The idea of sports business is becoming a contemporary perception, but the process has daunting effects. Sports is changing from being a talent to business enterprise opportunity. Many people aim at becoming a Sports Thread Licensee to achieve their dreams in life. A Sports Thread Licensee offers the ability to generate significant income by capturing part of the multi-billion dollar social media and sports industries.
2. Main themes
The idea of sport business is becoming a
contemporary idea but the process has daunting
effects
Meeting the bare necessities of getting a start-up
off the ground into admirable manageable steps
has been challenging
Martial arts promoter, One Championship is the
biggest sports property in Asia
3. Sports is changing from being a talent to
business enterprise opportunity
Many people aim at becoming a Sports
Thread Licensee to achieve their dreams in
life
A Sports Thread Licensee offers the ability to
generate significant income by capturing part
of the multi-billion dollar social media and
sports industries
4. Chatri Sityodtong is the martial arts
promoter, an entrepreneur behind One
Champion
Chatri, a former MMA fighter with an MBA
from Harvard wants to take sport business to
new level in Asia.
One Championship as a leading sports media
property, its events are live broadcasted in 75
counties of Asia.
5. Chatri believes Asia has been a home of
martial arts for years, an opportunity to
become the first a multi-billion sports
property in Asia (Mai, 2016).
One Championship will rival the English
Premier League or NFL in the future in terms
of value
The population of Asia of 4.1 billion people
provides a great opportunity following Asia as
the world’s biggest media market but lacks a
multi-billion dollar sports property
6. One Championship business aims to be in 2
billion homes something that will give the
business a market boost
English Premier League is one of the leading
sports media but it is popular in North
America
One Championship is anticipated to be bigger
than the English premier league and as the
Chair Chatri puts it, it will be the first multi-
billion dollar sports property in Asia.
7. Chatri anticipates MMA will conquer Asia due
to its richness in a history of sports across its
various cultures.
Sport is a tool for development by generating
income from sports-related services and
sales (Weinberg & McDermott, 2002).
Sport development supports business growth,
entrepreneurship, and job creation
Sports also fosters universal values as well as
encouraging competitive value
8. Establishment of One Championship will
assist governments and public institutions to
integrate intellectual property (IP) and sports
Raising awareness of the relevance of IP to
sports as an enterprise is important as
asserted by Westerbeek and Smith (2002).
One Championship will ensure capacity
building for sports bodies, businesses, and
sports managers
9. The intellectual property in sports is the
source of commercial relationship in the
world of sport as asserted by Ievleva and
Terry (2008).
Sports offer huge potential as a promoter of
economic development
The economic importance of intellectual
property and sports lead to business ideas
10. Chatri believed in this business idea
to come up with One Championship
Sports business has offered many
people jobs from sports companies
all over the world
Martial arts will attract a huge
spectatorship across Asia hence the
growth of One Championship.
11. Keeping up with the Asian market pose a
challenge to One Championship
Chatri believes just like cricket works in India,
England, and Australia while football is popular
in North America, also martial art will do in Asia.
One Championship will limit its market to Asia
because of geographical, cultural, and
socioeconomic boundaries of martial arts in Asia
12. Asian 4.1 billion people is more than half the
world’s population, this is a great market to
conquer (Mai, 2016).
Because most sports cannot traverse
boundaries, One Championship has an
opportunity to dominate Asian market
One Championship is capable of expanding
its market beyond that of Asian
13. The events One Championship hosts
increases yearly from 24 in the current year,
36 and 48 within three years.
This is huge growth at a rate of 100-200%
each year signifying bigger market conquer
One Championship hopes to join a major
stock exchange with more operational offices
in Singapore, Bangkok, and Shanghai.
14. One Championship’s control of Asian market
depicts its success
Chatri reported they have a market share of
about 90% in the region, unlike their
competitor UFC that unsuccessfully tried to
enter Asian market.
Sources report that China’s Wanda Group will
buy UFC. This will increase market share for
One Championship.
15. As a successful enterprise, One
Championship business has garnered the
interest of sponsors like Disney, Yahoo, and
Under Armour
Other Chinese sports media players are
willing to invest with One Champion business
The valuation of One Championship
enterprise shows great expansion and over
100% growth, therefore it is a success sport
business entity.
16. Sports has become a worldwide language
whose practices have widespread impacts
Most importantly, business sports is a
powerful tool for progress and development
Particularly, using sports as a business is one
way that promotes sustainable development
through income generation.
17. One Championship is one powerful tool for
generating income
Due to the world’s socio-cultural activities, it
provides an appropriate market for One
Championship to realize its goal.
Owing to One Championship geographical
region, its growth activities already depict its
success.
18. Mai, HJ. (2016). One Championship Aims To Become
Asia’s First Multi-Billion Dollar Sports Media Property.
Retrieved from:
http://www.sportsbusinessdaily.com/Global/Issues/2
016/05/20/Leagues-and-Governing-Bodies/One-
Championship-MMA.aspx. Web 25th, July, 2016.
Westerbeek, H., & Smith, A. (2002). Sport business in
the global marketplace. Springer.
Weinberg, R., & McDermott, M. (2002). A comparative
analysis of sport and business organizations: Factors
perceived critical for organizational success. Journal
of Applied Sport Psychology, 14(4), 282-298.
Ievleva, L., & Terry, P. C. (2008). Applying sport
psychology to business.International Coaching
Psychology Review, 3(1), 8-18.