Impact of COVID-19 on Sports Industry
SME World|October 2020
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Impact of COVID-19 on Sports Industry
To safeguard the health of all stakeholders, most of the major sport events at regional, national and international levels have been cancelled or postponed — from marathons to football tournaments, athletics championships to basketball games and so on.
Karan Bhalla

The sports industry is Tnot only the one that has been affected but the industries associated with the sport events are also affected such as travel, tourism, infrastructure, transportation, catering and media broadcasting, among others.

The global value of the sports industry is estimated at US$756 billion annually. Hence, it has impacted a huge number of losses for the people associated with the industry. Talking about the job risk, not only for sports professionals but others as well are associated with the sport events are also affected like organisers, advertising agencies, infrastructure and sports equipment sellers.

Physical Activities at Standstill

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October 2020