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This is how coronavirus is affecting sports | World Economic Forum The global value of the sports industry was estimated to be $471bn in 2018 – an increase of 45% since 2011 – and before coronavirus stopped play, the only trajectory seemed to be upwards Now, every part of the sporting value chain has been affected, from athletes, teams and leagues, to the media that broadcast and cover games
Gender pay gap in sports is huge and it’s not about to close Cristiano Ronaldo is the world’s highest paid athlete with earnings reported to be more than $88 million, including lucrative sponsorship deals and endorsements By comparison, the highest paid female football player, Alex Morgan, earns around $2 8 million This is just one example of the huge gender pay gap in sports that persists in sport
How sports can bring us together and drive social justice | World . . . Sports have brought people together during the COVID-19 pandemic Many leagues have adopted creative solutions to overcome health and safety challenges Sports icons and leagues have leveraged their platforms to address key social justice issues Even as the recent surge of COVID-19 cases from new variants has led to increased lockdowns around
The uniquely unifying power of sports, and why it matters Mandela said in 2000: “Sport has the power to change the world It has the power to inspire It has the power to unite people in a way that little else does It speaks to youth in a language they understand Sport can create hope where there was only despair ” There are many other examples of the unifying power of sport, including the pro
What the US soccer equal pay case means for sports American soccer's governing body agreed to pay $24 million, and made a commitment to equalize pay and bonuses to match the men's team The Association congratulated not only the lawyers but also the athletes themselves “on their historic success in fighting decades of discrimination” This is a major step forward in achieving equal pay for
How closely can we compare esports to traditional sports? | World . . . By 2020, four of the top 10 were valued at more than $300 million The world's top esports companies have grown at an impressive rate Image: Visual Capitalist When compared to traditional sports valuations, esports companies have already reached major league hockey status TSM, the world’s most valuable esports company in 2020, has a higher
4 activist athletes helping to change the world | World Economic Forum In 1967, Muhammad Ali was excluded from boxing for refusing military draft in protest against the Vietnam War Here are four sports people leading change – and inspiring others – right now: 1 Carson Pickett – the first player with a limb difference to play for the US Women’s soccer team Pickett was born without part of her left arm
Why the world needs activist athletes today more than ever Activism in sports has a proud history in the US and around the world, and current events are making it more important than ever Building on this and finding a way forward will require leadership at every level of society - including from high-profile athletes To make a real difference, however, athletes need to be supported by all actors in
The explosive growth of eSports | World Economic Forum The global eSports audience will reach 380 million this year, made up of 165 million dedicated eSports fans and 215 million occasional viewers In 2018, the eSports industry is projected to generate $905 million in revenue, reaching over $1 billion over the next two years China and North America will generate over half of that sum
Why we need to provide equal funding to women in sports? Since 1972, thanks to increased funding and institutional opportunities, there has been a 545% increase in the percentage of women playing college sports and a 990% increase in the percentage of women playing high school sports Having more women in sports also enhances the leadership potential of women Image: EY Source: EY