The issue of whether spending a lot of money on the sporting events is a positive or negative development, has stirred up much controversy. While some argue that it is a waste of money and people should save some money, especially in the down trend of economy, I firmly believe that it can contribute to a city’s economic development and sport culture.
Of all the reasons why spending on sport events could be a positive, it fosters a city’s economy. Apart from the organisers of sport events, other industries such as tourism, restaurants and hotels can also be supported. For example, the football’s star Messi came to Hong Kong last year, and participated in a football match. This event attracted not only local fans, but also foreign visitors. They booked a hotel to stay a night and enjoyed the local food at restaurants. Thus, a successful sport event could benefit the local economy. Besides, the organisers will be supported by the government. For example, providing incentives or promoting the events. These assistance could ensure the success of events and reduce the risk taken by the organisers. In the longer term, more organisers will be confident to held more events.
It is of paramount importance that we understand that spending on sport activities could promote sport culture. When sport events are promoted and reported on the news, it could attract citizens’ attention. Teenagers may be interested in sports and develop their hobbies. In addition, more residents support local sporting teams. For example, some Hong Kong fans took a visit in foreign countries and went to sporting events to support Hong Kong’s team. It helps foster the citizens sense of pride and sense of belonging.
In conclusion, I strongly believe that spending on sport events could be a positive development for local economy and sport culture. Citizens are more willing to spend on local business and build their sense of belonging.