Topic: Russian Invasion is affecting Sports Economy. (Read 407 times)

Well here is something like a socio-economic scheme, Putin knows very well that the sanctions by many countries are seeing them as war enemies, this is something that cannot be ruled out, for now sports, especially Russian athletes, are suffering a lot , because this generates a high Xenophobia that spreads worldwide and the athletes are not interested in waging war, but rather in participating, in winning, in establishing more experience, the Russian team was removed from the World Cup, something that I do not agree with, because Sport is one thing and they totally politicized it, but now in boxing, as much more money is managed, it has not been prohibited, which I hope they will not continue, because sport is something very different from politics.

The Russian economy was already in a declining state. At least the current situation has exposed many other problems. (centralization/fake decentralization/...)

Putin couldn't have attacked Ukraine without preparation, he must have heard a lot of advice before carrying out the invasion.  economic sanctions or sports will not affect his decisions significantly, he is an iron-fisted leader, ukraine is a victim of war from the US and russia.

Even I see that Putin does not care about the many sanctions imposed on Russia,
surely the existing sanctions are aimed at weakening the Russian economy but it doesn't look like it will be that easy,
what is certain is that Putin is really ready for everything that will happen later

Sports economy no longer stand aside or hesitate with the apolitical or neutral principles that have been maintained so far to come to a quick decision to remove Russia from the world sports movement because of the war of aggression comb.

The unprecedented sanctions against Russia in the field of sports are also aimed at Russia's economic interests, contributing to further isolating Russia in the world because of the invasion of Ukraine.
 
But the question is, will these sanctions deter the Russian president? Most experts believe that on the contrary, the more sanctions the West imposes, the worse the Russian president will act. Sports sanctions only add to international diplomatic sanctions. Russia is becoming more and more isolated politically, economically, and then sportingly.

I believe the nickname comes from the Ukrainian woman as per this video.

https://www.cnbc.com/video/2022/03/07/putin-is-a-war-criminal-the-antichrist-says-ukrainian-woman.html

UN can't retaliate violently here, they have other considerations before they will assist Ukraine and it may not be the same violence.
Ukraine seems not giving up even if they are losing manpower and weaponry. Seems that neighboring countries are helping on their own ways.
But they can't wage war over Putin for some other reasons. We just hope that Putin will stop as the whole world is watching.

can you give me a link of information that putin is nicknamed like that? good any media. I don't understand that far about the conflict there, many have criticized in various countries about this heroic action, how not, this so-called opponent seems to have given up but the attackers continue to bombard ruthlessly, we have the United Nations which we must unite. much more than that please give me more information, about putin and this aggression. if there were no statements about an indication of state defense for war, there would probably be no loss of life and the economy would remain stable

The people of Russia have been thinking for too long what to do with such economic-destroying sanctions. Now every day of their inaction throws the Russian economy back for months, or even years in development. Losses due to the impossibility of the participation of Russian athletes against this background already seem like a trifle.
Today there were negotiations between Russia and Ukraine at the level of foreign ministers, and again to no avail. Russia even refuses to stop shelling the peaceful cities of Ukraine. Therefore, the sanctions will only increase and it will be fair. Either the people will remove their evil dwarf Putin (now Putin is already called the Antichrist, whom Nostradamus also mentioned), or they will suffer even more, and in several generations.

Inflation is one thing, and that is mainly caused by the stagnant economy getting pumped by printed money which resulted with banks and rich people to get richer and poor people barely saw any of that, and anyone that did, just bought the needed things to survive and not just get rich. However, what people are missing out here is that we are talking about Russia having big sanctions now, that is different than inflation, it means that there will be some lack of products coming from there. From energy sources to oil to even as simple as wheat as well.

So, when West can't get that for cheap, or when Russia fails to sell those, it will be a horrible period for everyone involved. Not having money can be fixed one way or another, but having money yet can't buy the things you need is much worse.

