There is far too much money in sport. What do you think and why?

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There is far too much money in sport. What do you think and why?

Spectator sports were once defined by the close-knit nature of teams, the tenacity of the competition and the exhilaration of the victory, and the essence of fair play—playing for the sake of playing, not winning. In the 21st century, however, the spectator sport sector has become one of the largest grossing businesses in the world, with almost every large firm, regardless of industry, involves in matters ranging from the ownership of sports teams or even entire leagues to the sponsorship of competitions. Sports has become a field where money can buy talent and where winning is everything because winning generates still more money. IT is tragic that the essence of team sport has been distorted by the buying and selling of athletes and that a modern-day sports team is nothing but a group of money-hungry individuals who have little in common except the compulsion to win—for more prize money.

The definition of competitive sports has been distorted by the injection of money into the system. Earlier, prize winnings were measly sums of money that barely supported players and were more a side benefit to the general satisfaction of being a sports person. Jesse Owens, the legendary American sprinter, ran barefoot at the 1936 Olympics in Hitler’s Germany and despite winning an unprecedented number of gold medals maintained a down-to-earth lifestyle and personality that enhanced people’s respect for him. In stark contrast, athletes today, such as English footballer David Beckham, receive outrageous amount of money for doing little more than looking good on the filed. Endorsement contracts, club paycheck and benefits all add up to give them a yearly income that often exceeds $1000 million. Beckhman’s recently-singed contract with an obscure MLS (America) team called LA Galaxy netted him a paycheck of $50 million—from the club alone. These financial incentives often spoil players so much that their hunger to play well and win a good win, dies out. It has in Beckham’s case.

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Modern-day sport is filled with such over-hyped yet mediocre sportsperson who have little motivation to do what they are paid for—play well. And understandably so. It is hardly a surprise that they can’t perform consider they are more celebrities and socialites than athletes and spend more time at parties than breaking a sweat on the field. In fact, they aren’t average human beings any more. Their apotheosis, however, is largely due to their wealth and their name, not their play.

Another adverse impact of the amount of money floating around in the sports world is that talent is given little ...

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