Sport Finance Chapter 1 & 2

A common source of revenue for amateur sports are ticket sales

A team treasurer assists in the collection of player, club & team fees

Sport finance entails how to determine the value of various decisions

Accounting, Economics & Finance overlap when moving a team from city to city

With Financial Stability you need to plan out where you want to be in the future

Team treasurer is tasked with paying for the teams expenses

Esports as a sport has become stagnant

Most common revenue sources for amateur sports are:

34% of parents believe they're kids will go to the olympics or become pro because of travel sports

Travel teams should not have a contingency fund

Less than half of families hope their child plays in college because of travel sports

What % of parents think their child will play in the olympics because of playing travel sports?

Measure twice, cut once is a key to Financial Stability

How many americans pay for a gym membership?

The youth sport industry in the U.S. generates over:

Major cost of hosting an extreme sport competition

Extreme Competition in sports has seen a big increase of participants in the recent years

Sport Finance does not affect an entire sport organization?

Create a budget:

You need to prepare for financial issues that might arise

First Key to financial stability:

a team treasurer is tasked with developing & implementing a budget for the team

Expenses at the youth sport level most commonly go to field and facility expenses, uniforms, equipment & travel

Most valuable sport organization in 2016

Average cost of one kid for travel sports in a year