It's hasn't hindered the growth of the worlds economy in any way, else it has done more harm to all Russians in different sector's, both those that are directly involved and those that are not have suffered greatly from sanctions placed on them.
In several sports, they all Russians involved has been removed one way or the other from participating, in other to avoid those directly I with money laundering to Putin.
My prayers are for all of this to come to an end! Football from different league's has demonstrated they don't want to be part of the war.
Please Peace

You are right. This is the repercussion of Putin's impulsive and aggressive move against Ukraine. Putin could have addressed it better, but he chose to resort on violence instead of being diplomatic. This is just one of the many possible results of invading the territory of Ukraine and wreaking havoc. Sports would definitely be affected just like the other things and matters at hand. No matter how the citizens of Russia want sports event to continue just the way it was before, it won't happen because the decision would be impose generally. In addition, there are sanctions made for their military to make a step back and pull out, but from the news circulating, Putin is showing no remorse and not really thinking of raising the white flag. This would certainly impact the sports team, players, coaches, and sports fans not only in Russia, but in most part of the world since some events are being hosted in the same country.

Let's just hope for the betterment of Russia and Ukraine. Hopefully, the conflict between them would be resolved as soon as possible to reduce further damages in many aspects.

That's right.

This is going to affect globally, not just the sport. But we must also think that even shortly before the COVID we already had economic problems in most developed countries, derived from a massive printing of currency and that the war will only exacerbate them, but it will not be the only cause as they will try to sell us. Inflation, for example, started before the war, only now it has increased.

This is just one of the consequences of this unnecessary invasion. But I suppose this is one of the milder impacts. While this is also significant as it involves revenue and sports economy, this proves small compared to the destruction of lives and properties and Ukraine's economy.

This proves that Putin's mad call has tremendous effects on all aspects of life. Not only are people losing life and limb, homes, jobs, properties, they are also losing livelihood, education, and leisure. Their entire existence is shattered. And for what?

this makes people really think, indeed I think losing a sponsor is also something that no one wants, funding is stopped from as usual, what other friends say about wealth, throne and even an attitude, not everyone may agree with conflicts that occur according to their respective logics, I know that outside of sponsors, the economic inflow from this sport may be quite large because there are quite a lot of fans and are in various countries. Even if we fight this situation alone, it's useless, I'm sure sport has its own rights in any country

Unfortunately, that's the reality of life and there will always be bias in this humanity.
A lot of these wealthy people got their position in some illegal ways, one way or another.
But who are we to judge about their riches? And now, some of these Russian oligarchs are receiving sanctions.
We don't know to what extent, but in some way, they are being punished also because of what is happening today.
We can't expect fairness in this society. What we can do is just to live our own lives in rightful manner.

I would say this is a good thing. I wish that nations actually cared about all the "bad people" as they did with Russian oligarchs though. Everyone loves abramovic and how he helped Chelsea to become a great team, but nobody questions the dirty ways he got that money. You may believe that he was a good person, but he was a terrible person all around, the way he became this rich was corruption from top to bottom.

However, we have people like Saudi Arabian princes that kill journalists that recently bought newcastle and already spent 100+ million on transfers and everyone cheers them. So, either ban all the "bad" money, or ban nobody. If sports keep being this selective then it is not going to be good for anyone.

The sanctions work like this. If X country wants to sanction Y country he may consider private entities and individuals, Because there is no country in the world without its citizens,therefore I think this sphere will be affected by those sanctions more and more.

I am not aware of these connections between Russian investment and these football clubs but to have sanctions on these investors is ridiculous just because of political reasons is not fair for the investors. No one was able to invest in them when they were struggling financially and hence they invested in those clubs and to takeover that investment citing political reasons is ridiculous.

For now, I only know that additional western sanctions will cover both individuals and countries, which means that for individuals they can single-handedly point to Putin being applied by the sanctions, part of the sanctions large applied to the whole country of Russia.  Political conspiracy will be an extremely difficult problem when the benefits and destruction are very fragile when the real war has been created.  I hate to say this but sanctions are not a bad idea for Nato or the west in terms of interests.

It's hard to see people suffer from loss of sponsorship deals and contracts just because their clubs are partly owned or affiliated with Russian oligarchs. No one of them wanted the conflict/invasion to happen, but they're still affected like the millions of other citizens in Ukraine. I'm expecting that the isolation of Russia from the rest of the sports world will continue until the conflict/invasion is over, which I think wouldn't happen any time soon.

The people of Russia will surely try and break free from Putin's grasp, like a revolution or something, if they continue to get involved on troubles that they aren't even a part of to begin with.

