COVID – 19 AND SPORTS EVENT.

The paper presents the connection between economic development and sport. The objective of the paper is to identify the correlation between income generated by sports and GDP. To confirm this causal relationship the correlation and regression method has been applied. The object of analysis is the impact of the income of English clubs and two Spanish clubs Barcelona and Real Madrid on the GDP of the respective countries, for the last decade. The paper also provides a lot of information on sports developments in the year of the pandemic (2020) The hypothesis is tested and after H1 ≠ 0 it is proved that there is a correlation between the two variables. The regression function for the English and Spanish economies shows that football revenues affect GDP formation. [ABSTRACT FROM AUTHOR]