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Sport Finance 4th Edition With Web Resource

Sport Finance 4th Edition With Web Resource

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$109.00 USD

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    Book

    Sport Finance, Fourth Edition With Web Resource, grounds students in the real world of financial management in sport, showing them how to apply financial concepts and appreciate the importance of finance in establishing sound sport management practices. Utilizing a modern and practical approach, the text encourages students to take a strategic organizational perspective in learning financial skills while gaining a deeper understanding of the reasoning behind the principles of sport finance.

    The fourth edition of Sport Finance has been revised and restructured to reflect the evolving needs of students entering the dynamic sport industry. Content updates and additions include the following:
    • A new chapter dedicated to assets (such as players, facilities, and goodwill) and liabilities (such as player salaries and long-term debt) and how they affect a sport organization
    • Expanded coverage of strategies to increase revenue and reduce expenses for greater profitability, enhanced with an example from a real-world athletic department
    • New chapters about reviewing financial statements, planning, and building a financial strategy to help guide decisions to create, expand, or exit a sport business or organization
    • Five new case studies covering a variety of sectors, sports, and countries to give students the opportunity to apply the concepts to practical scenarios
    To further relate the content to real situations for students, study questions about each of the case studies have been incorporated into a new student web resource. The web resource also includes an interactive simulation called “The Two Dollar Team” that directly engages students with the book’s topics, including assets and liabilities, revenue and expenses, budgeting, cash management, and borrowing. Instructors will also find additional activities and a case study in the companion instructor guide, and they will receive a test package and presentation package.

    Sport Finance, Fourth Edition, will enable students to grasp fundamental concepts in sport finance. By analyzing business structures, financial statements, and funding options, students will not only learn basic finance but will also understand how those skills are used to build a strategy and make sound financial decisions in the world of sport.

    Audience

    A text for students taking upper-undergraduate and graduate sport finance and related courses; a reference for sport business professionals.

    Table of Contents

    Preface
    Acknowledgments

    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?
    Current Financial Problems Facing Sporting Goods and Other Retailers
    Financial Solutions
    How Sport Finance Affects an Entire Sport Organization or Industry
    Conclusion

    Chapter 2. Sport Industry Financial Trends
    Trends in Amateur and Participatory Sport
    Trends in College Sports
    Trends in Professional Sports
    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
    Where to Find Assets
    Identifying Liabilities Throughout a Sports Organization
    Conclusion

    Part I Case Study: Financing Soccer Around the World

    Part II. Revenue and Expenses

    Industry Spotlight: Nathan Grube

    Chapter 5. Understanding Revenue
    Revenues in the Sport Industry
    Revenues in Professional Sport
    Revenues in Intercollegiate Athletics
    Revenues in the Sporting Goods Industry
    Revenue Planning
    Conclusion

    Chapter 6. Understanding Expenses
    Expenses in the Sport Industry
    Expenses in Professional Sport
    Expenses in Intercollegiate Athletics
    Expenses for a Sporting Goods Manufacturer
    Other Expenses for Sport Organizations
    Conclusion

    Part II Case Study: Minor League Baseball Revenue and Expenses

    Part III. Developing a Budget

    Industry Spotlight: Josh Vanada

    Chapter 7. 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 8. The Budgeting Process
    Creating a Budget
    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 9. Methods for Funding a Business
    Where the Money Comes From
    Open Markets and Other Short-Term Borrowing
    Long-Term Borrowing
    Funding for Small or Minority-Owned Businesses
    Conclusion

    Chapter 10. Stocks and Bonds
    Stocks
    Shareholders’ Rights
    Sport Stocks
    Bonds
    Costs of Issuing Bonds
    Loan Repayment
    Government-Issued Bonds
    Conclusion

    Part IV Case Study: Financing a College Football Stadium

    Part V. Financial Statements and Strategic Planning

    Industry Spotlight: Ralph Willis

    Chapter 11. Financial Statements
    Types of Financial Statements
    Financial Statement Analysis
    Annual Reports
    Conclusion

    Chapter 12. Financial Planning
    Financial Forecasting
    Financial Planning Strategies
    Cash Management Strategies
    Capital Spending
    Cost of Capital
    Projecting Cash Flow
    Break-Even Analysis
    Managerial Account
    Conclusion

    Chapter 13. Financial Ratios
    Liquidity Ratios
    Activity Ratios
    Financial Leverage Ratios
    Profitability Ratios
    Determining the 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: Tracking Industry Changes

    Appendix A: Under Armour Financial Statements
    Appendix B: Time Value of Money
    Appendix C: Formulas

    Glossary
    References
    Suggested Resources
    Index
    About the Authors

    About the Author

    Gil Fried, JD, is a professor and the chair of the sport management department in the College of Business at the University of New Haven. He worked as a financial analyst with Paul Kagan Associates and analyzed numerous broadcasting contracts. He has written a significant number of books and articles, taught graduate and undergraduate courses in sport finance, and lectured on finance topics to various audiences. In addition to teaching and writing, Fried serves as an expert witness in litigation related to personal injury or financial injury in the sports and entertainment industry.

    Fried enjoys playing badminton and collecting stamps—particularly revenue and sport stamps to utilize in his teaching.

    Tim 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 department of marketing and the associate director of the Vinik Sport and Entertainment Management program 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 also written 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.

     

    Ancillaries

    All ancillaries are free to course adopters and available at www.HumanKinetics.com/SportFinance.

    Instructor guide. Includes chapter outlines, chapter summaries, assignments, answers to the class discussion topics in the book, class projects, suggested essay topics, tips for presenting the chapter content, Excel-based activities, a major case study on the golf industry, and case study questions that may be assigned to assess student understanding and progress.

    Test package. Contains a bank of questions in true-or-false, short-answer, and multiple-choice formats.

    Presentation package. Includes PowerPoint slides of text, artwork, and tables from the book that can be used for class discussion and presentation. The slides in the presentation package can be used directly within PowerPoint or printed to make transparencies or handouts for distribution to students. Instructors can easily add, modify, and rearrange the order of the slides.

    The presentation package is also available for purchase • ISBN 978-1-4925-7138-4

    Web resource. Features a simulation called “The Two Dollar Team” that gives students hands-on experience with various financial topics such as assets and liabilities, revenue and expenses, budgeting, cash management, and borrowing. The web resource also includes study questions associated with each of the five case studies from the book.
    The web resource is also available for purchase separately • ISBN 978-1-4925-7139-1