Professional Sports Professional sports and bigleague cities

Professional Sports

Professional sports and big-league cities go hand in hand. Hosting a professional sports franchise is evidence that a city has arrived per-se – that is not simply a large city but a major league city. Moreover, acquiring or retaining professional sports teams has become important in local economic development plans. From your perspective, is it wise for a major “metropolis” to promote professional sports? What are the advantages/disadvantages? Provide research support for your positions.

Solution

It is a general feeling that major metropolis hosting and promoting professional sports will spur economic growth and development of the economy. Though research findings conducted in pre and post liberalization era has found no major correlation between promotion of professional sports and economic growth in terms of increase in real income and prosperity.

Thus, it is more of an emotional / entertainment decision to promote professional sports rather a pure economic decision.

Though, it gives following advantages:

It gives following disadvantages:

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