Question
In: Finance
Explain how increased technology has aided sports organizations in minimizing expenses.
Explain how increased technology has aided sports organizations in minimizing expenses.
Solutions
Expert Solution
increased technology has aided sports organizations in minimizing expenses in the following ways.
1. There is a high media coverage- due to which there is more sponsorship available. A person sitting in India can watch sports in the US any time- anywhere through OTP platform. OTP platforms are paid a subscription and hence creating a steady revenue doe sports.
2. Buying Tickets has become hassle-free. Before it a headache for both Seller and buyer. Now a person can easily buy a ticket with few clicks on a phone. Bringing down expenses of selling tickets.
3. Due to technology, the advertisement expenses to promote a
league has come down. Bringing in more people at a comparatively
cheaper price than before.
Ex: pro kabaddi league of India. An advertisement was done by OTP
platforms, Internet etc.
4. Technology has decreased the medical and fitness expenditure on
the team/players.
Smart types of equipment like smart helmets are able to displace
the force on impact very much effectively, thus lowering the
chances of head injury.
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