Not all sports are created equal and some of the most popular tournaments in the world offer more than just entertainment and cultural pride, but also massive economic benefits to both their participants and organizers. This is true especially when it comes to the biggest and highly phenomenal sporting events today.
Here are some of the most expensive and extremely profitable sporting events in history and what made them stand out from the rest.
The World Series is Major League Baseball’s (MLB) 100-year old showpiece series, featuring the biggest baseball teams across the United States. It was in 2016 when they recorded their most memorable, and not to mention profitable game yet: Chicago Cubs defeated Cleveland Indians and won the series championship – an epic comeback after their century-long drought without a World Series title.
The event was founded in the 1960s with just four teams and it has expanded in terms of scale and profit in the last 50 years. The Euro 2016 was held in France and it was the biggest tournament to date, with 24 nations participating. Portugal holds the current championship title.
The international football (soccer) scene is one of the most globally renowned, with the last tournament boasting 700 million in audience population. FIFA’s highly commercial operations make it one of the most expensive sports events in the world both in terms of rewards and revenues.
Most sports analysts and investors know that UEFA Champions League—another major football event—is where the money is made, boasting millions to billions worth of prizes. Many superstars are present in every UEFA Champions League tournament and we’re talking about the most expensive players in the world of football: Manuel Neuer, Daniel Carvajal, Diego Godín, Lionel Messi, Cristiano Ronaldo, and a lot more.
Most of us love sports and we take pride in the fact that win or lose, we’re loyal fans to our beloved teams. In fact, we sometimes take that once in a lifetime chance to turn off the TV and actually go and see our teams in person – no matter how expensive it is.
Just like ordinary people, the super-wealthy elites also like going to their favorite sporting events and even religiously following their teams wherever the games take them. With all the money in the world, they do this in a rather larger, more luxurious scale. Let’s take a look at some of the most luxurious sports events loved by the super-rich:
This year’s America’s Cup is currently being hosted by the majestic subtropical archipelago in the Atlantic Ocean, Bermuda. This billion-dollar sport is a race among state-of-the-art catamarans that depend on high technology and superior human expertise to achieve insane speeds—and win the top trophy from what is known to be the world’s oldest and most prestigious sailing competition. Four-time Olympic champion Sir Ben Ainslie has even considered America’s Cup to be the ‘Formula One racing on water.’
MONACO GRAND PRIX
The uber-wealthy loves their speed and it shows in their presence in the yearly Monaco Grand Prix. This Formula One racing event has been around since 1929 and is known for its infamously narrow course and dangerous elevations. Even for those elites who don’t love racing, the picturesque scenes in Monaco alone can attract any person in the world to this unforgettable event.
The Dubai World Cup may not be the gold standard in the tradition of in Thoroughbred horse racing but their lavish and luxurious take on this competition attracts the mega-wealthy. The keyword is “gold”, and this expensive racing event