It’s not the economy 

Source: It’s not the economy – DailyNews Live

Nigel Matongorere      14 August 2018

HARARE – Over the years, local sports bodies and teams have cried out for
funding and sponsorship ahead of crucial matches and assignments.

Shortly before the 2017 Africa Cup of Nations (Afcon) finals, the Zimbabwe
government had to fork out $1 million to bankroll the Warriors’
participation in Gabon.

Just last month, Zimbabwe Cricket (ZC) announced they would be not be in a
position to pay salaries for all their staff and players.

In the end, the International Cricket Council (ICC) had to remit funds
from Dubai in order to bail out ZC.

Dynamos, arguably Zimbabwe’s most successful football club, last
participated in the African Champions League in 2013 despite qualifying
for the tournament in 2014 and 2015.

The Glamour Boys’ reason for pulling out of the continent’s premier club
football competition is simply because they couldn’t fund the away
travelling in Africa.

These are just a few examples but most of our – in fact all  – local
sports bodies are guilty of just relying on government support to fund
their operations.

Zimbabwe’s economy is not performing and there is great burden on the
fiscus which means government does not have spare change to dish out to
sporting organisations.

The likes of Zifa, ZC and the rest of the sporting community should look
at self-funding projects that will enhance their coffers if they are to
survive in this economy.

Although they are one of the most successful sporting organisations on the
planet, unlike nearly every National Olympic Committee in the world, the
United States Olympic Committee’s (USOC) receives no government support.

USOC relies on private resources to help fund America’s elite athletes as
they focus on their pursuit of excellence at the Olympics.

In preparing for the Olympics or Paralympic games, US athletes require
funding for sport performance services, elite-level coaching, Olympic
Training Centres and international competitions. The USOC’s main sources
of revenue are television broadcast rights, sponsorships and philanthropy
in the form of major gifts and direct mail income.

Before the 2016 Olympic Games in Rio de Janeiro, Brazil, USOC spent a
total of $73 million in grants to athletes and sport bodies while another
$81 million went towards support programmes.

As a result, the US scooped a total of 121 medals of which 46 gold, 37
silver and 38 bronze; the most by any nation.

Another example of which local sport bodies should aspire to become is the
United States Tennis Association (USTA) which generated at least $350
million by hosting the US Open this year.

Over the past five years, the USTA has spent $600 million, self-funded, in
the strategic transformation of the Billie Jean King National Tennis
Centre, improving around 85 percent of the grounds according to Forbes
Magazine.

The key word here is “self-funding”, which seems to be an alien phrase to
Zimbabwean sport bodies.

That $600 million investment has already paid off for the USTA. In 2017,
ticket sales and broadcasting generated $120 million each, with an
additional $65 million from sponsorship deals and $30 million in
concessions this year.

During the 2018 US Open, ticket sales rose to $130 million and sponsorship
increased slightly to $70 million.

USTA executive director and CEO Gordon Smith revealed his organisation’s
secret to success.

“Our money doesn’t go to shareholders, investors or team owners. We take
the money that we make and give it back to the game,” Smith told Forbes.

However, this is not the case in Zimbabwe where the real stars of the
sport are suffering in poverty while the executives and team bosses fatten
their bank balances.

Local sport bodies always give us this excuse that the economy is not
performing and there is no funding from government but the USOC and USTA
are thriving without a penny from President Donald Trump’s government.

It only takes good organisational skills which will attract sponsors and
fans so that sport can thrive.