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Taufique Tole
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Taufique ToleKnowledge Contributor
Asked: April 10, 20242024-04-10T06:26:19+05:30 2024-04-10T06:26:19+05:30In: Sports

What are the challenges and opportunities presented by the increasing commercialization of sports?

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What are the challenges and opportunities presented by the increasing commercialization of sports?
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  1. Graham Paul
    Graham Paul Knowledge Contributor
    2024-04-14T18:57:54+05:30Added an answer on April 14, 2024 at 6:57 pm

    Challenges:
    1. Commercial Pressure: Prioritizes financial gain over sports integrity.
    2. Economic Disparities: Widens gap between wealthy and less affluent.
    3. Exploitation: Athletes may face unfair treatment by commercial entities.
    4. Fan Alienation: Disconnects audiences due to excessive commercialization.

    Opportunities:
    1. Revenue Generation: Through sponsorships, broadcasts, merchandise.
    2. Global Reach: Expands audience, drives growth in emerging markets.
    3. Professionalization: Enhances standards in management and coaching.
    4. Innovation: Spurs advancements in technology and fan engagement.

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