In the case of Russian sports, sanctions are imposed for not being able to fly the flag at international sports championships, besides that their national anthem is also prohibited from being sung. but I also think that overall the world's sport is still unhindered. it could even be that access to foreign countries in all cases will be closed later, this is for the weakening of the Russian economy

Not only with sports but actually almost all since there are so much things got affected for this war. We can feel it and inflation rise up since the price of oil became more expensive. But it didn't actually affect the whole sports market because maybe there are certain of them got affected due to the sanction but majority of sports event running good especially on outside of Russian territory.

Some things are more important than money - the lifestyle of free and democratic people are being tested with Russia's invasion of Ukraine. This country posed no threat to Russia, except showing how it's possible to exist without corruption and oligarchies infesting your future, without crushing state censorship and dictator worshipping. Whatever the outcome, Russia has shown it is not run by a sane and competent man any longer, Putin has vastly miscalculated and it seems a stubborn old age wickedness has started to seep in. He has lived the last couple decades with very little opposition in his country, everyone is afraid to say no to him, so this country is doomed to fail and will stay as a hollow shell until he leaves power.

i agree, if life is lost it can be returned anymore even you have a lot of money. So the safety of many people is the most important on such situation not money and events or whatsoever.

Infact there's always a right time for that event and that war is just a temporary situation. So they need to focus what situation they are facing right now instead of thinking any stuff which unnecessary at the moment.

We will still see many different effects from this war. With the reciprocal developments, no one will be happy. They all need to accept their mistakes and lose something before they find it right. I don't like how countries torture themselves like that. Instead of developing together, they choose to benefit, materialize, and destroy each other.

Is unfortunate to see that Russia will be loosing out from hosting the final of the champion's league and I don't think Putin considered some of the economic effect of his decision and maybe too he didn't see it coming this way to Russia. Hosting of champion's league final would have bring smile to the faces of many business owners including transportation would have a push and the little difference in cash flow too, but no more will they see this. Clubs owners home and abroad from Russia will loose more in this and the footballers will be treated with hate after this invasion.

Well, I quite understand what you are trying to say, the economic effect of the Putin military invasion of Ukraine has brought so much hardship to football and athletic games and personals.

So many sanctions have gone ahead with FIFA banning Russia from the 2022 FIFA World and so many football matches with Russian canceled, I know the devastating effect of this on football there is never gain in war I call for peace always.

What should concern us are the innocent people who have fallen victim to it, especially in Ukraine. If money, business, assets, and so on are lost, that can still get it later. But if a life is lost, how can it be returned.

I believe many have suffered losses due to war, but the people suffer the most because they are homeless, unable to work as usual, and having difficulty buying food. The losses suffered by Ukraine were enormous, but so was the economy in Russia, which resulted in the termination of many cooperative relations or sanctions from some sports organizations.

I understand that in times of war people's lives come first, but we cannot forget that sport creates many jobs and moves a lot of money and with this war many people will be losing money they need to buy food and pay bills , football also boosts tourism, there are people who, when they go to watch games, stay in hotels and walk around and buy things and with this war and cancellation of games due to sanctions, many people are dying and others are being left with great losses

Russia could've never thought of such an action from all forms of business and services industry. Sports authorities acted fast, but this decision affects the sports industry within the country. Each and everything is on a chain process. If one gets affected automatically we can experience the same to continue with the rest. With time the attack is getting harder and no conclusions were got even after several rounds of bilateral talks.

although the sports economy suffered losses, it was not comparable to the losses suffered by Ukraine by the military aggression carried out by Russia

...and at this point no one really cares about the loss to the sports economy, because it's only temporary..

It's not only sports though, a lot of industries and businesses are probably putting out sanctions by closing down their businesses or refusing to sell to their country. It's also idk, dumb? Since most of the ones that these sanctions affect are groups that aren't really related to the Russian government, basically hurting groups that aren't really part of the ones responsible for the current situation. Though well, considering the limited moves some organizations can make, it's probably the best one they have (other than helping Ukraine itself).

That's the least thing that anyone should be worried unless someone in this forum owns a team or owns a league that has Russian players or teams in them, compared to devastation that's being endured by Ukraine, it's nothing. There are people dying out there and this is OP's biggest worry?

