What's new with Team TTO

August 03, 2020

Cudjoe: Yorke Stadium to rival any in region

The THA will soon be given the responsibility to manage the Dwight Yorke Stadium, according…
August 01, 2020

T&T Olympic Committee finds ways around Covid

...coaches, athletes soak up online sports education programmes
August 01, 2020

L.A. OLYMPIC CHAIR WASSERMAN ASKS IOC PRESIDENT TO REPEAL RULE THAT BARS ADVOCACY

Los Angeles Olympic Committee Chairman Casey Wasserman has asked the head of the IOC to…
July 30, 2020

Pioneering athlete and administrator

Remembering the late Hall-of-Famer, Hockey’s Florrie Kelshall
July 29, 2020

'Torpedo' patient despite delay for 2008 gold

Three-time Olympian Richard "Torpedo" Thompson is remaining patient amid the International Olympic Committee’s (IOC) delay…
July 29, 2020

TTOC to stage Virtual Camps

The T&T Olympic Committee's( TTOC) 2020 Olympic Youth Camp will not be a Live-in Camp…
July 29, 2020

An Olympics Without Anthems

Fifty years ago, a prince tried to get all national symbols banned from the games.…

Tokyo 2021 #1YearToGo

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Saturday, 01 August 2020 21:52

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UPCOMING OLYMPIC GAMES

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On Wednesday, March 9th the Trinidad and Tobago Olympic Committee hosted its first Sports Marketing and Business of Sport Conference under the theme "Towards Economic Growth and Diversification - Trinidad and Tobago Sport Rising to the Challenge at the Hyatt. In delivering welcome remarks to sports stakeholders including entrepreneurs, athletes, executives of National Sport Organizations (NSOs) and members of the business community, Brian Lewis,

President of the TTOC stressed that there was a "need to stop depending on state financing. There is a big wide world out there that we need to tap into." Lewis in introducing Ephraim Serrette, President of the National Association of Athletic Administrations Trinidad and Tobago (NAAA) said that the conference aimed to answer the question, "how do we make sport in Trinidad attractive to investors."

Serrette focused his address on the local sport industry and Policy in Trinidad and Tobago, saying, "in Trinidad we tend to just look at the social aspect of sport, we don't look at the economic aspect." The Global Sport Industry however is worth an estimated $500-600 billion USD, which is approximately 1.5% of Global GDP. In highlighting some of the key challenges facing Trinidad and Tobago in developing a sport industry, Serrette stressed the lack of data which hampers the ability of sports administrators to make effective decisions and accurately measure the output of our investments in sport. He lamented that there was at this time no data to measure the contribution of sport to Trinidad and Tobago.

Serrette was followed by Kevin Roberts, Founding Editor of Sports Business International who delivered a captivating keynote address highlighting the value of the Global Sports Industry and key trends including polarization, intense completion to host events, the increased globalization of domestic sports, how a lack of market mass can hinder growth and poor standards of governance and professionalism. Roberts indicated that the challenge facing sport stakeholders in Trinidad was converting sport from simply "a love thing to a business thing."

Minister of Sport and Youth Affairs, the Honourable Darryl Smith closed off the morning session highlighting the steps the Government was taking to improve Sport Administration in Trinidad and Tobago. These include the development of a data analysis unit at the Ministry of Sport to assist in the collection of data, making it easier for citizens to donate directly to sports and or athletes, the establishment of proper maintenance schedules for new sporting facilities and the use of technology to help Non Governmental Organizations work with the Ministry of Sport to access both funds and facilities.

Other topics highlighted throughout the day included the business of sport investment and strategies for financing sports along with legal protection. National athlete and former World Champion, Jehue Gordon was also in attendance.