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
  • Budgeting
  • Financial projections
  • Fundraising
  • Pricing
  • Costing
  • 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.

part |1 pages

Backdrop: Cultural and commercial context

chapter Chapter 1|21 pages

Financial literacy and the culture of sport

chapter Chapter 2|17 pages

Sport as a special form of business

chapter Chapter 3|16 pages

Financing big time sport

chapter Chapter 4|15 pages

Wealth, profits and inequality in sport enterprises

chapter Chapter 5|19 pages

Profiteering from sport cartels

part |1 pages

Basics: Foundation competencies

chapter Chapter 6|13 pages

Complying with financial standards

chapter Chapter 7|17 pages

Constructing the accounts

chapter Chapter 8|21 pages

Making sense of the accounts

chapter Chapter 9|16 pages

Budgeting for financial control

chapter Chapter 10|16 pages

Price setting

part |1 pages

Analysis: Critical capabilities

chapter Chapter 11|17 pages

Interrogating the accounts

chapter Chapter 12|17 pages

Dealing with financial mismanagement

chapter Chapter 13|16 pages

Ensuring financial transparency

chapter Chapter 14|13 pages

Doing feasibility studies

chapter Chapter 15|26 pages

Undertaking cost–benefit analysis