The financing of sports in some European Union countries

Abstract

In Romania, the financing of sports, particularly sports clubs, is predominantly sourced from public funds (whether from the state, county, or local budgets), depending on the regulations in force. This research focuses on the study of European and national sports policies and the various forms of financing for sports clubs. Sport is a fundamental human right, recognized by major international organizations and addressed by European sports policy, which has been gradually implemented over decades. Every society needs to prepare to acknowledge sport as a right for every individual. Generally, in most European countries, societal preparation for sports practice is more intensive and varied compared to Romania. In Romania, reforms in the sports sector lag significantly behind those in other countries and fall short of Romanian expectations regarding sports. Additionally, financial resources are often insufficient. The legislation needs to be revised, addressing both the methods of financing and the sources of these funds. Increased involvement from both the private sector and the government is necessary; otherwise, the quality of sports will deteriorate, and those excelling in sports may choose to compete in other countries or clubs where conditions and financial support are more favorable. Compared to the situation in Romania, the synthesis of sports club financing across different European countries reveals a significant disparity. Most European countries have recognized that sport is a key driver of economic development and have longestablished programs to support and develop community sports initiatives.