Foundations of Sport Business & Finance

Catalog description

This course examines the financial tools that sports managers use to run their sport businesses. As such, it explores traditional and innovative methods of revenue acquisition and financial management in sports organizations, the financial business structure of sports organizations, and the financial planning and forecasting processes that make organizations effective. Various other aspects of finance are discussed as they relate to sports organizations with a special focus on strategy. It is not good enough just to know some financial terms or formulas. At some point, actions need to be taken based on financial criteria and such actions have real world financial ramifications.