LeBron.. He's Home.. But at a GOOD Price..

LeBron James and his epic return to Cleveland after 4 season with the Miami Heat has been the talk of the sports news especially with the NBA season underway. The city of Cleveland isnt just happy they got their "home town hero" back, they are more happy with the business side of things. The Cavs only sold 20, 562 tickets last season per game. The averaged ticket price was around $55.95. This resulted in a $47.2 million dollars in ticket sales. Those totals are yet expected to double maybe even triple if the  Cavs advance to the post season. 

But even outside of the CLeveland orginization, The business owners in the city and around the sporting complex are expect to have a raise in total revenue. With the arrival of LeBron James it is expect that sports bars, bars, and your normal returants that broadcast the game on TV will show a rise in sales during basketball sesason. It is expect that all the business within a 5 mile raduis will expericence a profit gain of 4%-16% over the course of the season. 

 With Christmas shopping on the rise it also seems that sports apperal stores in the area of the staduim that sell Cvs gear and LeBron jerseys will see a rise in sales over this holiday season. LeBron's jersey is the most bought jersey in the entire NBA, with this label it is certain that this will boost totoal revenue for local business that sell the sports apperal. 

 

Brazil Lost the World Cup but, Ultimately Won in the End...

As we all know this past worl cup was held in the beautiful country of Brazil. Even though Brazil los the worl cup they did ultimately win. The reason why behind this is that Brazil had over 1 million foreign tourist visit during the month long festivities of the World Cup. The contry only predicted about 600,000. This was a sure growth in the countrys economy for just one month. The local Businesses, Hotles, Shops, Grocery Stores and others all saw a significant increase in sales and profit from the 1 million foriegn travelers.

But the biggest and most unexpeected number was the number of Brazilians that traveled within the country itself. They expected around 2.4 million Brazilians to travel from place to place to see each game, but it was a whopping 3 million that traveld within their own country to see all the soccer games. 

Now you can say that this didnt effect the economy like the forgien travlers did. But it reality the Brazilians who traveled within their own counrty had the biggest impact of all. This is because they needed to eat, drive from place to place, pay for gas, if they were not driving they took a bus that they probably needed to pay for. 

So as I conclude this blog i found that Brazil in the end ulitimatly won. 

Moroccan Futbol Team struggles due to Ebola

The Moroccan soccer team has struggled latley due to the Ebola outbreak. This virus has swept the entire world by a strom, not just effecting lives and family, now its efecting the sports world as well. WIth the recent outbreak in Africa and the spreading of this deadly desiase, it has come to Morocco and effected the National Soccer team and affecting its chances of qualifying for World Cup qualifiers i years to come. 

SOme people say that Morocco never had a chance to qualify anyway, but its noy just effecting its soocer team. This is effecting the nations tourism from  the surrounding countires and all over the world, which means a lower profit for all hotels and businesses in the area. Mostly, the ticket sales for the games are at a al time low. The stadium isnt mking enough money to opperate with a full staff, they needed to lay off about 300 employees to make it work with the stadiums income. 

Now on to the soccer team part, it is efecting them because the games they are needing to play are being cancled or post poned. No country will bring their team to Morocco and risk the chance of Ebola. FIFA has announced that the games missed by the Moroccan National team can and will be made up on a later date after all the players and staff and the surrounding area has been cleared of Ebola. 

How Major League Sports Relate to Economics

In major league sports it depends a lot on lacation. When new players go into free angency each year there are a few factors that each player considers before making a move back to his original team or a new team. This realtes to economics because of how each city has its own eonomic factors, Like New York for example, it is a very well known place for publicity and fashion and big names. Another place that could be considered would be Los Angeles, this city is the exact same was as New York. Big, Bold, and Glamorous. 

Now, dealing with majoor league sports and players, bigger cities are financially stronger. On average,  the better teams are in bigger cities, they are also finacally stronger. This is because the revenue is so much bigger in the cities that are bigger. 

The big market teams in any sport are more likely to land the "Big Time" or "All Star" free agents. This is due to the ammount of hype and attention the athlete will get. The more attention a athlete gets, the more money he/she will make. Its a game inside of a game and free agaency is always something fun to watch unfold.