Description
Book SynopsisSport Finance, Fourth Edition, allows students to grasp fundamental concepts in sport finance through a practical approach that encourages them to take a strategic organizational perspective in gaining a deeper understanding of financial challenges and opportunities.
Table of ContentsPreface
Acknowledgments
Industry Spotlight: Will Cashman
Part I. Basics of Sport Finance Industry Spotlight: Hugo C. Chávez Barroso
Chapter 1. Introduction to Sport Finance
Personal Finance Basics
What Is Sport Finance?
Current Financial Problems Facing Sporting Goods and Other Retailers
Financial Solutions
How Sport Finance Affects an Entire Sport Organization or Industry
Conclusion
Chapter 2. Sport Industry Financial Trends
Trends in Amateur and Participatory Sport
Trends in College Sports
Trends in Professional Sports
Conclusion
Chapter 3. Basic Financial Concepts
Revenues and Expenses
Types of Financial Statements
Financial Ratios
Time Value of Money
Economic Versus Financial Analysis
Conclusion
Chapter 4. Assets and Liabilities
Where to Find Assets
Identifying Liabilities Throughout a Sports Organization
Conclusion
Part I Case Study: Financing Soccer Around the World
Part II. Revenue and Expenses Industry Spotlight: Nathan Grube
Chapter 5. Understanding Revenue
Revenues in the Sport Industry
Revenues in Professional Sport
Revenues in Intercollegiate Athletics
Revenues in the Sporting Goods Industry
Revenue Planning
Conclusion
Chapter 6. Understanding Expenses
Expenses in the Sport Industry
Expenses in Professional Sport
Expenses in Intercollegiate Athletics
Expenses for a Sporting Goods Manufacturer
Other Expenses for Sport Organizations
Conclusion
Part II Case Study: Minor League Baseball Revenue and Expenses
Part III. Developing a Budget Industry Spotlight: Josh Vanada
Chapter 7. Budgeting: A Road Map for Sports Organizations
Importance of Financial Planning
Determining Financial Objectives
The Anatomy of a Budget
Budget Types
Pro Forma Budgets and Business Plans
Incorporating the Pro Forma Budget Into the Business Plan
Conclusion
Chapter 8. The Budgeting Process
Creating a Budget
Applying the Data
Building the Budget From the Ground Up
Variance Analysis
Conclusion
Part III Case Study: Minor League Baseball Operational Budget
Part IV. Cash Management Industry Spotlight: Ken Wajda
Chapter 9. Methods for Funding a Business
Where the Money Comes From
Open Markets and Other Short-Term Borrowing
Long-Term Borrowing
Funding for Small or Minority-Owned Businesses
Conclusion
Chapter 10. Stocks and Bonds
Stocks
Shareholders’ Rights
Sport Stocks
Bonds
Costs of Issuing Bonds
Loan Repayment
Government-Issued Bonds
Conclusion
Part IV Case Study: Financing a College Football Stadium
Part V. Financial Statements and Strategic Planning Industry Spotlight: Ralph Willis
Chapter 11. Financial Statements
Types of Financial Statements
Financial Statement Analysis
Annual Reports
Conclusion
Chapter 12. Financial Planning
Financial Forecasting
Financial Planning Strategies
Cash Management Strategies
Capital Spending
Cost of Capital
Projecting Cash Flow
Break-Even Analysis
Managerial Account
Conclusion
Chapter 13. Financial Ratios
Liquidity Ratios
Activity Ratios
Financial Leverage Ratios
Profitability Ratios
Determining the Company’s Value
Techniques to Determine the Value of an Investment
Conclusion
Chapter 14. Moving From Strategy to Action
Creation Strategy
Finding Funds and Investors
Keeping an Even Keel
Growth and Expansion
Contraction
Selling a Business
Conclusion
Part V Case Study: Tracking Industry Changes
Appendix A: Under Armour Financial Statements
Appendix B: Time Value of Money
Appendix C: Formulas
Glossary
References
Suggested Resources
Index
About the Authors
