It is believed by a few individuals that the host country does not profit from the large world game events. In my view, This is not completely true. The hosting country benifits alot from foreign visitors attending to these sports, particularly from the money they spend and the revenue it generates from advertisements. I will elaborate more on why i believe its fruitful for a country to host such sports.
Firstly, I think, its worth the efforts for a country to host foreign sports. As it will be visited by many sports fans from all over the world when such games take place. Along with them will come the need for hotels, food and many more basic needs, that they might require during their stay in that country. Admittedly, this will bring more money into the country. As a result, the local economy will thrive. for example, it has been estimated that the Qatar FIFA world Cup 2020 will bring about 1. 2 Billion USD. It will be held in Doha and shall generate 400, 000 Jobs for the community.
Secondly, There is a lot of money to be made through advertisements and paid commercials, that will be run during the live telecast of these sports. The media regulatory authority of the host country will sell licences to air them. Moreover, Income will also be made from international companies that will require to run their product commercial for a few seconds during matches. For instance, Coca Cola paid 1 Million Dollar to United Arab Emirates in the last 20/20 Cricket world to run their commercial
To conclude, there has never been a country that has lost more than it has gained in hosting Sports from its soil. It is always in the interest of that nation to welcome foreign games to their motherland.
It
is believed
by a few individuals that the
host
country
does not profit from the large
world
game
events
. In my view, This is not completely true. The hosting
country
benifits
alot
from foreign visitors attending to these
sports
,
particularly
from the money they spend and the revenue it generates from advertisements. I will elaborate more on why
i
believe its fruitful for a
country
to
host
such sports.
Firstly
, I
think
, its worth the efforts for a
country
to
host
foreign
sports
. As it will
be visited
by
many
sports
fans from all over the
world
when such games take place. Along with them will
come
the need for hotels, food and
many
more basic needs, that they might require during their stay in that
country
.
Admittedly
, this will bring more money into the
country
.
As a result
, the local economy will thrive.
for
example, it has
been estimated
that the Qatar FIFA
world
Cup 2020 will bring about 1. 2 Billion USD. It will
be held
in Doha and shall generate 400, 000 Jobs for the community.
Secondly
, There is
a lot of
money to
be made
through advertisements and paid commercials, that will
be run
during the
live
telecast of these
sports
. The media regulatory authority of the
host
country
will sell
licences
to air them.
Moreover
, Income will
also
be made
from international
companies
that will require to run their product commercial for a few seconds during matches.
For instance
, Coca Cola paid 1 Million Dollar
to United Arab Emirates
in the last 20/20 Cricket
world
to run their
commercial
To conclude
, there has never been a
country
that has lost more than it has gained in hosting
Sports
from its soil. It is always in the interest of that nation to welcome foreign games to their motherland.