Sports field is interlinked with other sub-sector starting from the equipment production to the sports event management. A merger deal between various subdivisions in the field will help to gain huge benefits for the investors says Hirav Shah
What is a merger ?
A merger is an official agreement between two existing companies to develop into a brand new entity to expand the reach and gain more value in the market. The consolidating of various entities usually happens with a strategic plan to throw a tough challenge to the other leading companies/organization in a particular field, says business Astrologer and Astro strategist Hirav Shah
Coming to the sports industry, it is the field where various activities, business people and organisations come together in producing, promoting, facilitating any business entrepreneurship or model related to sports.
As any kind of activity in the sports field is interlinked with other sub-sector starting from the equipment production to the sports event management. In the given case, a merger deal between various subdivisions in the field will help to gain huge benefits for the investors says Hirav Shah
The sports structure in India
Coming to the sports structure in India, though Hockey is our national game, the importance for domestic professional sports is growing by each passing year, says business Astrologer and Astro strategist Hirav Shah
It is the reason why sports in our country means the collaboration of a large variety of games ranging from tribal to mainstream sports such as cricket, badminton, football etc.
The launch of sports leagues like Indian Premier League ( IPL), a new format named Twenty20 cricket, Indian Sports League and I-League related to football, the pro-Kabaddi League, the Hockey Indian League, Premier Badminton League, the Pro Wrestling League, Table Tennis league, Pro Volleyball League, The ultimate Kho-Kho league has created a lot of space for the Sports industry in India.
On the other hand, the craze for rich man’s game Golf is also seeing significant growth from the past few years in our country as the franchises are coming forward to promote it in a big way by spending big bucks. Though cricket enjoys an everlasting huge craze among Indian citizens the current scenario looks favourable for other regional games like Kabaddi, Wrestling also.
Sports industry market statistics in India
Being one of the largest industries across the globe in terms of employment and revenue, the Sports industry in India is emerging as one of the good revenue-generating sources.
Compared to the past scenario, the industry has been witnessing a stable growth from the past few years. After the establishment of premier league culture, the industry has become strong career security for various sections such as coaches, trainers, athletes, event managers, Professional Sports promoters, sales and production units, event consultants and Sport Sponsorship Specialists.
Currently, the sport’s contribution to India’s employment is less than 1% but the things are not going to be the same in the coming years, according to Hirav Shah.
How about a merger between various verticals in the sports industry?
If merger proposal is locked between various service providers in the sports industry such as sales, sports consultants, event managers and production units, the result will be beyond imagination as all mainstream channels form as a single service provider and offer quality assurance and on-time delivery security, says business Astrologer Hirav Shah
As the sports market has the potential to compete with major revenue-generating IT industries and provide employment for more number of employees, a healthy merger deal between various service providers in the sports industry is a wise idea to implement, says Astro strategist Hirav Shah. But before going ahead with the merger agreement, approaching a business Astrologer, who can provide authentic information on when and where to invest will be helpful for the enthusiastic dealers.