(MENAFN- The Peninsula) QNA
Doha, Qatar: Experts in sports investment affirmed that the State of Qatar has achieved huge success in that sector and proved its capability of managing sports investment and using them to provide an inspiring experience to the world in that field.
During a discussion session entitled“The Business of Sports,” within the activities of the third edition of Qatar Economic Forum, Powered by Bloomberg, currently held in Doha, the experts pointed out that Qatar's success in that field was clearly demonstrated by its hosting of the FIFA World Cup Qatar 2022.
In this regard, Founder, Chairman, and CEO of ONE Championship Chatri Sityodtong said that the aim is to unite everyone as Qatar did in its hosting of the World Cup, as Qatar's edition was the best among all World Cup editions as Qatar brought the peoples together and united the world.
Chatri added that the capital invested in the field of sports is increasing day by day, pointing out that it is necessary to study the risks of capital, as the sports market is growing from day to day and capital is pumped in an astonishing way in that field because of the large fan base that is united by the passion for sports.
In the same context, Managing General Partner and Co-Owner of Boston Celtics Stephen Pagliuca stressed that the more countries invest in sports, the greater the fan base; and the more people immerse themselves in sports, the more television coverage increases, thus the more revenue from television coverage.
This was also confirmed by Co-Founder and CEO of Dynasty Equity Don Cornwell when he said that the talk about investing in the sports field extends back more than ten years, but that was related to modern technology, noting that there are now more than 20 technological institutions that help immerse fans in sports and create an environment in which there is a lot of harmony between players, owners, and fans.
Don Cornwell added that investment in that field is the best and safest among other investments and that the revenues from these investments have increased a lot in the past ten years, and that during the past five years, they have seen many investors turning to this type of investment. He added that the sports field is the only place in the world where a large number of people and fans can meet at the same time, and this helps increase revenues in the field of sports.
In the same context, Chatri said that it is the fans who motivate investors to invest in that field, pointing out that if we look at the hierarchy of sports investment, we will find that it is the safest investment.
This was confirmed by Stephen when he said that sport is a very easy game and it is natural that we find a billion people talking about it and mastering its laws, and this broad fan base is what helps investors to put their money in that type of investment.