Financial Management in the Sport Industry

Sports financial management is a management function that deals with planning, raising, controlling and administering the funds of a sports organization. This function allows the organization to measure and monitor its expenditure and the impact it has on the sports organization. It gives the management the much-needed flexibility to make adjustments in their budgets. In sports industry, efficient financial management is significant for the success of any sports program. The most crucial aspects of financial administration are funds management, resolution of budget issues, and knowing the most important area within a particular program. The first step in sports financial management is to decide what resources are available and how to distribute them. Furthermore, it involves reviewing prior financial records for existing programs and developing a new budget and strategy for new programs, which necessitates collaboration with important stakeholders to determine the optimum allocation of financial resources. This book contains some path-breaking studies on sports financial management. Those in search of information to further their knowledge will be greatly assisted by it.