An International sports event occurs when two or more nations compete in any type of sporting activity. Some of the most famous examples are the Olympic Games and the FIFA World Cup. These events generate tremendous revenues and bring the host nation a lot of attention both nationally and internationally. They also improve the country’s infrastructure by providing it with improved roads, communication facilities and new sports stadia etc. These improvements continue to exist long after the events are over thereby becoming long term benefits. Moreover, sports provide the opportunity to socialize with people from different countries and cultures resulting in greater understanding of foreign nations.
Despite these positive impacts, hosting an International sports event is not cheap and comes with its own share of problems and costs. It requires huge investments to evaluate, prepare and submit a bid to the relevant committees in charge of the event. The actual staging of an event itself is even more expensive as the organising committee needs to construct facilities, hire professionals and train athletes among other things.
This leads to financial stress on the organising country that could ultimately lead to debt. Therefore, it is important for the organiser to carefully plan and manage the costs of an International sports event. This is done by creating an overall budget for the entire event which takes into consideration all the associated costs including the construction and renovation of sports venues, hiring of professional teams, travel expenses, stadia and hotels for the participants and officials. It is also advisable to have a contingency fund that will cover any unexpected costs that may arise during the course of the event.
In addition to the financial costs, there is also a significant environmental cost that is often overlooked when organising an International sports event. During the construction phase, it is important to ensure that the environment is not harmed and that the site is safe and suitable for the event. This includes ensuring that local residents do not have to move out of their homes during the construction process.
After the event is over, it is also important to ensure that any waste produced during the event is properly disposed of and that any environmental impacts are minimized. This includes minimizing water, air and noise pollution. It is also advisable to have an after-event plan in place that includes measures such as establishing sustainability objectives, reviewing and evaluating the event, setting up an advisory group, conducting follow-up activities and monitoring the impact of the event. More info can be found when you visit 해외스포츠중계.
International sporting events help promote the culture and beauty of the host city through the promotional campaigns that are carried out during the event. This increases awareness for the city and attracts more tourists which in turn contribute to economic growth for the region. Additionally, the event provides an international platform to showcase the city’s talents and creates a sense of pride in the residents. Thus, they can be a catalyst for regional and national development (Burton & O’Reilly, 2009). Technology advances are also an advantage of these events as it is brought in the form of designs, technical documents, engineering knowledge and blue prints.