Sport Funding and Finance provides a complete introduction to the macro-level and micro-level aspects of sport finance. It describes the evolution of sport from a kitchen-table operation into the sophisticated, boardroom-driven global financial industry that it is today. It uses the professional sports leagues of the US and Europe as an international benchmark, and explains why the financial context is so important for all managers working in sport. The book also provides a step-by-step introduction to the principles and practice of effective financial management, providing the reader with a complete set of professional tools and skills for use in the sport industry.
Now in a fully revised and updated new edition, the book develops the reader’s understanding by first explaining basic concepts in finance and accounting before progressing to more complex issues and ideas. It covers every key topic in financial management, including:
- Planning and strategy
- Financial projections
- Feasibility studies
- Economic impact analysis
- Ratio analysis
Every chapter includes a blend of theory, contextual material and real-world data and case studies from around the world, clearly linking principles to practice, as well as review questions and problem-solving exercises to test the reader’s understanding. Sport Funding and Finance is the perfect foundation text for any degree-level course in sport finance, and an invaluable reference for any sport management professional looking to deepen their understanding of funding and finance.
Table of Contents
Chapter 1. Financial Literacy and the Culture of Sport Chapter 2. Sport as a Special Form of Business Chapter 3. Financing Big Time Sport Chapter 4. Wealth, Profits and Inequality in Sport Enterprises Chapter 5. Profiteering from Sport Cartels Chapter 6. Complying with Financial Standards Chapter 7. Constructing the Accounts Chapter 8. Making Sense of the Accounts Chapter 9. Budgeting for Financial Control Chapter 10. Price Setting Chapter 11. Interrogating the Accounts Chapter 12. Dealing with Financial Mismanagement Chapter 13. Ensuring Financial Transparency Chapter 14. Doing Feasibility Studies Chapter 15. Undertaking Cost-Benefit Analysis
Bob Stewart is Associate Professor in Sport Management and Policy at Victoria University, Melbourne, Australia. He is also an affiliate of the University’s Institute of Sport, Exercise and Active Living (ISEAL). Bob has taught both undergraduate and postgraduate sport management programs for fifteen years, and is one of Australia’s leading sport management educators. His primary responsibilities have been sport finance, the management of drugs and supplements in sport settings, and sport regulation.