This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Could Squash Be An Olympic Sport?

NOTTINGHAM, England, August 19, 2013 /PRNewswire/ --

As you probably all know, Squash is still in the running for a place in the 2020 Olympic games. Squash, baseball/softball and wrestling beat off five other sports to remain in contention to be added to the Olympic Games programme in 2020. The International Olympic Committee, or IOC,  dropped wushu, wakeboarding, roller sports, karate and sport climbing from the shortlist, in St Petersburg on 29 May 2013. Wrestling was originally dropped from the IOC, in February this year, but re-applied, and found itself in the top four.

The bid has been backed by sportsmen such as Roger Federer, England Rugby captain Chris Robshaw, Chris Ashton, Dan Cole, Henry Thomas, Tom Youngs, Joe Marler and Mako Vunipola, Andy Murray, Caroline Wozniacki, The New Zealand All Blacks and Ramy Ashour. Celebrities such as film director Tarsem Singh and Dylan Neal were also involved in the decision-making process.

The Olympic bid is also being supported by World Squash Day 2013, which kicks off on Saturday 5th October 2013. World Squash Day was formulated to help raise the profile of the sport, to raise money for the Olympic bid, and to demonstrate that squash enjoys a truly global appeal. This time they will be backing the bid by the WSF for inclusion in the 2020 Games.

Despite the IOC's drive to refresh the Olympic programme and appeal to a younger audience, squash is the only newcomer now under consideration. The racket sport has been tipped to make the 2020 shortlist because of its huge global reach, though the inclusion of baseball and softball was a surprise. This is squash's third attempt at bidding for the Olympic games, hopefully it will be third time lucky! The International Olympic Committee (IOC) will decide on one remaining place in the programme in September, in Buenos Aires.

There may be a big pay rise for Squash players if the sport is included in the 2020 Olympics. Sport England has pledged to contribute almost £5m in talent and elite programmes up to 2017. According to the BBC, Alex Gough says: "If we are included in the 2020 Olympics, we'd expect investment in the sport to double within the next three to four years." This would mean that players such as Joe Lee, England's ninth-ranked player and 39th in the world league, has no sponsors other than members of his club. His main income is from England Squash & Racket ball, which receives money from the National Lottery.

Joe supplements his earnings by playing professional league games, which can earn players a few hundred pounds per appearance. He is, however, concerned about the impact these activities can have on his training.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,998.43 +285.77 1.61%
S&P 500 2,086.18 +25.16 1.22%
NASDAQ 4,943.6240 +52.4050 1.07%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs