Financial Management in the Sport Market provides readers with an understanding of sport finance and the value of sound monetary management in the sport industry. It starts by covering finance basics and the tools and methods of monetary quantification, utilizing existing industry examples to apply the principles of monetary management to sport. It then goes beyond the basics to demonstrate how monetary management works particularly in sport-- how decisions are made to guarantee wealth maximization. Discussions consist of debt and equity funding, capital budgeting, center funding, economic effect, threat and return, time worth of money, and more. The last area concentrates on sport finance in three sectors of the industry-- public sector sports, collegiate sports, and professional sport-providing thorough analysis of monetary management in each sector. Sidebars, case research studies, idea checks, and practice issues throughout provide practical applications of the product and allow comprehensive research study and practice.
Business of sport has altered dramatically since the publication of the very first edition, and this second edition reflects the effect of these changes on monetary management in the sport industry. New to this edition are changes to reflect the international nature of sport (with, for example, discussions of earnings tax rates in the Premiere League), broadened product on making use of spreadsheets for monetary estimations, a guide on accounting principles to help students analyze monetary declarations, an evaluation case research study assignment that takes students step by step through an evaluation, a new arena expediency analysis utilizing the efforts of the Oakland Raiders to get a new arena, a new economic effect example concentrating on the NBA All Star game, and a lot more.
As in the very first edition, this book unites the cumulative understanding of four specialist scientists and specialists; the outcome is a textbook that explores a series of topics and provides readers the understanding and skills they need to apply monetary management principles to real-life situations in the sport industry.