PERHAPS A GIFT VOUCHER FOR MUM?: MOTHER'S DAY

Close Notification

Your cart does not contain any items

$226.25

Paperback

Not in-store but you can order this
How long will it take?

QTY:

English
Human Kinetics
29 April 2024
"The burgeoning global sport industry is a $500 billion business with no signs of slowing down. For the upper-undergraduate and graduate sport management student exhibiting a penchant for finances and a passion for sports, the field of sport finance presents tremendous career opportunities.

No other textbook connects financial principles with real-world sport finance strategies as effectively as Sport Finance, Fifth Edition With HKPropel Access. Emphasizing a more practical approach, the fifth edition goes beyond the what and how of sport finance and dives deeper into the why-the reasoning behind the principles of sport finance-providing students with an even more comprehensive perspective on what drives the financial success or failure of any sport entity.

The text is organized into five areas, focused on the hard skills tomorrow's sport financiers must master to perform their role: increasing revenues and decreasing expenses, developing budgets, understanding financial statements and ratios, obtaining funding and managing cash, and building a financial strategy. Each section features an insightful introduction by a renowned industry professional, providing a real-world perspective that's sure to pique readers' interest. Chapters addressing revenues and expenses include budgets from the sporting goods industry, intercollegiate athletics, and professional sports.

The sport industry landscape has changed significantly since the previous edition was published, and the fifth edition reflects the new realities affecting today's sport organizations. Addressed are name, image, and likeness (NIL) rule changes; esports; cryptocurrencies; non-fungible tokens (NFTs); sport gambling; the proliferation of broadcasting rights and the sneaker market; and the impacts of COVID-19 on the sport industry.

The fifth edition's practical takeaways are especially prominent with the addition of related online resources available to students and assignable by instructors via HKPropel. One highlight is ""Two-Dollar Team,"" an Excel-based simulation that introduces students to assets and liabilities, revenue and expenses, budgeting, cash management, and borrowing and reveals how these specialties work together in developing financial strategies. Three other assignable class projects involve personal budgeting, expenditures, and a stock market game. Other new features include five brand-new case studies and a profile of a typical health club, ""Mike's Gym,"" in which students are challenged to put their learning to the test by reading and understanding financial statements, setting budgets, and identifying strengths, weaknesses, and growth opportunities for the fictional facility.

Sport Finance provides students with a thorough understanding of the ?nancial and economic aspects of the sport industry. By analyzing sport business entities and structures, financial statements, and funding sources, students will acquire the skills to make more informed and effective financial decisions, better manage the risks, and recognize opportunities in the world of sport.

Note: A code for accessing HKPropel is included with all new print books."

By:   , ,
Imprint:   Human Kinetics
Country of Publication:   United States
Edition:   Fifth Edition
Weight:   1.043kg
ISBN:   9781718217409
ISBN 10:   1718217404
Pages:   376
Publication Date:  
Audience:   College/higher education ,  Primary
Format:   Paperback
Publisher's Status:   Active
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? Financial Problems Affecting Sport Industry Segments Financial Solutions How Sport Finance Affects an Entire Sports Organization or Industry Conclusion Chapter 2. Sport Industry Sectors and Segments Amateur and Participatory Sport College Sport Professional Sport Segments Transcending the Sport Sectors 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 Identifying Assets Identifying Liabilities Conclusion Chapter 5. Financial Statements Types of Financial Statements Financial Statement Analysis Annual Reports Conclusion Part I Case Study: Responding to Rapid Growth Part II. Revenue and Expenses Industry Spotlight: Donna Kirby Chapter 6. Understanding Revenue Revenues in the Sport Industry Revenues in Professional Sport Revenues in Intercollegiate Athletics Revenues in the Sporting Goods Industry Revenue Planning Revenue Generation Conclusion Chapter 7. Understanding Expenses Expenses in the Sport Industry Expenses in Professional Sport Expenses in Intercollegiate Athletics Expenses in the Sporting Goods Industry Other Expenses for Sports Organizations Conclusion Part II Case Study: Various Approaches to Making a Profit in the Athletic Shoe Industry Part III. Developing a Budget Industry Spotlight: Sheena C. Williams-Zmuda Chapter 8. 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 9. The Budgeting Process Collecting the Data 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 10. Short-Term Cash Management Funding Sources Cash Management Strategies Open Markets and Other Short-Term Borrowing Long-Term Borrowing Funding for Small or Ethnic Minority–Owned Businesses Conclusion Chapter 11. Long-Term Cash Management Stocks Shareholders’ Rights Stock Dividends Sport Stocks Stock Buybacks Bonds Costs of Issuing Bonds Loan Repayment Government-Issued Bonds Long-Term Borrowing Conclusion Part IV Case Study: Golden State Warriors Sued Due to a Partnership With FTX Entities Part V. Financial Statements and Strategic Planning Industry Spotlight: Ralph Willis Chapter 12. Financial Planning Financial Forecasting Financial Planning Strategies Capital Spending Cost of Capital Projecting Cash Flow Break-Even Analysis Managerial Accounting Conclusion Chapter 13. Financial Ratios Liquidity Ratios Activity Ratios Financial Leverage Ratios Profitability Ratios Determining a 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: Financial Ethics Appendix A. Mike’s Gym Financial Statements Appendix B. Under Armour Financial Statements Appendix C. Time Value of Money Appendix D. Formulas

Gil Fried, JD, is a professor at the University of West Florida (UWF) and chair of the administration and law department, which encompasses legal studies, construction management, sport management, and public administration. He started at UWF in 2021. Prior to his appointment at UWF, Fried was a professor in the Pompea College of Business at the University of New Haven for 21 years and retired in 2021 with the designation of professor emeritus. Fried is a specialist in sport law, sport finance, and sport facility management. He received his master’s degree in sport management and his law degree from The Ohio State University. He has taught courses and written numerous books and articles on sport risk management, sport facility management, sport analytics, esports, and sport finance. Fried speaks throughout the United States on issues such as building and financing facilities and dealing with risk management concerns. Timothy D. DeSchriver, EdD, is an associate professor in the department of hospitality business management at the University of Delaware. DeSchriver has worked as a field economist for the U.S. Department of Labor and has taught undergraduate and graduate courses in sport finance and sport economics since 1998. He has authored and contributed to several books and sport finance–related publications in refereed journals. In his spare time, DeSchriver enjoys road cycling, mountain biking, and hiking. Michael Mondello, PhD, is a professor in the School of Marketing and Innovation and the Vinik Sport and Entertainment Management program in the Muma College of Business at the University of South Florida. He teaches finance and analytics, with research interests in financial and analytical issues related to sport organizations, including competitive balance, economic impact analysis, contingent valuation, ticket pricing, and stadium financing. Mondello’s work has been published in International Journal of Sport Finance, Economic Development Quarterly, Sport Marketing Quarterly, International Journal of Sport Management, Journal of Sports Economics, Journal of Sport Management, and Management Decision. He has published a Harvard Business School case examining strategic philanthropy and the Tampa Bay Lightning. Mondello was recognized as a research fellow of the North American Society for Sport Management (NASSM) in 2007.

See Also