The Business behind Sports

On November 14th, Ronda Rousey, professional UFC fighter and champion of her division was defeated by challenger Holly Holm.  This unexpected event raked in a massive crowd of just under 60,000 people, as well as people watching online electronically.  The event was trending at over 1 million pay per view buys, as well as the live gate accumulating around 6.7 million dollars.  The combined revenue of both the pay per view buys, as well as buy in at the gate was an number estimated at around 50 million dollars.  This amount of revenue from just one event however, shrivels in comparison to many other boxing and UFC events, such as the Manny Pacquiao-Floyd Mayweather fight, which brought in 400 million from just TV revenue alone.

ronda vs holm
Advertisement of the fight between Ronda Rousey and Holly Holm

Money made off sports event has brought in a massive amount of revenue in the past years, and is growing more and more as these sports gain more popularity. The extremely controversial and complicated sports industry has caught the attention of many, such as Yahoo, trying to implement the streaming of sports events into their value propositions, and is expanding massively becoming more and more intertwined with other industries.

sports revenue
estimated revenue from different sports in 2012

references:

http://www.businessinsider.com/floyd-mayweather-manny-pacquiao-revenue-2015-5
http://bleacherreport.com/articles/2589406-the-queen-is-dead-holly-holm-kos-ronda-rousey-starts-new-ufc-era

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