Most expensive sports – An organization usually governs sports to use members’ physical skills and resources to achieve a common goal. The following are the 10 most expensive sports ever.
The list of most expensive sports includes
Formula 1
The estimated cost is 1 billion dollars per season = 2010 USD (USD is US dollar). Depending on whom you ask, Formula 1 is the most expensive sport in the world. The total number of teams has increased to 20 official entrants, but some estimates put this number at as high as 26 when all the teams are included (Formula 2). Initially, the teams were financed by wealthy individual enthusiasts like Gian Carlo Minardi and Teddy Yip.
In recent years the major car manufacturers have come to dominate, with Ferrari, McLaren, and Mercedes spending a combined USD 1 billion on their racing programs. From the mid-1990s to 2008, Bernie Ecclestone was in charge of F1’s commercial rights and owned 25% of them. In early 2009 he sold his remaining stake in the business for USD 375 million, bringing his two decades at F1’s helm to an end. F1 offers the world’s richest prize money, with the winner of each race earning USD 100 million.
It was in 1974 that Bernie Eccles tone began his career in motorsport as the chief executive of the Formula One Constructors Association (FOCA). At FOCA, he oversaw the distribution of television revenue for the competing teams. He also negotiated team agreements and helped to manage contractual disputes between races.
In 1992, Eccles tone was one of three founding partners of Grand Prix Management (GPM), a company that became FOCA’s successor company. Until 2001, GPM controlled all operations during races and afterwards was responsible for revenue distribution to teams regarding sponsorship agreements and trackside advertising.
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The Whitianga Festival of Sports:
The Whitianga Festival of Sports is a traditional football competition, as well as a festival featuring such sports as “Tiddaliga”, “Kabakua”, and “Karanda”. The festival has been held in Sorang – Ambon island village every year for more than a century. However, until 1999 this was the only one of its kind on the island. A particular highlight is the traditional football match between Karanda and Kabakua communities, whose players take on each other with traditional weapons such as arrows, spears, or swords.
Sailing:
Sailing is the oldest of all sports. Ancient Egyptians and Babylonians had coarse sailing skills. The ancient Greeks used cithara for training, and there are descriptions of board games that give an idea of the sport’s early development. However, the first attempts to use sails were probably in Egypt, where linen was employed in rafts to assist with transport on the Nile.
These rafts also brought on board gear such as tents. The Egyptians also constructed canoes that carried up to 12 oarsmen each, including one to row ahead of the craft using a steering oar; this was common practice in Egypt until well into the Ptolemaic period (323-30 BC).
Polo:
Polo is an equestrian game developed in central and eastern Asia during the Middle Ages. It has been played on horseback or on a field; traditional fields used for the game are either in the form of football or rectangular. The game has been played in China since around 600 CE under the name ”’ chutney”’ and in India since about 1200. Polo is thought to have originated from nomadic horse riders called “Mongols” who galloped about in loose formation and had no set rules of play.
Equestrian:
Equestrian is a form of competitive horse riding and is part of the Olympic Games. It originated in Ancient Egypt with chariot races and has continued to this day with various forms of competition. The first equestrian event at the modern Olympics was held in Paris during the 1900 Summer Olympics. Equestrian events have been held at every Summer Olympic Games except for two exceptions: 1920, when they were held indoors, and 1980, during the Winter Olympics. It is correspondingly one of the most expensive sports.
Basketball:
Basketball evolved from a slightly different game called ‘’’football”” which was popular in Britain during the 19th century and involved no ball bouncing. Basketball began in 1891 in the United States. James Naismith, a young Canadian physical education instructor, created the sport at a YMCA training school while trying to keep his gym class active on a rainy day. Shortly after inventing the game of basketball, Naismith went to teach at the International Young Men’s Christian Association training school in Springfield, Massachusetts.
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Tennis:
Tennis is the most popular individual sport in the world. The game is played on a rectangular court, with each player using a racket to strike a padded ball in play. Tennis originated in Britain and was originally called ”’rackets”” and “Lawn Tennis.” During the 1860s and 1870s, several sports became famous, including croquet, soccer, and cricket, which required similar equipment to the game of lawn tennis, which was soon named by authorities after – The lawn Tennis Association (LTA) Rules.
Ski Jumping:
Ski jumping is a sport where athletes take turns jumping off large hills of varying sizes. Skiing has existed for centuries and is estimated to have been developed by the Mongolian nomads around the 8th century. The first ski jump was built in Norway in the early 18th century. Ski jumping was added to the Olympic program at the 1924 Games in Chamonix.
Shooting:
Shooting is an activity requiring proficiency in handling various types of guns; there are many different types of guns used, such as rifles, pistols, and shotguns; each type of gun requires a different level of skill and training to operate safely.
Golf:
Golf is a sport that involves hitting a ball with a stick into a hole. The first golf course was constructed in Scotland during the 10th century. Although golf is played on courses with varying lengths and widths, it is also played at various locations worldwide. The IOC recognized golf as an official sport in 1900, and has been an Olympic event since the 1900 Paris Olympics.
Canoeing is similar to kayaks, but the design of canoes and kayaks differ considerably; canoes have a sharper bow, wider widths, and more narrow bottoms than kayaks; the paddler sits more upright on their hips when sitting in a canoe or kayak. Unfortunately, it is also one of the most expensive sports.
