Sport Funding and Finance (Sport Management)

Sport Funding and Finance is written for students who wish to get both a broad and deep understanding of the commercial and financial structure of sport in various contexts. To this end, the book provides students with a three-tiered learning experience. tThe first tier provides students with a broad appreciation of the commercial evolution of sport, and how it has managed to move from the kitchen-table model to the corporate-boardroom model, and along the way become quite a sophisticated industry from a financial viewpoint. Attention will be given to the commercial development of sport using USA and European pro-sport leagues as a benchmark. Changes in the funding arrangement of sport will be highlighted, and the different funding sources will be examined in detail. The second tier will give students a sound grounding in the principles and practice of effective financial management. Students will be introduced to basic accounting principles and practice, and then led into more complex issues of pricing, costing, financial analysis, budgeting, and financial projections. The third tier will explore future developments in sport finance and funding, and examine how they will impact on sport management knowledge and skill requirements.Within this framework, the book will provide students with two types of learning outcomes. The first outcome is knowledge based and will include the following:* a grounded understanding of the commercial evolution of sport from 1950-the present* an understanding of the different commercial phases sport goes through to reach commercial maturity * an appreciation of the major global sport events and leagues, and their financial arrangements.* an insight into the financial strengths and weaknesses of contemporary sport.The second outcome is skill-based, and by reading the book and completing the cases students will be able to:* identify the different legal structures of sport organisations and the financial implications of each structure* explain the main accounting conventions and how