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    • HOME
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      Uttar Pradesh Police book nearly 2,000 people for offering namaz on road

      Indian Govt imposes limitations on loudspeakers in Mumbai’s mosques

      India’s government faces no-confidence vote over ethnic clashes

      After SCO Quadrilateral Security Dialogue countries reject Indian allegation over Pakistan in Pehlgam attack

      Donald Trump elected US president in historic comeback

      Trump says Israel agrees to conditional ceasefire in Gaza, Trump

      Hamas attack kills 100 Israelis, Tel Aviv’s air strikes martyr more than 200 Palestinians

      Israel killed 95 Palestinians after bombing on aid sites, cafe, school in Gaza

      Pakistan downs 5 fighter jets, destroy brigade HQ in retaliation strikes

      India envoy blames political leadership for fighter jet crash in clash with Pakistan

      Pakistan congratulates Donald Trump for winning as US president

      Trump hopeful for Gaza ceasefire ‘next week’

      Children in Gaza surviving on bitter loaves made from animal feed

      Israel kills 549 aid seekers in this month

      Iran announces ceasefire against Israel, Trump declares its victory

      Iran arrests 26 more Israeli agents

      “ELECTION INTERFERENCE, KANGAROO COURT!” Trump says on indictment charges

      US to hold nuclear talks with Iran next week, Trump

    • BUSINESS
      Govt lifts import ban on non-luxury items under IMF condition, Miftah

      Pakistan notifies duty cuts on imported luxury items

      Karachi: FBR seals over 30 shops for tax, PoS violations

      PM applauds FBR for collecting record tax revenue

      NEPRA notifies increase in power tariff for Karachiites

      NEPRA approves Rs1.15/unit cut in domestic electricity tariff

      Govt plans separate tax policy cell

      Rs3.5 trln tax collected from Karachi in FY24-25

      Petrol prices likely to increase up to Rs13 per litre

      Petrol prices likely to increase in Pakistan

      PM Shehbaz denounces Israeli aggression in Gaza, Lebanon and Iran

      PM welcomes Bloomberg report on Pakistan’s economic stability

      PPP breaks National Assembly quorum after controversy over resolution against canal project

      NA passes Rs 17.57tr budget 2025-26

      Bilawal hopes to get justice in presidential reference against ZA Bhutto’s death sentence

      Bilawal directs PPP lawmakers to vote in favour of budget 2025-26

      World Bank approves $213 million in financing for Balochistan

      World Bank approves $194m for education, water projects in Pakistan 

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      Netflix star Kylie Page’s cause of death at 28 revealed

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      Sean ‘Diddy’ Combs convicted on prostitution counts, but cleared of more serious charges

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      US revokes Bob Vylan’s visas after Glastonbury chants

      Police found skin glow, anti-ageing drugs from Shefali Jariwala’s residence after her mysterious death

      Police found skin glow, anti-ageing drugs from Shefali Jariwala’s residence after her mysterious death

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      Brother of actors Yasir, Danish Nawaz passes away

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      With our sporting grounds deserted, Sporting sector suffers multi-billion dollars loss due to COVID-19

      Abdullah Waseem by Abdullah Waseem
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      – Abdullah Waseem

      As the global pandemic COVID-19 hits every sector of life, the field of sports are also worryingly impacted. Major sporting events, tournaments and leagues are postponed or cancelled in the wake of Coronavirus.

      The biggest sporting event which has been postponed is the Tokyo Olympics 2020 which was scheduled to be held in July in Japan. Olympics is world’s largest sporting event and thousands of athletes and sportsmen participate from hundreds of countries of the globe. They have been cancelled only for world wars in 1916, 1940 and 1944, and never postponed.

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      The organizing committee was initially quite hesitant and reluctant to postpone the games but had to take this difficult decision which is the need of time. The financial loss will be staggering and thousands of athletes will have to wait for next year for the games.

      Apart from the globe’s largest sporting event, many other significant sporting events and tour are also delayed or postponed. Major football events around the globe have been postponed which includes Euro 2020 and COPA America 2020. Sporting leagues of Europe, UEFA, English, Spanish and German league football tournaments and matches are also postponed. FIFA has also postponed few world cup qualifier matches.

      As the global economies cripple and every sector suffers huge losses in finance, the sporting sector will also face huge financial loses. The $160 billion sports sector will have serious ramifications of cancelation or postponement of sporting events. It will have consequences on teams, players, leagues, sporting organization and people associated to the industry.

      The ramifications of cancelling or postponing play are wide-ranging, from mundane considerations about competition to potentially serious financial consequences for athletes, teams, leagues and organizations, and the tens of thousands of people who work at sporting events.
      Depletion in tickets sale will hurt the small clubs and organizations and postponements of games is a major setback for broadcasting networks as their billions of dollars will be lost due to no live games and advertisements.

      Only Tokyo Olympics will cost $ 6 billion, this impact would apply both to the country which has invested heavily in making the Olympics a national showcase and to sponsor companies that have poured billions of dollars into sponsorships.

      National Basaketball AAssocition (NBA) is expected to suffer a loss of around $450 million.
      Football will also experience unprecedented losses due to cancelation of matches.

      Spanish football league LaLiga is estimated to lose 678.4 million euros, with 549 million from broadcasters. The sports sector could lose up to one billion euros in Spain amid coronavirus outbreak.

      UEFA’s cancelation of Euro 2020 will cost upto 400 million euros as the European championship generates 2.5 billion euros, with a lot of that coming from ticket sales and sponsors.

      As the global pandemic is set to reshape every sector of life, its consequences and results are yet to present a true picture of the sporting sector after it settles down. Let’s hope for a better future and our grounds filled with spectators.

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      Abdullah Waseem

      Abdullah Waseem

      Independent blogger

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