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BBCNEWS The Context June 4, 2024 20:35:00

To the united states but this is a totally different moment. now, the major league, has been consolidated for 30 years, 27 years of major league soccer in this consolidated product in the united states football is producing good players and under 20 team did pretty well in the world cup at that level in the bring of young players in lots of employers in south america and so, whether great things of having lionel messi is not only that you have him and maybe they re trying to bring the band back as well from barcelona, some of the team mates are alsojoining him in the barcelona, some of the team mates are also joining him in the former barcelona team mates, not only do you have that, it s also that by being lionel messi, you can shine a spotlight on the strength of the league which will take people by surprise. lionel messi is adding to sporting culture which is already ....

Major League Soccer , England Team , World Cup , South America , Lionel Messi , Team Mates , Sporting Culture ,

BBCNEWS Talking Business June 4, 2024 16:36:00

A reply to our request. and the question i wanted to ask is, why is so much money flowing into sport? so instead, i turned to a leading academic who s been studying the links between money, power and sport for more than 25 years and is currently part of the cma business school in paris. professor simon chadwick, a real pleasure having you on the show. and simon, let sjust start with this. why is saudi arabia spending so many billions of dollars on sport? when you look at it, let s be frank, not a country with a reputation for a deep sporting heritage. so, two responses to that. i think the first is around the sport itself. there is a lot of engagement. there s established engagement with sports like football. but the sporting heritage of saudi arabia as well is bound up in camel racing and falconry, also in equine sports as well. so there is a sporting culture there. we re not making a giant leap ....

Saudi Arabia , Simon Chadwick , Let Sjust , In Paris , Business School , Asset Class Sports , Let S Be Frank , Deep Sporting Heritage , Sporting Culture , Giant Leap , Camel Racing ,

BBCNEWS Talking Business June 4, 2024 10:36:00

The population in saudi arabia. and that s what that s why we re doing it. we also tried to interview the saudi government but didn t receive a reply to our request. and the question i wanted to ask is why is so much money flowing into sport? so instead, i turned to a leading academic who s been studying the links between money, power and sport for more than 25 years and is currently part of the cma business school in paris. professor simon chadwick, a real pleasure having you on the show. and simon, let sjust start with this. why is saudi arabia spending so many billions of dollars on sport? when you look at it, let s be frank, not a country with a reputation for a deep sporting heritage. so two responses to that. i think the first is around the sport itself. there is a lot of engagement. there s established engagement with sports like football. but the sporting heritage of saudi arabia as well is bound up in camel racing and falconry, also in equine sports as well. so there is a spor ....

Saudi Arabia , Elite Sport , Didn T , Simon Chadwick , Let Sjust , In Paris , Business School , Let S Be Frank , Deep Sporting Heritage , Formula 1 , Sporting Culture , Giant Leap , Camel Racing ,

BBCNEWS Talking Business June 4, 2024 23:36:00

Is bound up in camel racing and falconry, also in equine sports as well. so there is a sporting culture there. we re not making a giant leap into the unknown as far as what saudi arabia is doing, there are lots of reasons for it. there s an economic component. this is an economy hugely dependent upon oil and gas revenues in a world that is kicking back against fossilfuels. it needs to diversify very, very quickly, especially in terms of ensuring the resilience of its economy. at the same time, unemployment is high, and sport is seen as one of the ways of generating new jobs and new revenue streams. at the same time, sport is a public health intervention. and of course, there are always political dimensions. absolutely. there are image and reputational benefits associated with investing in sport. but we know that there are a lot of critics saying that saudi arabia s investments in sports is sports washing, an attempt to distract the outside world from its human rights records. but how m ....

Saudi Arabia , Sporting Culture , Giant Leap , Camel Racing , Elite Sport , Revenue Streams , All Over The World , Sports Washing , Human Rights Records ,