COVID-19 pandemic, volatility high been high in most industries, including the sports industry

Welcome to Sports Finance

The main thrust of this course is the application of principles and practices of financial management, as it applies to organizations in the sports industry. This course seeks to develop the financial skills necessary to gain an understanding of an array of financial concepts that impact sport managers. Students will examine financial strategies related to sport entities and organizations and will be introduced to current economic and financial issues that impact the sports industry. Included in the course are the basics of accounting, budgets and budgeting systems, performance measures creation, and financial statement evaluation for the purpose of cost analysis and planning. Other topics include budget development, funding, capital projects, economic impact, and supply and demand in the sports industry.

After successfully completing this course, students will fulfill the following Course Objectives (C.O.):

CO1: Explain and evaluate the core areas of finance and accounting in the sports business.

CO2: Describe the practical application of sports income and expenditures.

CO3: Investigate the issues regarding public/private financing of stadiums and sports facilities.

CO4: Discuss the economic impact of stadiums and facilities on local communities and hosting sport events and franchise valuation.

CO5: Analyze the sport manager’s position and the environment in which they must perform.


Volatility is the amount of fluctuation that occurs in a series of investment returns and the degree to which those returns deviate from the average. Most volatility translates into greater risk. Time is a factor in risk. Cash today is worth more to an investor than the same case in the future. How is risk measured? Risk is measured according to the level of risk and through the risk of time.

With the COVID-19 pandemic, volatility high been high in most industries, including the sports industry. Sports came to a halt in March of 2020. Having fans in the stands of the stadiums and arenas has been very difficult in 2020 and leagues are searching for alternative methods to recuperate revenue.

Types of Bankruptcy


Depending upon the overall health of a company, business bankruptcies can help struggling businesses in one of two ways. Here is a quick explanation of the options under specific chapters:

· When there is no chance of salvaging the business, this chapter allows the business to close in a transparent manner. While any business can use this chapter, it isn’t always the best choice.

· These chapters help businesses stay open by allowing them to make smaller monthly payments to creditors. The type of business determines which chapter the business can file.

The Sole Proprietor

As a sole proprietor, you and your business are one-in-the same, which, in a nutshell, means that you are responsible for all of the business debts. Because of this, both your personal and business finances are part of the bankruptcy and you must include all your assets and debts — both personal and business – when you file. You cannot exclude anything.

The Partnership

Partnerships are trickier, and often bankruptcy doesn’t provide much relief. In fact, a business bankruptcy can be financially harmful to individual partners if not careful.

The Corporation or LLC

Corporate bankruptcies have additional hurdles to scale before any filing can take place. For example:

· A corporation or limited liability company (LLC) must retain an attorney to file on its behalf.

· The bankruptcy can only be authorized by someone with authority to do so (which may be difficult if officers have abandoned the corporation).



The final project for this class is a multimedia presentation to the mayor and city council of a city that is trying to entice a National Football League (NFL), Major League Baseball (MLB), National Basketball Association (NBA), National Hockey League (NHL), or Major League Soccer (MLS) team to move to their city. You are the vice president of finance for a consulting firm that has been hired by the mayor and city council to give them a detailed analysis of what it would take to entice a team to move to their city. You are a member of the five person team that will conduct the analysis and make a presentation to the mayor and city council. Your responsibility is to provide the financial analysis for the project which includes the construction of a sports venue to accommodate the team.

For this assignment you will develop a thorough proposal and outline for your presentation. Remember that your presentation must be at least 15 slides. Your proposal and outline must encompass the financial concepts that are covered in this course. Begin your proposal and outline by developing the thesis of your presentation. Describe the thesis then outline it. The outline must contain at least three levels of detail for each major element in the outline. End the outline by writing a brief conclusion which summarizes your presentation. The proposal and outline should also have a reference page with five or more references formatted in APA writing style. The proposal and outline will guide you through developing your presentation.


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