Sport Finance, Fifth Edition

The global sport industry is a massive $500 billion business, and Sport Finance, Fifth Edition provides the essential financial principles and real-world strategies needed to navigate this complex landscape. Authors Gil Fried, Michael Mondello, and Timothy D. DeSchriver emphasize a practical approach that moves beyond the “what” and “how” to explore the “why”—the reasoning behind financial decisions that drive the success or failure of sport entities.

The text is organized into five critical areas focused on the hard skills required for modern sport management: increasing revenues and decreasing expenses, developing budgets, understanding financial statements and ratios, obtaining funding and managing cash, and building comprehensive financial strategies. Each section features insights from renowned industry professionals, providing real-world perspectives on the sporting goods industry, intercollegiate athletics, and professional sports.

This updated edition reflects the significant changes in the sport industry landscape, addressing modern realities such as name, image, and likeness (NIL) rule changes, esports, cryptocurrencies, non-fungible tokens (NFTs), and sport gambling. It also explores the proliferation of broadcasting rights, the sneaker market, and the long-term impacts of COVID-19 on global sport organizations.

Book Details

• Title: Sport Finance, 5th Edition
• Authors: Gil Fried, Michael Mondello, Timothy D. DeSchriver
• Publisher: Human Kinetics
• Publication Date: March 25, 2024
• Language: English
• Print Length: 376 pages
• ISBN-10: 1718217404
• ISBN-13: 978-1718217409
• Dimensions: 8.47 x 0.88 x 10.95 inches