SAS - Booklet 3 Flashcards
(60 cards)
What is commercialisation?
Treating sport as a commodity involving the buying and selling of assets with the market as the driving force behind sport
What is sport as a commodity?
Sport becomes a commodity when either consumers are willing to pay to play/watch it or if it has a potential exchange value rather then merely just a use
What is an example of a performer being a commodity?
Neymar sold to PSG for $222 million
What is an example of an event being a commodity?
2024 Super Bowl game being broadcasted to 123.4 million viewers
What is an example of a team being a commodity?
Ryan Reynolds buying Wrexham AFC for $2 million
What would effect a performers value?
Success e.g. Luke Littler doubled NET worth after winning darts
Appearance e.g. Alisha Lehmann
Media appeal e.g. Rory McIlroy
What are market forces?
Economic factors effecting the price of, demand for and availability of commodity
What are some examples of market forces?
Most popular events demand highest TV rights
Point guards demand most money in NBA as crucial to success
What affects prices in sport?
TV rights, advertising, transfer fees, sponsorship
What are the impacts of market forces?
Greater gap between top and bottom
Greater gap between male and female sport
Encourage deviance
Games less close and therefore less entertaining
What could be some solutions to limit the impacts of market forces?
Salary caps
Transfer caps
What is consumerism in sport?
Consumerism is about buying things e.g. teams buying players, fans buying replica kits and merchandise
What does commercial sport need to succeed?
Affluent society
Media
Leisure time
Spectator appeal
How has sport become commercialised?
Purchase of clubs/teams
Hyperinflation of player wages
TV revenue
Increased prize money
Advertisement and sponsorship
How do athletes make their money?
Winnings, sponsorship, product endorsement, club contracts, bonuses, affiliated merchandise
What are the positive impacts of commercialisation?
Increase in professional results and viewership
Low participation sports could receive funding
More positive role models
Funding for facilities and equipment
What are the negative impacts of commercialisation?
Lombardian ethic - Win at all costs mentality
Focus more on money than love of the game
Events and timings change
Increased deviance
Real fans can’t attend due to increased gate prices
What are 4 different ways to sponsor in sport?
Individuals, teams, venue/stadium, event
What is sponsorship?
The financial support provided to a team, individual, sport, or event for mutual benefit
Why is sponsorship important?
Individuals -> cover cost of kit, equipment and travel. Gives time to train
Teams/clubs -> kit, equipment, grounds
Stadium -> bigger, better tech, safer
Events -> venue hire, catering, officials cost
What is endorsement?
Giving approval/support to a product in return for payment e.g. Tom Brady endorsing Under Armour sportswear
What is advertising?
Paying to promote a product or company in return for financial return e.g. paying for Super Bowl ads (advertisers see an increase of 16% in sales within first month of the game)
What is merchandising?
Selling goods linked with events/clubs/individuals for financial return
What are the advantages of merchandising, endorsing and advertising in sport?
More money
Better management and facilities
Athletes can train longer
Higher performance level
More media interest
More competitions
Increased participation via promotion of sport