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2014 Baseball World Series Scheduled to Produce a Bunch of Winners
The upcoming Major League Baseball Championships and World Series marks another important opportunity for entrepreneurs to benefit from one of the Nation's most celebrated sporting traditions. The number of job and entrepreneurial opportunities created by the Baseball industry is almost without par in American business. From pee wee baseball, little league, high school, college, minor league, and right through the major league activities, the Baseball cash register is constantly ringing and has done so for decades.
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In 1989 Major League Baseball initiated its Reviving Baseball in Inner Cities (RBI) program which also hosts its own World Series. RBI provides opportunities for young men and women from underserved communities to utilize Baseball and Softball to attain educational scholarships, and engage in numerous other beneficial activities. Over 200 RBI players have also been drafted by Major League Baseball Teams. It is estimated that the 30 Major League Teams have provided over $40 million in resources to over 300 programs within 200 cities worldwide. The 2014 RBI World Series hosted by the Texas Rangers was completed in early August just prior to the Little League World Series.
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Now the World awaits the biggest of the events, the upcoming 2014 Major League Baseball championships and World Series. Cities, communities, and entrepreneurs eagerly await what historically promises to be a major cash register ringing phenomenon. Various estimates are that each City involved in the World Series can potentially reap up to 16 million dollars per game, with attendant media attention stretched out over several weeks bringing additional economic benefits to the environs.
In estimating what the World Series meant to the Boston Community the City determined that when a regular season game would bring in $500,000 to one million dollars, a World Series Game could realize as much as $10 million dollars for the community.
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American Baseball has done an excellent job spreading its influence around the Globe, and building its heirarchical system of succession from Pee Wee baseball through its Minor League system. While other major league sports have attempted to replicate this structure and success it has been difficult despite the inroads made by Professional Football and Basketball. Entrepreneurs within the Sports and other Industries should carefully study the business of Baseball in America to learn how to build and maintain a world class business operation.
The 2014 World Series is expected to begin around October 22, 2014 and entrepreneurs are already preparing for what could be their biggest opportunity and payday to date.
The National Market Report (NMR), is hosted by Intellectual Property and Securities Attorney Harlington L. Hanna Jr., founder of the Law Firm Hannaian Law Associates (http://hannaianlaw.com. He is...
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