Various players in the sector
The sports sector in Germany is built by various players who function together to ensure that the industry exists as a healthy ecosystem. Key stakeholders in multiple sectors found in the sports industry are required to work together to ensure that the sector functions effectively. Financial, human, and material resources are needed for the mobilization of sporting activities. Players in the sports sector, therefore, require financial resources since the sporting practice has become an act of consumption. The practice brings together a train of expenses for hiring equipment, transport prices, clothing goods, and entry tickets. Various players exist in the sports sector in Germany. The individual athlete is a crucial player in the sports industry. They are the ones who perform sporting actions, and therefore, without them, sports cannot be carried out. Many athletes exist in Germany’s sports sector. Athletes have various financing needs; they need finances to devote themselves entirely to the extensive training that is required for them to compete at any level. They also require financial resources to cover their training costs. The maintenance of managers and agents requires fees and commissions. The athlete also incurs medical expenses, they include physiotherapy dietary costs and the cost of nutritional supplements. Insurance is also an essential requirement in the sports sector. Athletes are required to be insured and to insure the equipment they use for both training and competitions. Other financial needs for athletes include legal fees, sports coaching, and travel expenses, among many others. Finances, therefore, play a critical role in the development of an individual athlete.
Sports clubs are also key players in the sports industry in Germany. The country is famously known for clubs such as Borussia Dortmund and FC Bayern Munich. For individuals that are not willing to compete on an international stage, the country has local sports clubs referred to as Verein. According to the DOSB, Germany has 91,000 sports clubs with approximately more than 27 million members. The clubs enable individuals to take part in sports without incurring significant financial costs. They also allow members to become actively involved in sports for which is crucial for social cohesion and improving the quality of lives of members. The clubs can be in every big or small town. Members are usually part with a small monthly fee to acquire membership. The clubs, therefore, require finances to operate. The financial needs of sports clubs include real estate ownership or rent. Finances are also required to operate and maintain these facilities such as stadiums and arenas. Employees are employed to ensure that the facilities run properly; this necessitates the need for salaries. The clubs also need to be insured. Financial resources are also required for expenses such as office supplies, consumables, IT costs, sales, and marketing.
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