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Sport Finance

Course Description

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

Syllabus

Public CV

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