Overview

The sports business landscape has changed dramatically in the past two decades. Teams and facilities have become integral parts of the businesses of real estate and development, entertainment, and the media. While an understanding of core financial management issues specific to the sports industry is still mandatory, a greater appreciation of financial and management issues that link teams to the dynamic forces that make it possible to listen or to watch games at home, on the road, or anywhere a fan happens to be is also needed. Sports Finance and Management: Real Estate, Entertainment, and the Remaking of the Business takes an in-depth look at the changes in the sports industry, including the interconnecting financial issues that occur when a sports team becomes a part of bigger companies, the altered nature of fan loyalty influenced by network and Internet footprint, dramatic changes in sports venues driven by the trend for single-purpose stadiums, and league policies such as revenue sharing, luxury taxes, and salary caps. The authors have deliberately not chosen sports examples to teach general finanancial and management concepts. Rather, they use basic financial and management concepts to illsutrate the differences and uniqueness of the sports industry. This gives students tackling finance issues for the first time a firm foundation, while allowing those more expert in financial issus to apply their skills and knowledge to the issues specific to the sports industry. Capturing the issues that make the sports industry different from any other, the text examines the effects of public financing, unique pricing structures, and roster depreciation allowances. It includes a detailed treatment of risk measurement based on the monetary value placed on championship wins and the influence fixed rosters have on the investment horizon. These features and more give students the foundation needed to understand finance and management as well as the idiosyncrasies of the sports industry.

Full Product Details

Author:   Jason A. Winfree (University of Michigan) ,  Mark S. Rosentraub (University of Michigan, USA) ,  Brian M Mills (University of Florida, Gainesville, FL)
Publisher:   Taylor & Francis Inc
Imprint:   CRC Press Inc
Dimensions:   Width: 15.60cm , Height: 3.30cm , Length: 23.40cm
Weight:   1.900kg
ISBN:  

9781439844717

ISBN 10:   1439844712
Pages:   500
Publication Date:   29 August 2011
Audience:   College/higher education ,  General/trade ,  Tertiary & Higher Education ,  General
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Ownership. The Value of Teams. Components of Revenue Streams: Facility Revenue. Components of Revenue Streams: Media Revenue. Components of Revenue Streams: Real Estate Development. Components of Revenue Streams: Ticket Pricing Strategies. Facility Financing. The Demand for Sports - What Impacts Fans and Their Spending. Competitive Balance and Revenue Sharing. Personnel Management - Players, Coaches, General Managers and Owners. Sports, Taxes, and Profits and Loss.

Reviews

! sheds light on issues that are unique to the sports business ! takes an in-depth look at the changes in the sports industry, including the interconnecting financial issues that occur when a sports team becomes a part of bigger companies ! captures the issues that make the sports industry different from any other. -- NeoPopRealism - Wonderpedia, Jan/Feb. 2012

... sheds light on issues that are unique to the sports business ... takes an in-depth look at the changes in the sports industry, including the interconnecting financial issues that occur when a sports team becomes a part of bigger companies ... captures the issues that make the sports industry different from any other. - NeoPopRealism - Wonderpedia, Jan/Feb. 2012

… sheds light on issues that are unique to the sports business … takes an in-depth look at the changes in the sports industry, including the interconnecting financial issues that occur when a sports team becomes a part of bigger companies … captures the issues that make the sports industry different from any other. — NeoPopRealism - Wonderpedia, Jan/Feb. 2012

Author Information

Jason Winfree, Ph.D., is Associate Professor, Sport Management in the School of Kinesiology's Department of Sports Management at the University of Michigan. Dr. Winfree is a sports economist, whose primary research focuses on professional and collegiate athletics. Mark S. Rosentraub, Ph.D. holds the Bickner Chair in the School of Kinesiology's Department of Sports Management at the University of Michigan. Previously, he was dean and professor at the Levin College of Urban Affairs at Cleveland State University and an associate dean and professor in the School of Public and Environmental Affairs, Indiana University.

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