PWC predicts fifty percent fall in growth of global sports industry

A recent study by PricewaterhouseCoopers (PWC) has projected that growth in the sports industry will fall by more than half over the next three to five years worldwide due to the COVID-19 pandemic.

The study carried out the business advisory group showed growth in the sports industry falling from an annual rate of eight per cent in recent times to just 3.3 per cent globally due to the coronavirus pandemic. A positive emerging from the study showed Esports to have emerged as the "big winner" of the lockdown period.