The Influence of the Professional Sports Leagues Research Paper

The Influence of the Professional Sports Leagues - Research Paper Example Sporting clubs have developed professional governing bodies, which regulate and develop structures that aim at making the sports industry interesting. The aim of the governing bodies is to increase optimum production in the sports industry (KÃ ©senne, 2007: 6). Sports leagues are competitive and are some of the most paying enterprises around the globe. Some of the well-paid personalities are sportsmen. For instance, English Premier League, Champions League, and La-Liga are some of the promising sports leagues that command a lot of profit in the globe. The income that these leagues earn contributes to the GDP of various countries. Rugby, Athletics, Golf, Baseball, Cricket etc are some examples of a sports organization that contributes to the economy. Economists believe the future of the sporting industry has a bright future because the industry does not practice monopoly, which is responsible for poor quality products and high prices witnessed in other commercial sectors. Sports indu stry promotes a free market where the competitiveness of the products influences the quality and prices. Analysts argue that competition in the sports industry is not healthy because of its impact on the labour market (Masteralexis & Hums, 2011:121). In this regard, the rich clubs use high wages to maintain top players in the club, thus gripping top positions in the league. This phenomenon makes favourable competition difficult for the less wealthy clubs, which are not able to buy top players at high market prices. This opportunity makes the wealthy clubs to source for the top players thereby hampering healthy competition in the industry.