Not enough people talk about the real market movers in athletics which are sports governing bodies.
Whether it’s the Olympics, World Cup, or an international game these entities are at work.
Role of SGB’s
Sports governing bodies play a crucial role in overseeing and regulating the world of sports. Their primary mission is to ensure fair play, integrity, and the overall development of their respective sports.
These organizations establish and enforce rules and regulations, which not only maintain a level playing field but also prioritize the safety of athletes. Moreover, sports governing bodies organize and promote various competitions and events, fostering a competitive spirit and bringing fans together.
They also work on enhancing the accessibility and inclusivity of sports, promoting youth sports participation, and encouraging talent development.
Through their efforts, sports governing bodies contribute to the growth, recognition, and enduring popularity of sports on both national and international scales, making them an essential cornerstone of the sports ecosystem.
5 Different Types of Sports Governing Bodies
5. 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐩𝐨𝐫𝐭𝐬 𝐅𝐞𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬
Non-governmental non-profit organizations for a given sport create a common set of rules, promote their sport, and organize intl. competitions.
Ex. FIFA, ICC, UWW, FIBA, etc
4. 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐆𝐨𝐯𝐞𝐫𝐧𝐢𝐧𝐠 𝐁𝐨𝐝𝐢𝐞𝐬
Same objectives as those of an international federation, but within the scope of one country, or even part of a country, as the name implies.
Ex. USA Basketball, NOC
3. 𝐓𝐫𝐮𝐬𝐭𝐬
Organizations or groups that have control over the money that will be used to help someone else.
Ex. Youth Sports Trust
2. 𝐄𝐯𝐞𝐧𝐭 𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐞𝐫𝐬
Multi-sport event organizers are responsible for the organization of an event that includes more than one sport.
Ex. IOC
1. 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐋𝐞𝐚𝐠𝐮𝐞𝐬
The highest level of play in sport, specifically if they consist of the best players around the world in a certain sport.
Ex. NBA, IPL, MLS, EPL, NWSL, etc
Growth of Sports
𝘼𝙨 𝙨𝙥𝙤𝙧𝙩𝙨 𝙜𝙧𝙤𝙬 𝙖𝙘𝙧𝙤𝙨𝙨 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙 𝙨𝙤 𝙙𝙤 𝙩𝙝𝙚𝙨𝙚 𝙚𝙣𝙩𝙞𝙩𝙞𝙚𝙨…
The International Olympic Committee (IOC) went from 12 → 700 staff members between 1968 and 2022.
IOC posted $7.6B in revenue for the last Olympic period.
