Essay On Unnecessary Cost Of Stadiums

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Are stadiums a good source of revenue or an unnecessary cost?
With thousands of screaming fans donned in their team colours, team banner and flags, a stadium on match day becomes home to people who share their heart with a team to show support. From the roaring atmosphere at a colosseum to the singing and chanting fans at Signal Induna Park, Stadiums have always been an important part of any Sporting event or organisation. Not only do they serve as a platform for the team that puts on a display at the arena, but also developed into a major source of revenue for the respective establishments. But many do not realise that building and maintaining a stadium isn’t as easy as one thinks.
How Stadiums earn revenue?
For ages, stadiums were one of the largest sources of revenues for a team, if not the only. Over the years the growth of television and sale of Merchandise have grown significantly displacing the Stadium’s earning capability. However, this does not amend the fact that stadiums are yet necessary and that there is a huge cost involved in building and running a stadium.
Stadiums nevertheless have also evolved to earn more than just ticketing revenues, although this is yet the largest chunk of where the money comes from. With the evolution of ticketing and hospitality, stadiums have raked up newer and larger sources …show more content…

United States leads the way in this front with the likes of NFL teams, NBA teams and even big college football teams building state of the art multipurpose facilities. Their whole concept being to increase the time spent by a fan in the stadium and also to ensure maxim revenue is earned from the facility. Ideas such as installing couches with video game consoles and swimming pools facing the pitch enable fans in the USA to arrive and spend time at the stadium, there by patronising in the various products and services available at the location in turn increasing revenues for the

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