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What are the main risks during large-scale sports events?
Generally speaking, we can divide the risks of sports events into ten types: income loss risk, property loss risk, obligation and liability risk required by laws or agreements, personal accidental injury risk, liability risk, revenue and expenditure matching management risk (financial risk), environmental risk and other risks.

(1) Revenue loss risk refers to the risk of refund loss caused by the cancellation of the whole activity in part or in whole due to unexpected events or activity interruption. This kind of risk is the biggest risk for the organizers of large-scale sports events, because the purpose of the whole operation of large-scale sports events is to ensure the smooth progress of the final events. Once the event is partially or completely cancelled, it will have a chain reaction and lead to heavy losses.

(2) The risk of property loss mainly includes the damage of buildings in large-scale sports events; Loss, fire, explosion, vandalism, equipment damage (computer system and auxiliary equipment, competition equipment, television and telephone, office, medical equipment, etc. ) and related financial risks; Theft, fraud and misappropriation; Transportation insurance and automobile insurance, etc.

(3) The risk of personal accidental injury mainly refers to the accidental injury of the following personnel: those who have a labor contract relationship with the Organizing Committee, participants in large-scale sports events, media, intermediaries, spectators, etc. Among them, those who have a labor contract relationship with the Organizing Committee include staff who are employed by the Organizing Committee for a long time or temporarily and volunteers who serve large-scale sports events for a long time or temporarily.

(4) The accidental liability risk generally enters the risk period from the first contract. From the establishment of the organizing committee to the dissolution of the organizing committee, even after the dissolution of the organizing committee, there are many related liability risks in large-scale sports events. Including the losses caused by personal decision-making mistakes of the organizers' management, but more losses are caused by non-decision-making mistakes and many inevitable uncertainties. Liability risk is mainly related to the responsibilities of the following organizations or personnel: organizers of sports competitions, travel agencies, employees, marketing (including product liability), experts in equipment, organizers of medical facilities, car owners and volunteers.

(5) Income and expenditure matching management risk (financial risk) refers to the loss caused by the mismatch of income and expenditure in time (speed), scale and structure due to unexpected events.

(6) Environmental Risk During the preparation and holding period, the construction of buildings directly or indirectly affects the protection of environmental factors such as air, water and soil, as well as the destruction of archaeological sites and historical sites.

(7) Traffic risk refers to that athletes, government officials or TV reporters can't reach the sports venues due to road congestion, TV broadcast can't be carried out as scheduled, or sports competitions themselves can't be held. Obviously, it is very important for large stadiums to have convenient and fast traffic trunk lines, and it is necessary to ensure that the most important personnel can be transported to the venues at the necessary time and place.

(8) Infrastructure risks usually require the construction of appropriate infrastructure for Olympic buildings. This includes not only new sports facilities, including stadiums, news centers, radio and television centers, Olympic villages, athletes, officials and media hotels.

(9) Timing risk

Any large-scale sports event has the risk of affecting the time of the event due to abnormal climate. Some events are usually held at the beginning of the sports meeting, because postponing these events will bring greater risks. On the other hand, some extremely wonderful programs are often arranged on weekends, and sometimes even on the weekend of the last week of this sports meeting. This is the time when the audience is the largest and public activities are the most concerned. This requires a more comprehensive risk management plan.

(10) Other unexpected risks mainly include technical risks (TV signal failure), climate risks (rain, wind and earthquake), project delays, natural disasters, income unrealizable risks (TV broadcasting rights, tickets, sponsorship, commodities), extra expenses (unexpected expenses lead to a serious shortage of mobile expenses) and so on.