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The Athletic FC Podcast

Business of Sport: The £25 Billion Value of Olympic Glory

The Athletic FC Podcast

The Athletic

Sports, Premier League, Champions League, Soccer,, World Cup

4.01.3K Ratings

🗓️ 5 August 2021

⏱️ 55 minutes

🧾️ Download transcript

Summary

Host Mark Chapman & The Athletic's Matt Slater bring an Olympic theme to the Business of Sport and ask what is the value of chasing gold medals - £25 billion according to UK Sport - from a commercial social & political perspective.

Guests include UK Sport CEO Sally Munday, Sport England's director of sport Phil Smith and British Cycling director Danielle Every to talk funding, the link between medals & participation, how sports make investment decisions, the value of the sports sector, bidding for major events & working under the huge shadow football casts.


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Transcript

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0:00.0

The Athletic.

0:14.3

Hello, I'm Mark Chapman. Welcome to the business of sport on The Athletic.

0:17.4

As ever, we're joined by the Athletics, Matt Slater.

0:20.5

Today's podcast is Olympic-themed and with a team GB focus.

0:24.2

We'll discuss the value of chasing those gold medals from a commercial, social and political

0:29.2

perspective.

0:30.7

Some good guests on this, Matt.

0:32.0

Yeah, that's right, Chappas.

0:33.0

We've got Sport England's director of sport, Phil Smith, and we've got British Cycling

0:37.5

Director Danny Avery, and we'll be talking about funding, the link between medals and participation,

0:43.7

how sports make those investment decisions, the value of the sports sector, bidding for major

0:49.0

events, working, and also working under the huge shadow of football casts. Okay, so Phil Smith and Danny

0:56.5

Every on the way, but first an interview you did earlier this week. Yes, on Tuesday I spoke to

1:01.2

UK sports CEO, Sally Monday on a Zoom call from Team G.B House in Tokyo. She'd been at to the

1:08.9

Valedrome that day and had just seen us win some medals, but it was a fantastic day all around really for the team.

1:14.6

And I started asking her by the question that I'm sure many of our listeners who don't follow Olympic sports will be thinking right now.

1:22.9

What is UK sports and how do they make those key decisions?

1:27.8

The Olympic Games and the Paralympic Games is very much the centre of UK sports world.

1:34.0

We exist to support Olympic and Paralympic sport to be successful.

1:39.6

And we also exist to support major events and bringing major and mega events to the UK shores.

1:50.4

And that's the sort of crux of what we do.

1:53.5

And we're in a situation where we invest in those sports and invest in events and we utilize a lottery money. So huge thank you to

...

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