Page last updated at 18:16 GMT, Wednesday, 8 July 2009 19:16 UK

Cardiff economy welcomes Ashes

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While major sporting events offer great financial opportunity to the places hosting them, they also require significant investment. In recent years Wales has had its fair share of events, including the finals of the Rugby World Cup and the FA Cup.

Business correspondent Nick Servini looks at the economic impact of major sporting tournaments in Wales and whether it is making the most of the financial opportunities as Cardiff welcomed its first Ashes Test.

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