Summary: This book provides readers with an understanding of finance and the importance of sound financial management in the sport industry. It begins by covering finance basics and the tools and techniques of financial quantification, using relevant sport examples. It then goes beyond the basics to show how financial management works in the industry--how decisions are made to ensure wealth maximization. Discussions include time value of money, capital budgeting, facility fin ...show moreancing, economic impact, and risk and return. The final part of the book focuses on three sport industry sectors--parks and recreation, collegiate athletics, and professional sport--providing in-depth analysis of financial management within each sector. Sidebars, case studies, concept checks, and financial problems enable thorough study and practice. Readers learn to apply, and see how sport managers apply, financial management principles in real-life situations. ...show lessEdition/Copyright: 10
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