Most people are now familiar with eSports and people younger than 40 have almost definitely had a discussion regarding eSports with friends or acquaintances. When eSports started gaining traction, the very inclusion of the word “sports” in the context of videogaming was enough to lead to mockery and sarcasm. Generally, discussions orbiting around eSports spark controversy. The success of eSports lies—partly—on the fact that the industry tapped into a market that simply did not exist before, as gamers are not the first thing that comes to mind when one thinks of sports professionals or fans. Whether you love it or hate it, it does not matter anymore; eSports is on the up and up and one needs only turn to the numbers to understand the extent of its success.
Money Smart Athlete Blog
The aim of the Money Smart Athlete Blog is to provide athletes worldwide with the tools to become money smart and help them make savvy financial decisions. We created this blog to transmit and share the knowledge we have accumulated as financial and business advisors during the past two decades.
Over the last decade, the eSports industry has experienced phenomenal growth, leading people to question the conventional definition of sports, one that assumes the involvement of physicality. In short, one side argues that eSports do not necessarily constitute a sport because they lack the physical aspect that we’re used to seeing in sports such as basketball, football and others. On the contrary, the other side suggests that eSports, through their competitive nature, as well as their ability to entertain, should definitely be included in the bucket of sports. In this article, we don’t seek to take part in this debate but rather explain why eSports, through their financial outlook and popularity, are here to stay.
Video games were considered a waste of time by the majority of parents who saw their children spending an excessive number of hours in front of a screen, with a controller in their hands, instead of studying for school. Nowadays, there are people who quit their 9 to 5 jobs to become professional gamers and earn up to six figures per year. This form of competitive video gaming, where teams or individuals compete against each other, mostly in online tournaments, to earn prize money or other benefits, is called Esports.
Electronic Sports, commonly known as Esports, have been gaining a lot of ground during the past decade. Esports has been experiencing huge popularity during the past few years because, among other things, it is considered a far more inclusive sport than other sports where there is no gender, age, race or any other discrimination: Everyone has the potential and can train to be a professional gamer.
In an era of mass commercialization, where the desire for profit and power become the main drivers of one’s actions, we seek to understand what keeps athletes from going astray, what keeps them focused in their goals and prevents them from losing sight of their game. From a very young age, athletes develop moral values, as well as character traits, that guide them through life, through the tough as well as the good times. In this article, we seek to explore what these values and traits are and why athletes develop and stick to them. Specifically, we will begin by trying to understand what values and traits are, how one develops them and how sports through their nature, grow some specific values and traits in every athlete.
The younger you are the more hopeful you are and the more hopeful you are the wilder dreams you have. When kids are young their imagination runs wild and they all want to become famous and great. They want to become football players, basketball players, astronauts, race car drivers and so on. Dreams are good and a fundamental aspect of being a child, however, as your kids get older you have to slowly pull them to reality, without of course crushing their hopes and dreams.
We have previously discussed the importance of parents helping young athletes excel both academically and in the sports field; a sporting parent can offer emotional support, practical time management tips and encouragement for their child to realize their potential in a healthy manner. It may sometimes be difficult for a young athlete to combine their education with a sport and, at times, it may feel like the two areas are competing priorities. However, with the right attitude, they can enhance each other; helping your child learn to balance school and sports is a lesson that will serve them well through adulthood.
A time comes when parents have to decide, along with their child which educational path they will follow, and that decision can greatly determine their child’s future life. But, equally important for a child’s long-term happiness and prosperity, is their physical well-being, which can be achieved through their participation in sports.
Usually, when we hear the word “environment”, the first thing that comes to mind is our ecosystem. However, there is also the artificial environment that we create within our societies that encompasses anything that involves human and social interaction and affects our decisions and our personality.
Athletes particularly the most successful and famous ones have an army of advisers behind them, regulating their every move and advising them on various aspects of their lives ranging from investments to public conduct. Nonetheless, a certain degree of financial literacy is still vital irrespective of how many advisers an athlete has at their back or who those advisers are. At the end of the day, nobody cares as much about your future as you and you should never delegate the handling of your interests entirely to your advisers. Hence, the relationship between financial literacy and your team of advisers should always be seen as complementary and not as substitutive or mutually exclusive.
The reward for athletes who reach a top level in their sport, does not only come in the form of public recognition and a display case full of medals. Most professional athletes are privileged with earning what an average person earns in a lifetime, in just a few years. Many will squander this money away in a short time, but others will make the right decisions, including investments, that will allow them to retain their financial freedom and security after their retirement.
By Athena Constantinou, APC Sports We often see that the commitment and dedication athletes give to their sport is not the same when it comes to their personal finances. The lack of basic financial knowledge has so far resulted in a substantial number of athletes...
This month we celebrate financial literacy and the positive impact it has on athletes. We discuss how building strong financial foundations can positively affect the lives of athletes and we stress the importance of building such a foundation. The financial...
By Rena Afami, APC Sports Sponsorship in sports is a marketing technique for brands to generate brand awareness and customer loyalty by investing in athletes either individually or in groups. Male athletes have always dominated the industry and it is apparent that...
By Iacovos Iacovides, APC Sports When we think about women who fight for equality in sports, we tend to think of Megan Rapinoe or Nneka Ogwumike or other athletes of our generation. However, one can find numerous instances in history where women defied conventional...
By Niovie Constantinou, Contributor In the 20th century, women were underrepresented in the sports industry, while the idea of female entrepreneurship would seem ambitious at best; what about female athletes as entrepreneurs? Unheard of. In the last fifty years...
The athlete’s brand as a term is somewhat ambiguous and hard to pin down. In the past couple of decades, we’ve witnessed a marked rise in the visibility, demand and popularity of female sports with a series of factors driving this trend. Part and parcel, is the emergence of ever-powerful female athlete brands. Some examples are Serena and Venus Williams, Maria Sharapova, Alex Morgan, Megan Rapinoe and Ronda Rousey
Despite the fact that women have been able to access sports in growing numbers during the past few decades, only a few women have managed to access and hold senior leadership positions in the world of sports.
The difference in pay between athletes can vary by millions of dollars and this difference can be justified by their different levels of skill, popularity and quality. But when it comes to women athletes, they seem to be paid at a whole different scale from their male counterparts in the same sport, to such an extent that even the examples seem hard to believe.