Overview And History Of Charlotte Sport's Sports Industry Impact

The immediate and alarmist tone of Don Banks’s, a senior writer for Sports Illustrated that covers the National Football League, argues in his article that football is an American sport that needs to be changed due to dreadful brain injuries. In Banks’s article he exemplifies an ineffective strategy that conveys his rational and unbiased argument to come across to readers who are fans of football and the NFL. The headline itself - What Price Football - is evident that the concern of America’s beloved sport is being used as a gaining of wealth and entertainment generated by the incongruous with the alarmist tone of Banks’s reasoning.

The National Football League is an integral part of American culture, practically owning a day of the week. Though they do not release their annual financial data, they are valued upwards of $45 billion placing them tantamount with some of the world’s largest companies. However, the current corporate structure significantly limits its organizational effectiveness; recently, the organization’s culture and questionable practices have been largely scrutinized. Although the National Football League continues to generate high revenues due to favorable competitive forces, we recommend they provide a more sustainable product with a focus on public perception to address issues of misfit and centrality.

Across the country, cities invested millions of dollars into sports delveoplment strategies to keep or lure pro teams to their city (Waldron). For example, the city of Cincinnati spent 424 million dollars on the Cincinnati Bengals but later “had to sell a public hospital to clo se budget holes” (Waldron). The financial numbers are stagering. Some of these cities previously expended money on the sports entertainment market but mysteriously ran out when it came time to balance the budget or to make vital improvements in the city. Cities will continue to spend large amounts of funds on NFL teams because the allure of the franchise and the notority they bring with them is to great to say no

That means that the main reason the NFL makes money is because they have so many fans viewing their product. Buyer power also affects the individual teams of the NFL. The consumer affects game day sales and profits, and the main reason why NFL teams move from city to city is because of lack of fan interest. Without fans, the NFL couldn’t survive;

On March 28, 1984, the history of Indianapolis changed forever, something many millennials will never come to know. At the crack of dawn, about a dozen Mayflower moving vans left the city of Baltimore. Having packed all night long in preparation to leave before the sun came up, the Baltimore Colts had made what seemed to be an abrupt decision to pack up their team and move to Indianapolis. This event in Colts’ history has had a lasting impact not only on the city of Indianapolis, but also on the city of Baltimore. From the economic aspects to the pleasure of fans, the Indianapolis Colts have made a dramatic transformation to the city of Indianapolis in a multitude of ways.

When a town/state hosts the NFL’s Super Bowl, the area is heavily impacted on an economic level. Spectators of this widely publicized event come into these towns and patron local hotels, restaurants, area shopping centers and tourist attractions. This fact alone has a huge economic impact on both the local and state level. Tax dollars generated by the sales and patrons of these establishments equals an increase in state allocated

Bad Idea for the Raiders Imagine the Chicago Cubs being moved to Indianapolis. Imagine Marshall’s Thundering Herd relocating to Ohio State. Every sports team has been set in tradition. Traditions are not made to be broken. The Oakland Raiders are Oakland based.

The operation of the Charlotte Hornets team and facilities and the TWCA is a positive impact for the Charlotte and Mecklenburg County areas due to the employment opportunities that are aligned with the arena and facilities. In addition the fans that travel from outside the local boost the economy when they stay in local hotels, eat at local establishments and bring their financial contribution to the community while attending sporting or entertainment events. The economic impact is not just limited to Charlotte, the state of North Carolina benefits greatly from the operation of the Charlotte Hornets and the Time Warner Cable Center. During a time where many people are experiencing unemployment and financial difficulties, having facilities and arenas that generate revenue that opens up various employment opportunities ranging from business class positions to the food industry and other service industry

It was 1925, New York City, The Big Apple, a couple years before the Great Depression. The city was bustling with industry. Men, woman, and children were working all day, trying to survive the harsh city life. With the spare money they earned, they went to see short films at the movie theater and went to see sporting events like polo and baseball.

I strongly believe NCAA athletes should be paid for their contribution to the NCAA. These athletes are directly responsible for the generation of revenue for the NCAA and the Universities. Head coaches garner up to seven million dollars a year and the top-tier athletes currently receive $5,000. There 's no arguing that the players contribute more to a team than the head coach. If athletes were paid more, the likelihood that more athletes would achieve their four years of eligibility with the NCAA would be higher.

The Olympics almost always cause negative economic effects for cities. Although cities expect to earn revenue through the Olympics, not many cities generate a substantial amount of revenue. Los Angeles, the host city of the 1984 Olympics, is a rare example of a city profiting from the Olympics: “Los Angeles actually profited by $100 million from the 1984 Summer Olympics mostly by using existing stadiums” (Perryman 17). That city did generate money, but cities

Another impact from football are the teams. NFL football teams bring in millions of fans, who bring millions of dollars in revenue to the cities. The NFL teams alone can make the city’s economy flourish. The NFL teams also offer millions of jobs to the people, from referees to maintenance workers (Easterbrook 256) Football also offers many scholarships and programs that helps many people go to colleges of their choice.

Also stated by Forbes that in it’s yearly ranking, NFL groups represent six of the worlds ten most profitable sports establishments and that they are the main alliance in the world with an average group endeavor estimate of well over $1.2 billion. In the year 2008, it consolidated the income of the 32 groups and the total came to the crazy number of $7.6 billion. A large amount of that came from the TV bargains, other key sources are ticket deals, stock deals as well as corporate sponsorships. It is a fact that the NFL has been a cornerstone of development when it comes to professional sports. It completely takes over the TV on Sunday evening, its recreation is constantly put among the most sat in front of the TV programs which was stated by Nielson’s TV

Additionally, modern major league baseball followed an extremely similar path of existence via capitalist team owners. Within the book Sports in American Life: A History, there are two important aspects pointed out about the development of these major league teams. The first being that most sports venues built within the major leagues were paid for by team ownership. The second being when the owners banded together to create a single national league, they were able to heavily control the salary of players without fear of competition from other leagues. What these pseudo robber barons accomplished went far beyond lining their pockets.

In the narrative “Many sporting events called off or postponed” and the article impact on 9/11 are basically talking about the negative effects of the sad incident that happened in America on September/11/2001. In “ Many sporting events called off or postponed”, the writers noted a day after two planes crashed into the world trade center that it caused some scheduled sporting activities to be cancelled, so they wrote “ The terrorist attacks yesterday caused the cancellation or postponement of numerous sports events in the United States”( F. Litsky and L. Williams 2001). They went on to tell us about how some of the teams and their officials are handling the situation which I guess it would change how they play their games years on.