Russian Invasion is affecting Sports Economy.

[Zlantann]

Sports especially football is loosing money because of the Russia-Ukraine war. UEFA might loose Gazprom's €40 million (S$60.66 million) a year sponsorship  deal for moving 2022 Champions League final to Stade de France in Paris instead of Gazprom Arena in Saint Petersburg.  Schalke nine million euros ($10 million) per year in sponsorship deal have been prematurely cancelled due to Russian invasion.

Martial law has been imposed in Ukraine this means that all  domestic football league being officially suspended. This means that the clubs might loose money and players. Sponsorship deals might be cancelled because of economic challenges that most sponsors are facing due to the war.  Players and fans might also suffer from psychological problems.

The war would also increase racism. Russian players might be racially abused in other countries. While NATO country citizens might not be welcomed to Russia.

Clubs like Chelsea, Bournemouth, AS Monaco, Cercle Brugge and Vitesse Arnhem might be affected by sanctions because they are owned in full or partially by Russian oligarchs. Roman Abramovich revolutionized the EPL when he heavily invested in an average club Chelsea. He turned the club to a world-class football team winning five Premier League titles, five FA Cups, two Champions League trophies, three League Cups, two Europa League and one world club trophies.Currently, he might loose the club or be forced to sell it less passionate clients.    

World sports will indeed miss Ukraine and Russia.

https://guardian.ng/news/german-club-schalke-ends-partnership-with-russias-gazprom/

https://www.marca.com/en/more-sports/2022/02/24/6217963b268e3e1c4a8b4597.html

[paxmao]

I would like to correct the wording -this is not an Ukraine -Russia war, this is an aggressive invasion of Ukraine by order of Vladimir Putin. Most Russians did not get a say on this.

Now, the football is linked to the global economy and it is a leisure activity, which traditionally suffers when practically anything out of the ordinary happens: terrorist attacks, wars, natural catastrophes,... that is how it works so no surprise.

[livingfree]

It's the consequence of the invasion that they did to Ukraine. World Cup and as well as other big events made their decision.

Russia banned from World Cup, other major sports competitions amid war in Ukraine

Both currently are totally hit with their economy but soon, with these sanctions will surely hit more on Russia's side which includes majority sporting events.

[Zilon]

I just picture the ugly truth of the outcome of Putin's invasion on Ukraine. Firstly Russian Gazprom Arena in Saint Petersburg is already losing from not hosting the UEFA champions league final and also the racism that might follow afterwards from NATO governing countries make it unfit for Russians to dwell within those territories. This will also have strong effect on the economy as many intending companies might be forced to switch else where for business deals. Putin would have deployed a better approach other than instigating war

[ShowOff]

War is another reason why the sports economy is disrupted other than we've been through the same thing with covid-19. This was an unforeseen consequence for the Russian football team at the national and international level. The transfer of the Champions League final and the cancellation of one of the Europa League matches between Leipzig vs Spartak Moscow was a negative impact of the war, obviously this was clearly detrimental to the team concerned but this happened unexpectedly.

Perhaps not only sport will experience this impact but all other businesses will also suffer a similar impact for countries that are at war. The worst consequences on the economy are still possible in the future as long as this war has not stopped.

[MCVXYZ]

Who cares about sports economy during the devastating war? Clusters kill people everyday and do you think that sports economy is important to cosider?

[poldanmig]

It's the consequence of the invasion that they did to Ukraine. World Cup and as well as other big events made their decision.

Russia banned from World Cup, other major sports competitions amid war in Ukraine

Both currently are totally hit with their economy but soon, with these sanctions will surely hit more on Russia's side which includes majority sporting events.

Of course, each sanction will have its own impact on a country, but I think the sporting sanctions will probably not be too stressful for Russia, if the world football federation bans Russia from participating in the world cup just because it invaded Ukraine less than a week ago, then what about countries that have and are still invading other countries like America and Israel?
Can it be left without getting sanctions like what Russia is getting now, Or  are their really exempt from the sanctions that have existed so far?

[Scripture]

Who cares about sports economy during the devastating war? Clusters kill people everyday and do you think that sports economy is important to cosider?

There’s a big money in sports especially on the top leagues to technically it matters to someone, especially if you’re the owner of the team. Sports should not be affected only if the western government focus more on sanctioning the Russian government instead of private entities and individuals. This can affect more if the war continues.

[adaseb]

Its not only sports that is affected. This war has affected everything pretty much. Gotten fuel lately? Most likely you are paying the highest you’ve ever paid for fuel due to this war.

They also got Facebook, Twitter, banned. Some car brands are no longer selling there like BMW or Volvo. Some luxury fashion brands are keeping their shops closed. Even the Apple store is closed all over Russia.

It’s been a little over a week and it’s crazy how out of hand it’s gotten.

[Obito]

That's the least thing that anyone should be worried unless someone in this forum owns a team or owns a league that has Russian players or teams in them, compared to devastation that's being endured by Ukraine, it's nothing. There are people dying out there and this is OP's biggest worry?

[Wexnident]

It's not only sports though, a lot of industries and businesses are probably putting out sanctions by closing down their businesses or refusing to sell to their country. It's also idk, dumb? Since most of the ones that these sanctions affect are groups that aren't really related to the Russian government, basically hurting groups that aren't really part of the ones responsible for the current situation. Though well, considering the limited moves some organizations can make, it's probably the best one they have (other than helping Ukraine itself).

[Moneyprism]

although the sports economy suffered losses, it was not comparable to the losses suffered by Ukraine by the military aggression carried out by Russia

...and at this point no one really cares about the loss to the sports economy, because it's only temporary..

