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Government Subsidies for Professional Team Sports in Australia
Author(s) -
Wilson John K.,
Pomfret Richard
Publication year - 2009
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.2009.00536.x
Subject(s) - subsidy , attendance , government (linguistics) , revenue , sport management , business , professional services , public relations , marketing , government spending , economics , political science , finance , economic growth , welfare , law , linguistics , philosophy
Professional team sports represent an important aspect of Australian life. Interest is great, and a significant portion of household expenditure is directed toward sports‐related goods and services. Based on international comparisons and on the size of attendance and television revenues, the sector should be highly profitable. Yet, significant amounts of public funding and regulatory exemptions are afforded to team sports in Australia. This article analyses the magnitude and reasons for government spending that subsidises professional team sports.