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Book Detail
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Financial Management in the Sport Industry
Brown, Matthew T.
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Category: Business Administration Publisher: Holcomb Hathaway Publishers NOTE: THIS IS A NON-RETURNABLE ITEM
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Synopsis:
This book provides readers with an understanding of sport finance and the importance of sound financial management in the sport industry. It begins by covering finance basics and the tools and techniques of financial quantification, using relevant sport examples. It then goes beyond the basics to show how financial management works in the industry-how decisions are made to ensure wealth maximization. Discussions include time value of money, capital budgeting, facility financing, economic impact, and risk and return. The final part of the book focuses on sport finance in three sectors of the industry-parks and recreation, collegiate athletics, and professional sport-providing in-depth analysis of financial management within each sector. Sidebars, case studies, concept checks, and financial problems enable thorough study and practice. Readers learn to apply, and see how sport managers apply, financial management principles in real-life situations.
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