Monday, April 23, 2007

The business of Monster Trucks!

In the 1980s, promoters such as the United States Hot Rod Association (USHRA) and TNT Motorsports began racing monster trucks on a regular basis. By 1991, there was a consolidation in the industry when USHRA bought TNT Motorsports and merged the point series. As of 2007, USHRA runs Monster Jam and the Thunder Nationals. Monster Jam is the largest series based on the number of events, which includes freestyle (drivers perform stunts and tricks) and racing competitions. Thunder Nationals is different from Monster Jam because the course is made of concrete rather than dirt, and drivers who are flying their trucks through the air can look forward to rock-hard landings. Big-name trucks, such as Grave Digger and Madusa have taken part in both events.Clear Channel Communications, a broadcasting and entertainment conglomerate that rakes in $9 billion annually, promoted monster truck shows until the end of 2005, which means that the sport was gaining a lot of popularity and was actually worth being broadcasted.

Tourism and sports.

The new trendy thing to to, is to go on vacations in some beautiful place, and compete in whatever sport. Several are the 'vacations offices" that now offer the package hotel-plane ticket-tournament fee and participation.
Famous event such as the the Tour De France, uses the popularity of the sport and creates a few events all over Europe .
People want to go to Africa and drive race cars. Others want to go to the Alpes and run around it and Compete in the North Face Ultra Trail Du Mont Blanc ( A famous competition sponsored by The North Face and that gathers the nest runners in the world).
All in all, some sports organizations use nature and beatiful settings in order to make money.

Eating contests

Some people consider this as an insult reguarding developping countries but others think it is amusing and really entertaining.
However, it has become a real businness of yes.... sport! In the year 2002 it has officially been declared a sport! Unbelievable.....
A bunch of national circuits, like the 2007 Hot Dog circuit, have actaully being created, offering entries to several contests, including fastest eating, biggest dish eating, and so on...
The most famous organization is called the IFOCE ( The international federation of competitive eating). The prizes can go up to a few thousand dollars, and the competitors are often sponsored by food brands.

Pool is becoming a real sport.

Pool, snooker, however you want to call it is invading TV broadcasts. Like poker, it as conidered more a leisure than an actual sport that need skills and concentration. Contrarily to many other sports, Pool is not expansive at all and people do not need to belong to a club in order to play it. The price people pay to play pool is tiny. The price varies between 20 cents and a dollar per game.
On TV, pool is becomming more present, as dotations for tournaments become bigger and bigger week in and week out. In Europe, there is a channel especially made for "pool-addicts" and it gets more famous a people start seeing the game as a sport and no longer as a leisure.

Business in Baseball

Forbes magazine featured an article two years ago in which they wrote that the Major League Baseball (MLB) team values rose 15% from 2004 to 2005. That is their biggest gain in since Forbes has tracked the leagues' financial success. The major reason for this is the new ballparks, which attract more fans due to activities and features aside from baseball. Although these stadiums are very costly, the teams don't suffer losses because taxpayers mainly pay the money to put up the new stadium. However, the team still receives all the revenues that go along with the new attraction. The article also features the top ten team values. At top ranks the New York Yankees, owned by the infamous George Steinbrenner. The teams' value is estimated at $950 million, almost twice the value of the second-place Boston Red Sox.

Arena Football Business Rising

With the release of its new video game and in the absence of the NFL, Arena Football is growing into another big professional sport. The players play indoors on a field that is half the length of a regular football field, and there are no sidelines but rather boards along the sides, like hockey boards. There are 20 teams in the league, ranging from all major cities among the U.S. The league was created in 1987, but games weren't regularly shown on t.v. Nowadays, the sport is broadcasted on ABC and ESPN and has regular sponsors. The league is also used as a jumpspring for football players to be drafted by teams in the NFL and get major contracts. As the sport receives more t.v. time, more money will be put into Arena Football by sponsors and the sport will continue to grow.

Tennis

Tennis is a worldwide popular sport with people playing all the time thru out the world. If you drive past a public tennis court you will usually find someone on the courts playing. Whether it be in am or pm. Professional Tennis, is deemed by many as one of the hardest professional sports to compete as it is an extremely lonely sport with the playing not having a team behind him to hide behind if he is playing poorly. However, the rewards for playing well are extremely lucrative. Roger Federer makes millions of $ every year thru prize money and sponsorships from Nike! However, if you are not at the top of ur game week in week out then making a living becomes stressful and hard work.