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Financial Management in the Sport Industry
688NOOK Book(eBook)
Available on Compatible NOOK Devices and the free NOOK Apps.
Overview
Financial Management in the Sport Industry 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 current industry examples to apply the principles of financial management to sport. It then goes beyond the basics to show how financial management works specifically in sport - how decisions are made to ensure wealth maximization. Discussions include debt and equity financing, capital budgeting, facility financing, economic impact, risk and return, time value of money, and more. The final section focuses on sport finance in three sectors of the industry - public sector sports, collegiate athletics, and professional sport-providing in-depth analysis of financial management in each sector. Sidebars, case studies, concept checks, and practice problems throughout provide practical applications of the material and enable thorough study and practice.
The business of sport has changed dynamically since the publication of the first edition, and this second edition reflects the impact of these changes on financial management in the sport industry. New to this edition are changes to reflect the global nature of sport (with, for example, discussions of income tax rates in the Premiere League), expanded material on the use of spreadsheets for financial calculations, a primer on accounting principles to help students interpret financial statements, a valuation case study assignment that takes students step by step through a valuation, a new stadium feasibility analysis using the efforts of the Oakland Raiders to obtain a new stadium, a new economic impact example focusing on the NBA All Star game, and much more.
Product Details
ISBN-13: | 9781000351736 |
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Publisher: | Taylor & Francis |
Publication date: | 04/01/2021 |
Sold by: | Barnes & Noble |
Format: | NOOK Book |
Pages: | 688 |
About the Author
Matthew T. Brown is Interim Dean of the College of Hospitality, Retail and Sport Management at the University of South Carolina, USA, where he teaches and researches in the areas of sport business and finance. Brown has served as the Chief Financial Officer of the Southern Ohio Copperheads and Treasurer of the Board of Directors of the Southern Ohio Collegiate Baseball Club. He served as Treasurer of the North American Society for Sport Management from 2006 to 2012. In 2003, Brown was named the Jefferson College Alumnus of the Year and in 2018 received the Garth Paton Distinguished Service Award, North American Society for Sport Management.
Daniel A. Rascher teaches and publishes research on sports business topics and consults to the sports industry. At SportsEconomics and OSKR, he has worked on over 150 sports business engagements. He is Co-Director of the Sport Management Program at the University of San Francisco, USA. He has been named Research Fellow of the North American Society for Sport Management and received the Lifetime Achievement Award from the Applied Sport Management Association. Dr. Rascher has testified as an expert witness in federal and state courts, in arbitration proceedings, and provided public testimony numerous times to state and local governments.
Mark S. Nagel is Professor in the Department of Sport and Entertainment Management at the University of South Carolina, USA. Prior to joining the department, Nagel was Director of the graduate sport management program at Georgia State University, USA. He currently serves as an adjunct faculty member at the University of San Francisco, USA and St. Mary's College of California, USA. Nagel has served as Treasurer for the North American Society for Sport Management and the Sport and Recreation Law Association. He is also the Associate Director of the College Sport Research Institute, USA.
Chad D. McEvoy is Vice Provost for Faculty Affairs at Northern Illinois University, USA. He previously served as President of the Sport Marketing Association and as editor of two academic journals in the sport management discipline. His professional affiliations include the North American Society for Sport Management and the Sport Marketing Association. He served as a panelist before the prestigious Knight Commission on Intercollegiate Athletics in a discussion on the effectiveness of NCAA penalties for rules violations. Dr. McEvoy’s professional industry experience is in intercollegiate athletics marketing.
Table of Contents
Part I: Finance Basics
1 Introduction to Sport Finance
Matthew T. Brown
2 Analyzing Financial Statements and Ratios
Chad D. McEvoy
3 Risk
Matthew T. Brown
4 Time Value of Money
Mark S. Nagel
Part II: Financial Management
5 Introduction to Financial Management
Mark S. Nagel
6 Budgeting
Tom H. Regan and Matthew T. Brown
7 Debt and Equity Financing
Daniel A. Rascher
8 Capital Budgeting
Matthew T. Brown
Part III: Application of Financial Management in Sport
9 Facility Financing
Daniel A. Rascher
10 Valuation
Daniel A. Rascher
11 Feasibility Studies
Daniel A. Rascher
12 Economic Impact Analysis
Daniel A. Rascher
13 Public Sector Sport
Matthew T. Brown
Part IV: Financial Attributes of Select Sport Industry Segments
14 College Athletics
Matthew T. Brown
15 Professional Sport
Mark S. Nagel
16 International Sport Finance
Nicholas M. Watanabe