There is undoubtedly great benefits in running well-rounded sporting events as new source of income is generated. While some people believe that the government should grant funding to more critical areas, I find the idea of hosting big sporting events more beneficial.
The main reason why some people advocate for investing in areas other than hosting sporting events is the short-term benefits. They believe that focusing merely on poverty, healthcare, transportation, or other prominent things is going to address the existing obstacles, whereas the money needed to tackle them has to be acquired in the first place. Big problems stipulate huge money, and therefore, sport is not a proper solution for a moribund economy. They also believe that the money to bolster these problems has to be provided from more serious sources such as permanent ones, such as selling domestic products and improving infrastructures to increase people’s productivity.
However, many other individuals think that hosting significant sport-related exhibitions is one of those great ways to overcome the above-mentioned issues, which sounds tenable to me. Hosting sport contests helps a country gains validity and currency among other nations, attracting well-known companies, sport stars, and widespread investment in various aspects. This simply promotes a country’s financial status and generates revenues other than local and domestic ones. For instance, Saudi Arabia is one of the countries in which remarkable sporting events related to soccer is held. Many tourists around the world now take a trip to Saudi Arabia’s vast soccer stadiums merely to watch great stars, like Messi and Ronaldo, playing there. As a result, this country has gained a substantial sums of money to invest in various aspects regarding AI, healthcare and urban development.
In conclusion, I agree with holding huge sporting events since they play a pivotal role in attracting new resources through big companies, and gaining enough currency and publicity to absorb tourists and other sources of income.
