Long-term socio-economic impact of COVID-19 on sport sector

2021

The nature of the Covid-19 pandemic’s induced economic crisis is unprecedented: beyond the repeated health and economic shocks, the long-term effects on human capital, productivity and behaviour may also be long-lasting. One of the sectors hit particularly severe by the impacts of Covid-19 is sport. The very existence and work of sport organisations, clubs, professional sport leagues, fitness centres, athletes, coaches, sport staff, sport volunteers and sport-related business, including sport event organisers and sport media, have been battling with staying afloat by cutting all unnecessary expenses and consolidating costs while also trying to maintain the community feel of bringing people …