FIN 651 - Sports and Entertainment Finance

This course applies the concepts of financial resource management to the operation of programs in the sports industry to provide students with knowledge of financial management as it relates to the sports industry. Students will use financial information, methods and tools – long-term financing, budgeting, statement and ratio analysis, time value, cash flow management, breakeven analysis, and asset allocation – to analyze the success of sports organizations. The analysis of the financial structure of sport organizations and activities will address issues related to leagues, teams, tours, college programs, and sports facilities. Issues will be discussed relating to various sources and uses of funds (ticket prices, government subsidies, tax support, municipal and corporate bonds, concessions, fundraising, media revenues, players’ salaries, sponsorship), as well as the ethics involved with controversial financial issues in sports. Financial details concerning for-profits versus not-for-profits, including budgeting for events and facilities for professional, university, and recreation “arenas,” will be compared.
Lecture
3 Credits
Prerequisite: MBA 550