[romero121]

Its not only sports that is affected. This war has affected everything pretty much. Gotten fuel lately? Most likely you are paying the highest you’ve ever paid for fuel due to this war.

They also got Facebook, Twitter, banned. Some car brands are no longer selling there like BMW or Volvo. Some luxury fashion brands are keeping their shops closed. Even the Apple store is closed all over Russia.

It’s been a little over a week and it’s crazy how out of hand it’s gotten.

Russia could've never thought of such an action from all forms of business and services industry. Sports authorities acted fast, but this decision affects the sports industry within the country. Each and everything is on a chain process. If one gets affected automatically we can experience the same to continue with the rest. With time the attack is getting harder and no conclusions were got even after several rounds of bilateral talks.

[Slow death]

Who cares about sports economy during the devastating war? Clusters kill people everyday and do you think that sports economy is important to cosider?

I understand that in times of war people's lives come first, but we cannot forget that sport creates many jobs and moves a lot of money and with this war many people will be losing money they need to buy food and pay bills , football also boosts tourism, there are people who, when they go to watch games, stay in hotels and walk around and buy things and with this war and cancellation of games due to sanctions, many people are dying and others are being left with great losses

[michellee]

What should concern us are the innocent people who have fallen victim to it, especially in Ukraine. If money, business, assets, and so on are lost, that can still get it later. But if a life is lost, how can it be returned.

I believe many have suffered losses due to war, but the people suffer the most because they are homeless, unable to work as usual, and having difficulty buying food. The losses suffered by Ukraine were enormous, but so was the economy in Russia, which resulted in the termination of many cooperative relations or sanctions from some sports organizations.

[Tellek Garing]

Well, I quite understand what you are trying to say, the economic effect of the Putin military invasion of Ukraine has brought so much hardship to football and athletic games and personals.

So many sanctions have gone ahead with FIFA banning Russia from the 2022 FIFA World and so many football matches with Russian canceled, I know the devastating effect of this on football there is never gain in war I call for peace always.

[gantez]

Sports especially football is loosing money because of the Russia-Ukraine war. UEFA might loose Gazprom's €40 million (S$60.66 million) a year sponsorship  deal for moving 2022 Champions League final to Stade de France in Paris instead of Gazprom Arena in Saint Petersburg.  Schalke nine million euros ($10 million) per year in sponsorship deal have been prematurely cancelled due to Russian invasion.

Is unfortunate to see that Russia will be loosing out from hosting the final of the champion's league and I don't think Putin considered some of the economic effect of his decision and maybe too he didn't see it coming this way to Russia. Hosting of champion's league final would have bring smile to the faces of many business owners including transportation would have a push and the little difference in cash flow too, but no more will they see this. Clubs owners home and abroad from Russia will loose more in this and the footballers will be treated with hate after this invasion.

[SyndicateLabs]

We will still see many different effects from this war. With the reciprocal developments, no one will be happy. They all need to accept their mistakes and lose something before they find it right. I don't like how countries torture themselves like that. Instead of developing together, they choose to benefit, materialize, and destroy each other.

[Ararbermas]

What should concern us are the innocent people who have fallen victim to it, especially in Ukraine. If money, business, assets, and so on are lost, that can still get it later. But if a life is lost, how can it be returned.

i agree, if life is lost it can be returned anymore even you have a lot of money. So the safety of many people is the most important on such situation not money and events or whatsoever.

Infact there's always a right time for that event and that war is just a temporary situation. So they need to focus what situation they are facing right now instead of thinking any stuff which unnecessary at the moment.

[Fortify]

Sports especially football is loosing money because of the Russia-Ukraine war. UEFA might loose Gazprom's €40 million (S$60.66 million) a year sponsorship  deal for moving 2022 Champions League final to Stade de France in Paris instead of Gazprom Arena in Saint Petersburg.  Schalke nine million euros ($10 million) per year in sponsorship deal have been prematurely cancelled due to Russian invasion.

Martial law has been imposed in Ukraine this means that all  domestic football league being officially suspended. This means that the clubs might loose money and players. Sponsorship deals might be cancelled because of economic challenges that most sponsors are facing due to the war.  Players and fans might also suffer from psychological problems.

The war would also increase racism. Russian players might be racially abused in other countries. While NATO country citizens might not be welcomed to Russia.

Clubs like Chelsea, Bournemouth, AS Monaco, Cercle Brugge and Vitesse Arnhem might be affected by sanctions because they are owned in full or partially by Russian oligarchs. Roman Abramovich revolutionized the EPL when he heavily invested in an average club Chelsea. He turned the club to a world-class football team winning five Premier League titles, five FA Cups, two Champions League trophies, three League Cups, two Europa League and one world club trophies.Currently, he might loose the club or be forced to sell it less passionate clients.    

World sports will indeed miss Ukraine and Russia.

https://guardian.ng/news/german-club-schalke-ends-partnership-with-russias-gazprom/

https://www.marca.com/en/more-sports/2022/02/24/6217963b268e3e1c4a8b4597.html

Some things are more important than money - the lifestyle of free and democratic people are being tested with Russia's invasion of Ukraine. This country posed no threat to Russia, except showing how it's possible to exist without corruption and oligarchies infesting your future, without crushing state censorship and dictator worshipping. Whatever the outcome, Russia has shown it is not run by a sane and competent man any longer, Putin has vastly miscalculated and it seems a stubborn old age wickedness has started to seep in. He has lived the last couple decades with very little opposition in his country, everyone is afraid to say no to him, so this country is doomed to fail and will stay as a hollow shell until he leaves power.