Sport Finance - 2nd Edition

by Fried, Gil

• ISBN13: 9780736067706
• ISBN10: 0736067701
• Edition: 2nd
• Format: Hardcover
• Copyright: 2007-11-26
• Publisher: Human Kinetics

Summary

"Sport Finance, Second Edition," shows students how to apply financial concepts and appreciate the importance of finance in sound sport management and operations.

Table of Contents

Preface

Acknowledgments

Introduction to the Case Studies

The Basics of Sport Finance

Financial Issues in Sport

Managing Money

Financial Skills

Billion-Dollar Teams

Billion-Dollar Broadcasting Deals

Stocks for Sale

Merger Mania

Sports Apparel Blues

Sports Sponsorship

Financing New Stadiums and Arenas

Basic Financial Concepts

Revenues and Expenses

Budgets

Proper Documentation

Determining Financial Objectives

Overview of Accounting Concepts

Financial Systems and How They Operate

Financial Markets

Financial Institutions

Government's Influence on Financial Markets

Environmental Conditions

Business Structure

Nonprofit Organizations

Sole Proprietorships

General and Limited Partnerships

Subchapter S Corporations

C Corporations

Limited Liability Corporations and Partnerships

Principles of Financial Analysis

Financial Statements, Forecasts, and Planning

Types of Financial Statements

Types of Financial Ratios

Preparing Financial Forecasts and Budgets

Break-Even Analysis

Time Value of Money

How Much Is Money Worth?

Risk

Approaches to Financial Planning

Importance of Financial Planning

Data Gathering

The Financial Planning Process

Developing a Pro Forma Budget

Incorporating the Pro Forma Budget in the Business Plan

Capital Structuring

Obtaining Funding

Unique Fund-Raising

Where the Money Comes From

Open Markets and Other Short-Term Borrowing

Long-Term Borrowing

Funding for Small or Minority-Owned Businesses

Basic Tools

Capital Acquisition Assistance

Capital Stocks

Common Stock

Preferred Stock

Shareholders' Rights

Going Public

Increasing Stock Values

Sport Stocks

Bonds

Corporate Bonds

Costs of Issuing Bonds

Loan Repayment

Government-Issued Bonds

Government Assistance: Industrial Development Bonds

Capitalization Problems and Issues

Financial Management

Capital Budgeting

Goal of Capital Budgeting

Capital Spending

Cost of Capital

Capital Budgeting Decision Methods

Risk and Capital Budgeting

Projecting Cash Flow

Short-Term Financial Management

Review of Current Assets and Liabilities

Cash Management

Credit Management

Collections Management

Inventory and Production Management

Business Costs

Inventory Management

Production Management

Profits

Taxation and Legal Issues

Benefits of Corporate Status

Financial Risk Management

Spending Earnings

Dividend Payments

Reinvestment

Mergers and Acquisitions

Current Sport Industry Example

Financial Troubleshooting

Auditing

Purposes of Auditing

Categories of Audits

Internal Controls

Independent Audits

Auditing Process

Detecting Fraud

Exit Strategy

Red Flags

Informal Reorganization

Informal Liquidation

Bankruptcy Protection

Removal of Business Assets

Selling a Business

Time Value of Money

Formulas

Suggested Resources

Glossary

References

Index

About the Authors

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