Finance theory applied to sport organizations. Included are
forms of ownership, revenues and costs in sport organizations,
financial analysis, feasibility studies, economic impact
studies, and public finance of sport.
Additional Requirements for Graduate Students: Graduate students are expected to achieve standards of
scholarship consistent with study at the masters level. Graduate
students are expected to read more extensively and integrate
materials more thoroughly than undergraduates, and will be
graded with higher standards and expectations. Additional work
will also be required. The exact nature of the additional work
will be determined by the instructor; examples are additional
readings summarized in a written report, a careful review of
primary research with an application relevant to the topic, or
other projects that apply knowledge gained in the course to
specific problems. In all cases, the additional work must
demonstrate a mastery of this topic at the masters level of
graduate study.
Athena Title
Sport Finance
Equivalent Courses
Not open to students with credit in KINS 4520E or KINS 6520E
Prerequisite
(ECON 2106 or ECON 2106E or ECON 2106H) and (KINS 3430 or KINS 3430E)
Semester Course Offered
Offered fall and spring
Grading System
A - F (Traditional)
Student learning Outcomes
After completing the course students will be able to describe key characteristics of sports organizations.
After completing the course students will be able to identify principal sources of financing for sports– public and private.
After completing the course students will be able to summarize financial principles as they apply to sports organizations including response to tax incentives, capital budgeting, sources of cash flow, and risk management.
After completing the course students will be able to critique justifications for public finance of sport including critical analysis of economic impact studies.
Topical Outline
1. Overview of the sports industry
2. Challenges of financing sport
3. Revenue sources in sports: gate and stadium revenue, broadcasting revenue, advertising and sponsorship
4. Costs in sports organizations
5. Business structure and financial systems in sports
6. Time value of money applications to sport
7. Capital budgeting applications to sport
8. Risk management and portfolio theory applications to sport
9. Public funding of sports facilities: feasibility studies, Economic Impact Analysis, Contingent Valuation Method
10. Team sport league financial issues: sharing revenue, payroll caps
