This book supplies readers with an understanding of sport finance and the significance of sound financial management in the sport industry. It starts by covering finance basics and the devices and strategies of financial metrology, using pertinent sport examples. It then exceeds the basics to demonstrate how financial management works in the industry-- how decisions are made to guarantee wealth maximization. Discussions include time value of money, capital budgeting, facility funding, financial impact, and threat and return. The last part of the book concentrates on three sport industry sectors-- parks and recreation, collegiate sports, and expert sport-- providing thorough analysis of financial management within each sector.
Throughout, sidebars, study, idea checks, and financial issues make it possible for extensive study and practice. Readers learn to apply, and see how sport supervisors apply, sport financial management principles in real-life scenarios. Altogether, it provides a good balance of very first presenting background information on financial management and then spending the majority of its pages concentrating on these principles in a sport-specific context.
Used Book in Good Condition