Research on the Impact of COVID-19 on Professional Sports in China and Development Strategies

Authors

  • Jiaxuan Li

DOI:

https://doi.org/10.54691/bcpbm.v32i.2896

Keywords:

China; Professional sports industry revenue; Impact; COVID-19.

Abstract

Since COVID-19 lasted for three years, it had a considerable impact on most industries, and the professional sports industry, where many people would gather, was inevitably among them. There was no uniform statement about the extent of its impact. Therefore, this paper explores the impact of the epidemic on professional sports in China and the future development strategies of professional sports by collecting data on the income of the professional sports industry before and after the epidemic and conducting a comparative analysis of the data and interviews with a portion of people with game watching habits. The two investigations show that the impact of COVID-19 on professional sports is significant. Therefore, it is recommended that professional sports games return to normal as soon as they are allowed and enhance the viewing experience both online and offline this is important to increase both revenue and spectator sentiment. This study objectively analyzes the impact of COVID-19 on professional sports in China, which facilitates the recognition that the current strategies made by the professional sports industry in response to the epidemic are inadequate and do not consider the economic pressure caused to teams as well as athletes.

Downloads

Download data is not yet available.

References

Who. Int. “Coronavirus”. 2022. Retrieved on August 3, 2022. Retrieved from: https://www.who.int/health-topics/coronavirus#tab=tab_1.

United Nations News. “COVID-19 pandemic. Depression and anxiety soar 25% in one year”. March 22, 2022. Retrieved on August 3, 2022. Retrieved from: https://news.un.org/zh/story/2022/03/1100042.

The World Bank. “COVID-19 to Plunge Global Economy into Worst Recession since World War II “. JUNE 8, 2020. Retrieved on August 3, 2022. Retrieved from: https://www.worldbank.org/en/news/press-release/2020/06/08/covid-19-to-plunge-global-economy-into-worst-recession-since-world-war-ii.

Yutang Sports. “Where does the revenue from sports come from”. December 20, 2016. Retrieved on August 3, 2022. Retrieved from: https://www.jiemian.com/article/1023907.html.

STATSCORE - News Center. “What Are The 5 Most Popular Sports In China? - STATSCORE - News Center”. 2022, Retrieved on August 3, 2022. Retrieved from: https://blog.statscore.com/what-are-the-5-most-popular-sports-in-china/.

Sports. Sina.cn. “Media people: the team’s public annual report shows that last year the Lions lost 16.05 million & Tongxi 24.33 million”. April 23, 2022. Retrieved on August 3, 2022. Retrieved from: https://sports.sina.cn/nba/other/2022-04-23/detail-imcwipii6016157.d.html?vt=4.

Sporting intelligence. “GLOBAL SPORTS SALARIES SURVEY 2019”. 2022. Retrieved on August 3, 2022. Retrieved from: https://globalsportssalaries.com/

Institute of Management Accountants, “Chinese Enterprises Facing The Impact of The Covid-19 Crisis: A Survey of Challenges and Responses”. 2022. Retrieved on August 19, 2022. Retrieved from: https://www.imanet.org/insights-and-trends/risk-management/chinese-enterprises-facing-impact-of-covid19-a-survey-of-challenges-responses?ssopc=1

PEW RESEARCH CENTER. “Economic Fallout From COVID-19 Continues To Hit Lower-Income Americans the Hardest”. September 24, 2020. Retrieved on August 19, 2022. Retrieved from: https://www.pewresearch.org/social-trends/2020/09/24/economic-fallout-from-covid-19-continues-to-hit-lower-income-americans-the-hardest/

Joe Pompliano. “How Do Professional Sports Teams Make Money?”. April 28, 2021. Retrieved on August 19, 2022. Retrieved from: https://www.roundhillinvestments.com/research/prosports/how-do-professional-sports-teams-make-money

Downloads

Published

2022-11-22

How to Cite

Li, J. (2022). Research on the Impact of COVID-19 on Professional Sports in China and Development Strategies. BCP Business & Management, 32, 250–256. https://doi.org/10.54691/bcpbm.v32i.2896