Sport Funding and Finance
By Bob Stewart
Routledge – 2014 – 256 pages
Series: Sport Management Series
Sport Funding and Finance is a complete introduction to the macro-level and micro-level aspects of sport finance. It describes the evolution of sport from a kitchen-table operation into the sophisticated, boardroom-driven global financial industry that it is today, using the professional sports leagues of the US and Europe as an international benchmark, and explains why the financial context is so important for all managers working in sport. The book also provides a step-by-step introduction to the principles and practice of effective financial management, providing the reader with a complete set of professional tools and skills for use in the sport industry.
Now in a fully revised and updated new edition, the book develops the reader’s understanding by first explaining basic concepts in finance and accounting before progressing to more complex issues and ideas. It covers every key topic in financial management, including:
Every chapter includes a blend of theory, contextual material and real-world data and case studies from around the world, clearly linking principles to practice, as well as review questions and problem-solving exercises to text the reader’s understanding. Sport Funding and Finance is the perfect foundation text for any degree-level course in sport finance, and an invaluable reference for any sport management professional looking to deepen their understanding of funding and finance.
Section A: The Context 1. The Financial Evolution of Sport 2. The Funding of Sport 3. Financing Big-Time Sport 4. Government Funding of Sport Section B: The Practice 5. Foundations of Sport Finance 6. Setting up the Accounts 7. Financial Analysis 8. Costing 9. Pricing 10. Budgeting 11. Cost-Benefit Analysis 12. Feasibility Studies Section C: The Future 13. Financing Sport in the Future