Most Expensive Sports in the World: Sports have always been about competition at their core. It continues to push boundaries beyond the set limits, and only the best of the athletes make it to the top. Some sports require extraordinary finances to participate in them, and these are the elite sports that exceed all limits when it comes to their gear costs. They require deep pockets; they test not only your spirit of athleticism but also your financial resources.
These are the luxurious sports that come with a premium cost. What makes these sports so costly? From Formula 1 to Polo, the engineering marvels that the Formula 1 racing cars are, and the upkeep of the horses for Polo, all require a lot of money. So, it makes sense why these are some of the sports that are included in the list of the most expensive sports in the world.
Formula 1 and Elite Auto Racing
- Competing in Formula 1 can cost teams tens of millions of dollars for just one year.
- The cars in Formula 1 require specialized materials and extensive testing.
- Even the entry-level karting is expensive, so the aspiring drivers have to bear the costs, making it one of the most expensive sports in the world.
Polo
- There is a heavy cost involved in training and maintaining multiple horses, transportation to international competitions, and it can rise to even a six-figure range.
- It is one of the exclusive sports globally and is synonymous with wealth.
- Forbes has reported that approximately $45000 per horse is required for those expenses.
Equestrian (Show Jumping and Dressage)
- Similar to Polo, Equestrian sports also require a lot of investment in horses.
- A jumping horse can cost between $100,000 $ 1 Million.
- Every competitive horse sport is expensive. It includes the costs of feeding, vet care, board, farrier etc.
- Recurring annual costs on each horse and the costs incurred on their travel and training show how steeply rising the costs are.
Bobsleigh
- Bolbseligh is not a popular sport, but it is surely a costly winter sport.
- The equipment required in it are costly and expenses can go up to $100,000 .
- A lot of funding is required to maintain a team and the competitions at the Olympic level rely to a large extent on Sponsorships or sports federations.
Iron-Distance Triathlon
- Iron Distance Triathlon is not gear heavy when compared to the other sports in this list, yet, the high performance bikes, the entry free and the coaching can extend the yearly expenses to over $20,000 for the competitive athletes.
Ice Hockey
- One of the most expensive team sports.
- It requires costly and quality gear and frequent to regular travel for various competitions.
- It requires years of investments into training from a young age, making it an elite levels sport.
The costly affair that these sports are can step even the most determined and talented athlete from competing in them. However, the cost of these sports should not stop anyone who feels drawn to them. There are ways to tackle this challenge. There are clubs that you can join, rent or lease the gear, and use their equipment.
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