Financing Plan for Major Sporting Events and Their Future Impact on Emerging and Developed Economies

Abstract

This study undertakes an extensive examination of the multifaceted impacts—economic, social, cultural, and political—stemming from major sports events in both emerging and developed nations. Our specific attention is directed towards Spain, England, Brazil, and Mexico, with a particular focus on the period spanning from 2010 to 2020, as well as identifying and exploring the most relevant variables for their success. Applying rigorous methodologies such as Pearson correlation, Cost-Benefit Analysis, Descriptive Analysis, and documentary research, a comparative analysis is developed between the aforementioned countries and the identified variables. The purpose of this comparison is to understand the critical factors that differentiate these countries in terms of the economic impact of sports events. One of the main objectives of this work is to propose a financing plan tailored to the results obtained. This plan seeks to optimize the organization and benefits of football leagues in each country, considering the peculiarities and specific needs of each economy and society. The study focuses on how a major sports event, in this case, professional football, affects the local economy and what the most important variables are for achieving sustainable success over time. These variables are used to make a detailed comparison between countries. The research aims to understand and propose solutions to the challenges faced by emerging and developed countries when organizing major sports events. The importance of aspects such as tourism, employment, spectator consumption, and cultural differences in the profitability and success of these events is emphasized. As a result, a solid financing plan is presented, tailored to the reality of the host country, optimized to maximize economic and social benefits and host major sports events.