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November 27 , 2024

TTB Sport and GIST Impact Partner to Transform Social Value Measurement in Sport

Striving to embed social value into the cultural DNA of the sports industry

TTB Sport and GIST Impact have announced a landmark partnership aimed at accelerating the sports industry’s adoption of social value as a key decision making tool. Central to this collaboration is the development of a Social Value Calculator, ‘xi’ (eXpected Impact), a tool designed to quantify the financial and non-financial contributions of sports to society.

A Shared Vision for Social Impact

TTB Sport and GIST Impact endeavour to prove that social impact is sport’s unrealised superpower. By better understanding social impact, sport can generate new revenues, reach wider audiences, and tell richer stories, all backed by data that is tracked and measured over time. This partnership marks a significant step toward helping rights holders, brands, investors, and media integrate the true societal value of sport into strategic decision making 

xi: A Game-Changer for the Industry

TTB Sport and GIST Impact have collaboratively developed a social value calculator, xi  to quantify the value of sport to society. xi is powered by tech partner Partnerbrite and provides comprehensive insights into how sport contributes to health, wellbeing, and GDP growth. As well as leveraging government frameworks such as HM Treasury Green Book and the Wellbeing Index, xi also aligns its findings with the United Nations Sustainable Development Goals (SDGs).

xi serves three main objectives:

  1. xi quantifies the social value of a given sport in monetary terms, detailing its overall contribution to society.
  2. xi helps to identify revenue generating opportunities for a given sport, across the public, private and third sectors.
  3. xi provides an innovative way to assist decision making for investment in sport, as well as enhances credible storytelling through quantifiable metrics. 

How is xi different to other offerings?

  1. xi tracks social value in real-time due to its digital integration capability.
  2. xi covers health, wellbeing, and GDP contribution. Additionally, it has capability to go beyond this and quantify impact on human and natural capital.
  3. xi has cascading mapping capability to enable assessment of how social value differs from region to region, and national to local scale.
  4. xi can integrate into existing digital systems, capturing data ‘Play’, ‘Attend’ and ‘Follow’ initiatives.

Accelerating positive change in the Sports Industry

Speaking on this partnership, TTB Sport Chair Sir Andrew Strauss stated: “We believe sports rights holders, brands and funding organisations are under increasing pressure to demonstrate their impact beyond profit and the number of fans and participants they engage. Today's younger, more purpose-driven generation are holding such organisations to a higher-standards and expect social impact to be at the core of their offering. Our social value calculator xi, is designed to help sports organisations and its investors, address these challenges.”

Mahima Sukhdev, GIST Impact’s SVP of Commercial Development, stated "sports is a game of numbers—goals scored, seconds shaved, and milestones achieved. With xi, our social impact calculator developed in collaboration with TTB Sport, we're bringing the same precision to measuring social impact. By quantifying what matters, xi empowers decision-makers to turn insights into action, driving meaningful change on and off the field."

“Together with GIST Impact, we aim to redefine how the sports industry perceives and harnesses its societal impact," said Nick Pryde, Global Lead – Community & Social Impact at TTB Sport. "xi – powered by Partnerbrite, enables stakeholders to see the bigger picture—quantifying the real-world contributions of sport while creating actionable strategies for growth and sustainability."

TTB Sport and GIST Impact invite sports rights holders, brands, investors, and media partners to join them in embracing a new era of social value-driven sports management.

For more information on the Social Value Calculator XI or to explore partnership opportunities, please contact:

Nick Pryde: Global Lead – Community & Social Impact: nick.pryde@ttb-sport.com or +447826858765

Mahima Sukhdev: SVP Commercial Development: info@gistimpact.com

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