EVOLVE Business and Entrepreneur Magazine Greater Daytona Region - November 2021 | Page 32

THE GAME IS CHANGING

THE GAME IS CHANGING

by Mike Panaggio

As I think about the role sports and sporting events play in our society , I am reminded of what sports fulfill in us –– the reason we endure long hours of training to make only incremental improvement or why we still cheer our childhood team despite their consistent ranking at the bottom of the field . Sports give us a sense of belonging . They fulfill our aspirations to get better , to fly high and dominate and more .

When I look at the business of sports , I look at three main areas which are changing on the road ahead : participation , spectating and media . They are all important pieces of the “ business of sports ” landscape , and it ’ s what I believe we will be focusing on in the future , but the big word is GLOBALIZATION .
At DME we have grown our participation opportunities from focusing solely on basketball to expanding our lens to include volleyball , beach volleyball , soccer , hockey , and in the near future we will add baseball in addition to other sports . What this tells me is the road ahead for participation is wide and ever-reaching .
And it ’ s not just that we are expanding the number of sports in which we are involved , we are hosting athletes from all over the world . The U . S . is poised for incredible growth in international schooling and athletic training and DME ’ s specific goal is to put Daytona Beach on the map in this regard .
Spectators and fans will always be an integral part of the business of sports . In many cases , sports are paid for by selling tickets , souvenirs and content . Even on the local level , parents play an important role in the business of sports and each generation wants “ better ” for the next generation . In many families this is measured by participation in travel sports leagues .
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