ABSTRACT
Introduction to sport facility financial management. . . . . . . . . . . . . . . . . . . . . . . . 103
Learning the language . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104
Finance fundamentals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106
Financial planning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115
Chapter review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122
This chapter is concerned with giving readers an overview of why financial skills are an important part of the sport facility manager’s overall portfolio of management skills. Finance has often been described as the ‘language’ of business. Peoplewhowish to progress their careers need to be fluent in this language both in terms of understanding it and being able to communicate in it. You will not become fluent in finance by reading one chapter of a book. However, having read this chapterwe hope that you feel you have been pointed in the right direction and will have the enthusiasm to develop your financial skills further.
