SPORT, TECHNOLOGY AND ECONOMY

By: Haziq

In this era of evolution, sports are closely related with the terms economy where we can see that sports invest a lot of money in expanding the industry around the world. Nowadays as technology is widely used, sports industry conquered most of the economy of the world especially in the famous major sports around the world such as soccer, tennis, golf, baseball and formula one.

For example in soccer, we can see the situation when soccer is played 30 years ago where the people does not yet realize the importance of technology and economy. The quality of stadium and the game ball are bad. Then the outfits or the jerseys are not suitable and not comfortable plus the player’s salaries are low. This causes the quality of the players, tactics and gameplay are not good enough. Moreover, less talented and well known players are born during that time. As the economy and technology expand and increase, all the deficiency in soccer is improve time by time. High amount of money are invested to build more high technology equipment. Besides that, high amount of money also are invested on players in order to build a strong team. Many talented players are produced and the quality of soccer increase from time to time.

Same thing also happens in golf where in the time when it is introduced the golf sticks are made of woods and the golf course are smaller. Golf is not well known that time and not many talented golfers are born but now golf is the one of the famous sports in the world where the golfers earn very high salary and the money offered in one competition very high. A golfer can win more than 10 million in one golf competition. This is because the golf sticks made from steel are very expensive and there is many type of golf stick used nowadays according to the situation. That is why the richest sportsman in the world is a golfer.

These are only two examples of sports but we can see clearly the relation between sport, technology and economy. As technology and economy increase, the quality of sports also increases. So money plays a big role to expand the industry of sports because money can buy technologies. As a clear example we can see the Dubai billionaire that can buy a football club with his own money that cost more than 100 million dollar not included with the money use to buy players to strengthen the team. So as a conclusion, economy affect in expanding the sports industries with the help of technologies.