Does Market Size Dictate Outcome in Sports?

Whether Market Size Dictates Outcome In Sports
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Whether Market Size Dictates Outcome In Sports
The impact of market size on sports performance is one of the most debated aspects globally. Various research has established a relationship between sports team outcomes and market size. This paper shall evaluate whether market size determines outcomes in sports.
Market size is crucial in sports since it significantly determines results in sports. Notably, a sports club with a big market size attracts the best players worldwide (Kumar & Bhalla, 2021). With the presence of the best players, such clubs can easily secure wins during games. For instance, New York Yankees is one of the largest baseball teams in America with global recognition. In addition, this team has one of the largest market shares globally. As a result, it has attracted the best players to join its club. As a result, this team has a higher winning chance due to its ability to attract the best baseball players. In brief, market size dictates outcomes in sports.
Big market-sized teams have a strong financial base which greatly determines outcomes in sports. In sports, reve...