The pandemic COVID-19 has caused numerous unpleasant losses and situations all over the world. Not only did COVID-19 affect the economy but also other sectors as well, like: trade market, turism, finance sector and sports. Crisis management, as a new term nowadays, has a role of planning and implementing measures to ensure fundamental goals. As such, it marks all means and methods, which are necessary in order to solve a certain crisis in a proper and painless way, and leave as few consequences as possible. In moments when everything was forced to stand still for a while, with the help of crisis management, a strategy was made to deal with crisis conditions. The concerts were cancelled, gathering were reduced or limited, sports events that could have taken place, had numerous restrictions for which the date of cancellation was unknown. This paper is primarily focused on the crisis that hit the sports world and the consequences it left on it. It was known from the very beginning that there would be financial losses, which are still being tried to be added up and returned. Some of the main important theses of this paper came down to identifying the very role of sport in the world, in the society, its role in the life of an individual, the consequences of the crisis and the challenges that the world of sport had to face before changing its standard rules – both in the professional and recreational sports sector.