Financial education

Even sportsmen must learn to manage their savings

The project Al Bar Sport, in collaboration with Feduf (Abi), the Dsge of UnitelmaSapienza and Fitd will strengthen the economic awareness of athletes

by Isabella Della Valle

(Adobe Stock)

3' min read

3' min read

The fortunate ones find themselves with large sums of money, but without the right training to manage them. Most may not reach such high levels, but even without such large assets, the situation does not change: whether large or small, managing savings requires a level of financial education that is often lacking. And in the sporting sector there should perhaps be more than in other contexts because in this case the time factor plays a fundamental role. In the soul one is an athlete and sportsman forever, in the physical one is not, and financial planning is essential.

The Al Bar Sport project

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So in the month of financial education, the Bar Sport Project is all the more indispensable. The initiative, devised by Francesca Bertelli, Daniele Rippa and Matteo Cerutti - a team of young professionals and former students of the Political School Living in the Community, in collaboration with FEduF the Foundation for Financial Education and Savings (Abi), the Dsge of UnitelmaSapienza and the Interbank Deposit Protection Fund (which on this occasion, presents the 'Economy and Banking Pills' explained by Fitd) opens with the testimony of two athletes, Asia and Alice D'Amato.

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The objective of the initiative

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Basically, through Al Bar Sport, sportspeople have the opportunity to bridge that cultural gap that does not allow them to plan their investment choices in a structural, personalised and far-sighted manner. In fact, it is a space where economic topics are discussed and links are found between financial education and the world of sport, through video recordings of financial education pills.

In the medium to long term, Al Bar Sport intends to turn the lack of financial literacy into an opportunity for growth, offering basic financial education to sportsmen and women and spreading financial literacy in the sports world.

Gender inequality

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Even in the field of sport, there are substantial salary differences between women and men, and through the dissemination of a financial culture, the intention is to eliminate this gap as well, all the more so since the number of women practising sport at various levels is constantly growing. In recent years, Censis has estimated that more than 8.5 million women participate in sports, making up 43.3% of the total number of sportsmen and women. To these are added 9 million women who do at least some physical activity. Overall, 59.4% of Italians take part in sport and/or motor activity.

The wage gap

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According to Forbes Carlos Alcaraz earned $42.3 million last year, including $10.3 million in prize money and $32 million in sponsorships, with Novak Djokovic in second place earning $37.2 million. Among women, first is Coco Gauff who earned 27.1 million dollars, surpassing Iga Swiatek (26.5) who beats our Jannik Sinner by 'only' 100,000. In golf and basketball, the salary gap is also significant. In golf for example at the US Open 2024 the prize for the winner was $4.3 million, while for the winner it was only $1.4 million.

L’evento

The presentation of the event will be held on Tuesday 12 November at the Scuderie di Palazzo Altieri in Rome with a debate attended by Marcello Presicci - Secretary of the Scuola Politica Vivere nella Comunità, Rocco Giorgianni - Secretary General of the Milan Foundation and Head of Public Affairs and Sustainability of AC Milan, Massimo Contaldo - Team Manager of the National Women's Artistic Gymnastics Team, Eleonora Jacovitti - Delegate of the Rector for Sport at UnitelmaSapienza, Alessio Veccia - Head of the Statutory and Fitd reporting function, Daniele Rippa, Matteo Cerutti and Francesca Bertelli - former students of the Political School Living in the Community and creators of the project.

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