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Emy1010
SPORTS ECONOMICS: THE IMPACT OF FOOTBALL RUNNING COST ON AN ECONOMY
~3.4 mins read
SPORTS ECONOMICS: THE IMPACT OF FOOTBALL RUNNING COST ON AN ECONOMY.
The game of football and other major sports are of considerable economic, social and cultural significance. The primary role of any Football/Soccer League is to organise the football competition between the Clubs that make up the league. Each League match is watched by millions of fans and supporters all over the world. They travel round the country to follow their team, and millions miles away hook up through media and the internet. This interest helps to generate a wide range of revenues; through ticketing, merchandise, souvenirs, and sales of broadcasting rights. In particular, the sales of broadcasting rights have been one of the most significant revenue streams for the football association and clubs. The huge advert deals from top corporate firms with clubs, and broadcast organisations all add up to the local economy thereby directly or indirectly impacting on the Gross Domestic Product. These firms also go as far as negotiating with notable players to endorse and promote their brands; all equally add up to GDP and GNP (Gross National Product) making the economy vibrant. When the economy is vibrant, the vicious cycle of poverty is broken and standard of living increases.
The growing interest in football/soccer from within and outside, reflects continuous investment in the clubs, stadiums, infrastructures, players, training facilities, and across media outlets. These, in turn, generates significant economic activity, supporting jobs across a wide range of sectors and generating tax revenues to the government. There are also other economies that emerge or spring up as a result of a particular game at hand; customize souvenirs and temporary structures to accommodate eateries offering takeaways. These also include hospitality and drinks. These are just the major economic activities that spring up on match days. There are other minor miscellaneous economic activities too including the unseen ones both within and around the stadium; also via the internet.
The football league and clubs have been able to contribute to reduction in unemployment by providing jobs, and creating new ones either directly or indirectly. Additional economic transactions emanate from employee spending in diverse areas including for personal use and extended family needs. These shows the significance of football/soccer leagues and its Clubs’ contributions in supporting a large number of its own creations. The volume of transaction adds up. The expansion of the league and emergence of new clubs; increases volume of running cost, contracts, deals and jobs that eventually add up to the overall economic activities.
The overall huge impact of these mega deals and volumes of transactions has led to the growth of interest in areas like Sports Medicine, Football agents and divergence of some professions. For example, in law firms, you find some lawyers concentrating on sports law. The coaching aspect has not been left out in the need for specialties. Every department of the game is no longer handled by one man; now there is the goalkeeper trainer, physical trainer, technical adviser, chief coach and team manager. All these is to ensure that every opportunity is maximised for the growth of the game and more earnings from mega deals.
One major fact currently, is that, the lacklustre attitude towards football/soccer and other sports as a profession in general is virtually none existence anymore. Before now, sports was seen as a mere recreational activity and exercise. In those days, for example, you will be too scared to approach your parents with your intention of becoming a footballer or sports personality. The reverse is the case today. Now parents practically berate their children for not engaging in one form of sports or the other. They encourage and preach it loud and clear. Mostly fathers buy club jerseys for their sons, just to influence them early enough towards that line. The girls are not left out, with the recent growth of female football.
The financial impact on leagues and its exigencies activates series of investment portfolios from stakeholders that leads to multipliers effect on other sectors of the economy.
Written by
emy1010.
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Emy1010
BAD LEADERSHIP IN AFRICA
~3.5 mins read
BAD LEADERSHIP IN AFRICA
The continent of Africa is highly blessed. This is a continent that boast of some many natural resources and in large quantities. These resources are not just in abundance but also they are in their purest form. These resources are of high demand all over the world; their quality can’t be questioned. I will say with all confidence, that, during creation GOD ‘smiled' on Africa with the broadest and brightest smile compared to none.
The presence, in abundance, of diverse resources that are of high quality and demand in Africa; clearly shows that the current state of things are man made. The state of things in Africa is man induced, not that she lack the capacity to be better.
Leadership in Africa is an issue. When leaders are corrupt, they will stop at nothing when accumulating wealth for themselves and children unborn. On a scale of 1 – 100, 98.5% of emerging and current serving leaders have only one aim to loot like their predecessors.
Apart from Nelson Mandela of South Africa, Thomas Sankara of Burkinà Faso, Jerry Rawlings of Ghana and Julius Nyeyere of Tanzania; leadership in Africa has taken the back seat of importance and impact on the people. Whenever African leaders are “elected”, appointed or forcefully take over the mantle of power/leadership; they assume a position of lordship over the same people they are to serve. They see it as an opportunity and a right to enrich themselves and amass wealth for generations unborn.
“leadership is not a call to be served; it is a call to serve”
A leader is a servant; a servant as in utilising your best managerial skills and intellect to maximise output for all; from the limited available resource and not the other way round. If you are elected or appointed as a leader; the people believe a mandate has been given to improve the standard of living and the well being of the populace.
“Whenever African leaders are “elected”, appointed or forcefully take over the mantle of power/leadership; they assume a position of lordship over the same people they are to serve..”
The poverty state in Africa has contributed immensely to the mental state of its people. This has hamper their myopic vision; not being able to look beyond the now and into the more buoyant future with the right leaders along the corridors and seats of power. The mentality has affected their vision so much that all they think of is what they can get now from the aspiring or incumbent leaders; regardless of the clear personal ambition of the leader. Until this mentality is changed, we will continue to have the wrong pegs in the right holes.
