negative effects. On the one hand,

sports

activities have a profound impact on providing sources of income for individuals. Most noticeably, many national athletes have been offered appealing rewards after achieving the first rank in regional or international competitions. To illustrate, Ms Nguyen Oanh, who has recently broken records and won the running championship in SEAGAME, received a 100 million donation from

sports

lovers.

Furthermore

, organizations can promote their products or implement branding campaigns in

sports

events.

For instance

, Coca-Cola, a sponsor of Worldcup, saw rapid growth in sales revenue during that Worldcup season.

This

is because

sports

festivals attract enormous attention from the public, which is an opportunity for corporates to expand their market.

However

, it is undeniable that

this

development has certain consequences.

To begin

with, it fosters the increasing trend of

sports

betting. It becomes more popular that people involve in anticipating the result of a football play to gain money from others.

As a result

, if the betting amount is huge, participants may get into debt, and even bankrupt.

Moreover

, many people have a tendency to ignore their work ethic in order to manipulate the result.

For example

, some athletes use doping, which is banned in official

sports

games, as an act of cheating to gain advantages during the race.

Consequently

, they leave a bad impression on society, which can afflict the

evolving

Replace the word

evolution

show examples

of the

sports

industry.

To conclude

while

it is admitted that

sports

development brings numerous benefits, it presents growing threats to

sports

itself and society.

Therefore

, there is a need to plough ahead with measures to enhance the positive effects and mitigate the negative sides.

Submitted by phamthihongnhunght on Fri May 26 2023

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8.00

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