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The writer, an FT contributor, the executive director of the UK Royal Art Society and the UK Bank is a former chief economist
World Snooker Championship This week, in the last 48 years, this week ended this week. This year, the largest, first Chinese world champion attracted about 200 million viewers in the world, Zhao Xintong. At the beginning of this century, the equivalent review figures are 5 million.
Despite the success of the year, the world can be the last until the end of the world as soon as the world ended with an existing consent. WST, the larger, greater sports space, maybe like the homeowner and supporter with Saudi Arabia or China. Trade work is clear.
The global market for the snooker is growing rapidly, filling out large sports stadiums in China and the Middle East and causes a herbare to explode with rising premium money. The capacity in the sofa is small and unchanged in 1000, half a century. The award money for the world champion is modest by £ 500,000, modern sports standards.
The magnetic charm of money has already caused several sports to move up to pockets (finance, snooker) pockets (finance, snooker). The center of gravity in the cricket was in India, the India Premier League with the largest global cricket franchise. Saudi Arabia is now a global center for boxing. The golf tour of the Alternative World Supporting Saudi-supported the Golf Tour started three years ago.
This external migration is not limited to sports. Arm (semiconductors), Deepmind (AI) and Darktrace (Cyber Security) all over the world were cut by international bidders and the subsequent growth was given. The UK, which is sold in a hurry, is now leisure, because it wants to educate super-star institutions to form an industrial strategy and start of starting.
This is nuts. England is eager to lose the winners like this. England is a rich sector with success stories with advantages of sports, historical and distrust. Football invented here in the 19th century, now with the world’s largest sports, popularity, participation and some dimensions. Despite the country representing less than 1 percent of the global population, the English Premier League is a leading football league everywhere.
Modern tennis, the other 19th century English invention, among the top 10 global sports, is expected to increase in popularity for decades. The Prime Minister of the world is Wimbledon, up to £ 400 million last year.
In the same period, the English Army officers who made a snooker were officers. Smaller, income and participation ratios from football or tennis are equally strong, because the first east and promising of India, which is played for the first time, penetrates great expansion markets. Snooker would like a myopical move as Sheffield slipping from the grip on this point, as a lever, a leg or a depth.
The government will only achieve national growth by raising the regions and nations of England. Following this, more powers were given in the municipal areas and municipal headings were given more powers, but more money was given. Strange, Chancellor Rachel Reeves in January, the growth speech is valuable to either regions or sports. (A announcement New Football Stadium for Manchester United Counts – supporters live mainly in London.)
Again, the sport is one of the most influential drivers of local growth. There is no better example of Stratford in East London in the 2012 London Olympics. The transformation of the landmark from the entrance to its transformation, paid £ 9.3 billion pounds in public money and the legacy. The entire England club, which hosted Wimbledon, rose more than half a billion pounds and extended the support of tennis, ten million tournaments, which expanded property and government support.
Comparison with Sheffield and Snooker is Paradise. One fan of both, I’m in full investment. The government, unfortunately, is not. In the city of Sheffield, the investment per capita is less than Manchester and is part of Westminster’s London Borough. The investment in the boxing theater in Sheffield was a little change.
As a sport, the snooker has never received a penny of public money. If we seriously approach the growth of the southeast, the playing field needs to be corrected. In June, the Chancellor’s Spend Review is an opportunity to do this. In Sheffield, investing in Snooker would have an anchor as a global center, which brings more extensive growth benefits as he likes by Stratford and Wimbledon. Snooker’s grass gangs can create a talent pipeline that is necessary for an investment success. China’s 300,000 snooker club, England have several hundred in England. Still trains in China, Zhao Xintong, Sheffield.
Wimbledon and Sheffield “Futimes” can be the northern and southern polares of sports in the UK. Catching, from sale, a rising sports star can manage the growing and pride in the UK’s stop. In this century, Sheffield and Snooker can be synonymous and recognized at the international level, are known as Sheffield and steel in the previous one.
The industrial strategy is going to collect the winners, but with them. The UK is a team that won for the economy, sports, snooker and Sheffield and a rising star. Here, an investment would surrender to meet the holy graphic of local growth with global ambition. The top 20th century in England would not be “snooker loopy” with philosophers, chas and Dave words.
