Opinion

The Great Debate

from The Great Debate UK:

What’s a goal (or five) worth?

simon_chadwick-Professor Simon Chadwick, Director, Centre for the International Business of Sport, Coventry, UK. The opinions expressed are his own. -

There is a famous song, composed in the run-up to UEFA Euro 96, in which the Lightening Seeds, Frank Skinner and David Baddiel refer to England’s 30 years of hurt (the period at the time since England won its one and only World Cup).

England recently took a step closer towards addressing their continued failure to win world football’s biggest prize, by beating Croatia 5-1 to qualify for next year’s FIFA World Cup in South Africa. In so doing, the team also overcame its two years of hurt, following a failure to qualify for Euro 2008 at the hands of their Croatian rivals.

While the fervent mood amongst passionate English fans and patriots alike will no doubt grow as we progress towards the start of the tournament in June 2010, there is likely to be much more action off the pitch than there is on it – and not necessarily just in England, in all of the countries that have teams which qualify for South Africa.

Indeed, as we get closer to the 11th June kick-off, World Cup micro-economies will start emerging domestically and internationally across the world.

from The Great Debate UK:

Bats and balls the key to economic bounce

simon_chadwick-Simon Chadwick is the Director of the Centre for the International Business of Sport at Coventry University, and runs the blog ‘Daily Sport Thought’ in which he addresses many of the important challenges currently facing sport. The opinions expressed are his own.-

I love sport, I have always loved sport, and I make my living researching, writing and talking about sport. As such, I do not need to be convinced about the social, cultural, psychological and health benefits associated with our engagement in sport. I also do not need any convincing about the economic benefits of sport, although some people will always and inevitably exclaim, "he would say that wouldn’t he!"

Well, it is not me it is actually the United Nations which states that sport may account for as much as 3 percent of global economic activity. It is the European Union that estimates sport to be worth 1.5 percent of its gross domestic product (GDP). And it is the British government that has recently acknowledged just how significant sport as an industry has become by commissioning research which will result in the development of robust measures for the contribution that sport makes to the British economy. Previous estimates already indicate that sport may generate as much as 2.5 percent of GDP, in which case this means it is an industry bigger than agriculture and not so far behind manufacturing.

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