The economic benefits of hosting major football tournaments: UEFA European Championship and Copa America as examples
Hosting major football events such as the UEFA European Championship or Copa América brings significant economic benefits to the host nation. Direct financial gains include ticket sales, broadcast rights, sponsorships, and tourism, all injecting substantial revenues into the economy. Additionally, t...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2024-01-01
|
| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2024/27/shsconf_icdeba2024_01008.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850062593964638208 |
|---|---|
| author | Chen Junwei |
| author_facet | Chen Junwei |
| author_sort | Chen Junwei |
| collection | DOAJ |
| description | Hosting major football events such as the UEFA European Championship or Copa América brings significant economic benefits to the host nation. Direct financial gains include ticket sales, broadcast rights, sponsorships, and tourism, all injecting substantial revenues into the economy. Additionally, these events necessitate considerable investment in infrastructure, such as stadia, transportation, and accommodation. This not only improves the city’s facilities but also creates numerous job opportunities both during and after the event, fostering economic development and reducing unemployment. Moreover, hosting such high-profile events enhances the nation’s international image and prestige, attracting future tourism and global business opportunities. Successful event execution fosters national pride and unity, promoting a positive social atmosphere. However, it’s crucial to acknowledge the risks, particularly the substantial initial investment costs and the challenge of maintaining the infrastructure post-event. Effective planning and management are essential to maximize these benefits and mitigate potential financial risks. In conclusion, while hosting major football events involves significant financial risks, the long-term economic benefits, infrastructure improvements, and enhanced global standing often substantially outweigh the costs. |
| format | Article |
| id | doaj-art-da1e25ce68bb406daef71421d33bdd67 |
| institution | DOAJ |
| issn | 2261-2424 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj-art-da1e25ce68bb406daef71421d33bdd672025-08-20T02:49:52ZengEDP SciencesSHS Web of Conferences2261-24242024-01-012070100810.1051/shsconf/202420701008shsconf_icdeba2024_01008The economic benefits of hosting major football tournaments: UEFA European Championship and Copa America as examplesChen Junwei0Guangdong University of Foreign StudiesHosting major football events such as the UEFA European Championship or Copa América brings significant economic benefits to the host nation. Direct financial gains include ticket sales, broadcast rights, sponsorships, and tourism, all injecting substantial revenues into the economy. Additionally, these events necessitate considerable investment in infrastructure, such as stadia, transportation, and accommodation. This not only improves the city’s facilities but also creates numerous job opportunities both during and after the event, fostering economic development and reducing unemployment. Moreover, hosting such high-profile events enhances the nation’s international image and prestige, attracting future tourism and global business opportunities. Successful event execution fosters national pride and unity, promoting a positive social atmosphere. However, it’s crucial to acknowledge the risks, particularly the substantial initial investment costs and the challenge of maintaining the infrastructure post-event. Effective planning and management are essential to maximize these benefits and mitigate potential financial risks. In conclusion, while hosting major football events involves significant financial risks, the long-term economic benefits, infrastructure improvements, and enhanced global standing often substantially outweigh the costs.https://www.shs-conferences.org/articles/shsconf/pdf/2024/27/shsconf_icdeba2024_01008.pdf |
| spellingShingle | Chen Junwei The economic benefits of hosting major football tournaments: UEFA European Championship and Copa America as examples SHS Web of Conferences |
| title | The economic benefits of hosting major football tournaments: UEFA European Championship and Copa America as examples |
| title_full | The economic benefits of hosting major football tournaments: UEFA European Championship and Copa America as examples |
| title_fullStr | The economic benefits of hosting major football tournaments: UEFA European Championship and Copa America as examples |
| title_full_unstemmed | The economic benefits of hosting major football tournaments: UEFA European Championship and Copa America as examples |
| title_short | The economic benefits of hosting major football tournaments: UEFA European Championship and Copa America as examples |
| title_sort | economic benefits of hosting major football tournaments uefa european championship and copa america as examples |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2024/27/shsconf_icdeba2024_01008.pdf |
| work_keys_str_mv | AT chenjunwei theeconomicbenefitsofhostingmajorfootballtournamentsuefaeuropeanchampionshipandcopaamericaasexamples AT chenjunwei economicbenefitsofhostingmajorfootballtournamentsuefaeuropeanchampionshipandcopaamericaasexamples |