Its not only sports that is affected. This war has affected everything pretty much. Gotten fuel lately? Most likely you are paying the highest you’ve ever paid for fuel due to this war.

They also got Facebook, Twitter, banned. Some car brands are no longer selling there like BMW or Volvo. Some luxury fashion brands are keeping their shops closed. Even the Apple store is closed all over Russia.

It’s been a little over a week and it’s crazy how out of hand it’s gotten.

There’s a big money in sports especially on the top leagues to technically it matters to someone, especially if you’re the owner of the team. Sports should not be affected only if the western government focus more on sanctioning the Russian government instead of private entities and individuals. This can affect more if the war continues.

Of course, each sanction will have its own impact on a country, but I think the sporting sanctions will probably not be too stressful for Russia, if the world football federation bans Russia from participating in the world cup just because it invaded Ukraine less than a week ago, then what about countries that have and are still invading other countries like America and Israel?
Can it be left without getting sanctions like what Russia is getting now, Or  are their really exempt from the sanctions that have existed so far?

Who cares about sports economy during the devastating war? Clusters kill people everyday and do you think that sports economy is important to cosider?

War is another reason why the sports economy is disrupted other than we've been through the same thing with covid-19. This was an unforeseen consequence for the Russian football team at the national and international level. The transfer of the Champions League final and the cancellation of one of the Europa League matches between Leipzig vs Spartak Moscow was a negative impact of the war, obviously this was clearly detrimental to the team concerned but this happened unexpectedly.

Perhaps not only sport will experience this impact but all other businesses will also suffer a similar impact for countries that are at war. The worst consequences on the economy are still possible in the future as long as this war has not stopped.

I just picture the ugly truth of the outcome of Putin's invasion on Ukraine. Firstly Russian Gazprom Arena in Saint Petersburg is already losing from not hosting the UEFA champions league final and also the racism that might follow afterwards from NATO governing countries make it unfit for Russians to dwell within those territories. This will also have strong effect on the economy as many intending companies might be forced to switch else where for business deals. Putin would have deployed a better approach other than instigating war

It's the consequence of the invasion that they did to Ukraine. World Cup and as well as other big events made their decision.

Russia banned from World Cup, other major sports competitions amid war in Ukraine

Both currently are totally hit with their economy but soon, with these sanctions will surely hit more on Russia's side which includes majority sporting events.

I would like to correct the wording -this is not an Ukraine -Russia war, this is an aggressive invasion of Ukraine by order of Vladimir Putin. Most Russians did not get a say on this.

Now, the football is linked to the global economy and it is a leisure activity, which traditionally suffers when practically anything out of the ordinary happens: terrorist attacks, wars, natural catastrophes,... that is how it works so no surprise.

Sports especially football is loosing money because of the Russia-Ukraine war. UEFA might loose Gazprom's €40 million (S$60.66 million) a year sponsorship  deal for moving 2022 Champions League final to Stade de France in Paris instead of Gazprom Arena in Saint Petersburg.  Schalke nine million euros ($10 million) per year in sponsorship deal have been prematurely cancelled due to Russian invasion.

Martial law has been imposed in Ukraine this means that all  domestic football league being officially suspended. This means that the clubs might loose money and players. Sponsorship deals might be cancelled because of economic challenges that most sponsors are facing due to the war.  Players and fans might also suffer from psychological problems.

The war would also increase racism. Russian players might be racially abused in other countries. While NATO country citizens might not be welcomed to Russia.

Clubs like Chelsea, Bournemouth, AS Monaco, Cercle Brugge and Vitesse Arnhem might be affected by sanctions because they are owned in full or partially by Russian oligarchs. Roman Abramovich revolutionized the EPL when he heavily invested in an average club Chelsea. He turned the club to a world-class football team winning five Premier League titles, five FA Cups, two Champions League trophies, three League Cups, two Europa League and one world club trophies.Currently, he might loose the club or be forced to sell it less passionate clients.    

World sports will indeed miss Ukraine and Russia.

https://guardian.ng/news/german-club-schalke-ends-partnership-with-russias-gazprom/

https://www.marca.com/en/more-sports/2022/02/24/6217963b268e3e1c4a8b4597.html