We have discussed so much about leadership and negative effect of bad leadership. It won’t be complete without discussing the underlining aspects of it like dictatorship.
We are no longer strangers to dictatorship and authoritarianism, all these ideology have one thing in common denominator and that is Power! Looking at the flip side of Power, it's not so attractive, however, it can be, when judiciously applied. The ideal definition of Power underlines 'Authority' and 'Leadership', however what we do with this authority and position changes everything! The adage: 'Absolute power corrupts absolutely' sure speaks volumes.
Being power drunk is so easy and intoxicating. It is very easy for an African to fall prey to the evil monster called Dictatorship, a state of absolute power. Some of the attributes of being power drunk are as follows
§ When you no longer listen to those you lead!
§ When you no longer seek good counsel!
§ When you no longer consider other opinions before you take certain decisions!
§ when only your opinion counts!
§ when you see and listen to just yourself!
§ When you feel more important than others!
§ When you deceive people!
§ When you take advantage of the vulnerable!
§ When you are deaf to truth!
§ When you are blind to justice!
§ When you use your position to defraud people!
§ When you do not have the interest of those you lead as a priority and all you care about is the national treasury!
§ When you sway the truth to make blue become black! When you turn the definition of Power to soothe yourself!
§ When you promote mediocrity and spite ingenuity!
§ When you reward diabolism and hate Godliness!
§ When you suddenly become shady and divorce credibility!
§ When it's time for you to quit deceiving the People and turn a new leaf and you don’t!
Then you know your Power is Drunk!
Leadership position should not be abused or misused. It is not a period to oppress your enemies, oppositions or other ethnic groups. We need to realize that as leaders it is equally not an opportunity to amass wealth.
emy1010
The continent of Africa is highly blessed. This is a continent that boast of some many natural resources and in large quantities. These resources are not just in abundance but also they are in their purest form. These resources are of high demand all over the world; their quality can’t be questioned. I will say with all confidence, that, during creation GOD ‘smiled' on Africa with the broadest and brightest smile compared to none.
The presence, in abundance, of diverse resources that are of high quality and demand in Africa; clearly shows that the current state of things are man made. The state of things in Africa is man induced, not that she lack the capacity to be better.
Leadership in Africa is an issue. When leaders are corrupt, they will stop at nothing when accumulating wealth for themselves and children unborn. On a scale of 1 – 100, 98.5% of emerging and current serving leaders have only one aim to loot like their predecessors.
Apart from Nelson Mandela of South Africa, Thomas Sankara of Burkinà Faso, Jerry Rawlings of Ghana and Julius Nyeyere of Tanzania; leadership in Africa has taken the back seat of importance and impact on the people. Whenever African leaders are “elected”, appointed or forcefully take over the mantle of power/leadership; they assume a position of lordship over the same people they are to serve. They see it as an opportunity and a right to enrich themselves and amass wealth for generations unborn.
“leadership is not a call to be served; it is a call to serve”
A leader is a servant; a servant as in utilising your best managerial skills and intellect to maximise output for all; from the limited available resource and not the other way round. If you are elected or appointed as a leader; the people believe a mandate has been given to improve the standard of living and the well being of the populace.
“Whenever African leaders are “elected”, appointed or forcefully take over the mantle of power/leadership; they assume a position of lordship over the same people they are to serve..”
The poverty state in Africa has contributed immensely to the mental state of its people. This has hamper their myopic vision; not being able to look beyond the now and into the more buoyant future with the right leaders along the corridors and seats of power. The mentality has affected their vision so much that all they think of is what they can get now from the aspiring or incumbent leaders; regardless of the clear personal ambition of the leader. Until this mentality is changed, we will continue to have the wrong pegs in the right holes.
We have discussed so much about leadership and negative effect of bad leadership. It won’t be complete without discussing the underlining aspects of it like dictatorship.
We are no longer strangers to dictatorship and authoritarianism, all these ideology have one thing in common denominator and that is Power! Looking at the flip side of Power, it's not so attractive, however, it can be, when judiciously applied. The ideal definition of Power underlines 'Authority' and 'Leadership', however what we do with this authority and position changes everything! The adage: 'Absolute power corrupts absolutely' sure speaks volumes.
Being power drunk is so easy and intoxicating. It is very easy for an African to fall prey to the evil monster called Dictatorship, a state of absolute power. Some of the attributes of being power drunk are as follows
§ When you no longer listen to those you lead!
§ When you no longer seek good counsel!
§ When you no longer consider other opinions before you take certain decisions!
§ when only your opinion counts!
§ when you see and listen to just yourself!
§ When you feel more important than others!
§ When you deceive people!
§ When you take advantage of the vulnerable!
§ When you are deaf to truth!
§ When you are blind to justice!
§ When you use your position to defraud people!
§ When you do not have the interest of those you lead as a priority and all you care about is the national treasury!
§ When you sway the truth to make blue become black! When you turn the definition of Power to soothe yourself!
§ When you promote mediocrity and spite ingenuity!
§ When you reward diabolism and hate Godliness!
§ When you suddenly become shady and divorce credibility!
§ When it's time for you to quit deceiving the People and turn a new leaf and you don’t!
Then you know your Power is Drunk!
Leadership position should not be abused or misused. It is not a period to oppress your enemies, oppositions or other ethnic groups. We need to realize that as leaders it is equally not an opportunity to amass wealth.
emy1010
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