When reviewing where to utilize funds from taxpayers, let us say to bid for major events and ensure its success, build new stadium or to secure new license for sports team, it will be a big help to get started with basics.
Everything that is Public, You have Involvement in it
The public sector gets in to make subsidies of the said event. Well, this isn’t just in sport but for any event or activities that the government deems important. Mind you though, there are benefits and drawbacks to such. This is actually where using cost-benefit analysis tool is so handy.
Keep in mind that while you are a diehard sports fan, you at the same time are a taxpayer who has a contribution to the national team.
Business as Usual
There are several advantages of having a team, event or the necessary facility. Let’s use the latter as an example. Without having the public facilities to held sporting events, privately built facilities would make one only if the team owners will generate profit. This is, if the net expenditure of the fans towards the ticket sale will exceed the total cost of the building as well as its maintenance.