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Showing posts with label Sports Business. Show all posts
Showing posts with label Sports Business. Show all posts
All Players United: College Football Players Show Solidarity With Letters 'APU'
All Players United: College Football Players Show Solidarity With Letters 'APU': Some football players from Georgia, Georgia Tech and Northwestern had the letters APU – All Players United – written on their gear during Saturday's games as a show of solidarity that organizers hope will lead to changes in the NCAA.
Sports Business: Increasing Player Salaries and the United States Labor System
O ver the past 40 years-- the period of increasing economic inequality that former Slate writer Timothy Noah called "The Great Aberration"-- American's earnings have actually not expanded whatsoever, in dollars when adjusted for inflation.
However, Major League Baseball player earnings have actually increased twenty fold in real bucks: the ordinary major-league salary in 2012 was $3,213,479. The income disparity between ballplayers and their fans closely resembles the rising discrepancy between CEO’s and their employees, which grew during the same period from about 25-to-1 to 380-to-1.
Top teams ($ in millions)
- New York Yankees... 232,998,561
- Los Angeles Dodgers... 223,867,196
- Philadelphia Phillies... 170,353,189
- Boston Red Sox.. 152,028,000
- Detroit Tigers 145,989,500
Sports Business: The Business of Sports Management
In this article the business of sport management is discussed. Firstly, a brief definition to the notion of sport management is given followed by an explanation of its history.
is discussed and the second part of the article is dedicated to the current situation and prospects of sport management. Special attention is paid to the educational sphere and career opportunities that potential employees may have in the field of sport management. Finally, the article is concluded by prospects of sport management for full time employment.
Sports Business: What Do You Look For?
As with every other business, the sports industry requires funding in order to enhance its growth and ensure its survival. In the past, the financial aspect of the business was a task that was managed by the marketing manager.
Nowadays the overall responsibility of the financial status of the business is operated by the finance manager. The sports businesses also need to raise funds to increase their cash flow levels. They can do this through the stock exchange, mergers, acquisitions, promotions, athletes’ transfers etc.
Did George Karl Get Fools Gold with The Nuggets?
Denver Nuggets head coach George Karl was fired after being named the NBA "Coach of the Year". How in the world did that happen and what are the up to high on those Rocky Mountains?
George Karl must have thought they were kidding when he was called into Denver Nuggets owner Josh Kroenke's office a few days ago. He must have imagined a routine meeting to discuss possible off season moves. Maybe a little small talk about the great beaches abroad he would soon be visiting. Instead, the long time coach was fired by the very young billionaire with his father's money.The question today is not whether George Karl got a raw deal in being fired by the Denver Nuggets. The question is how did a coach with 26 years of experience as one of the winning-est coaches in NBA history make it this far? That's right, George Karl should never have had a job in the NBA for so long to start with. True, he is a coach with a solid resume of wins, but he never really ended up winning anything important in all those years.
Sports Business: The Challenges in Financing Sports
In earlier times the marketing manager of an athletic team would project sales, the engineering and production staffs would determine the assets necessary to meet those demands, and the financial manager's job was simply to raise the money needed to purchase the required plant, equipment and inventories.
That situation no longer exists. Decisions are now made in a much more coordinated manner, and the financial manager generally has direct responsibility for the overall financial status of any business.According to theory, a healthy economy depends on efficient transfers of funds from people who are net savers to firms and individuals who need funds. Without efficient transfers, the economy simply can not function. Thus, sport businesses, as individuals and government units, often need to raise funds. Stock exchange markets, merges, acquisitions, promotional techniques, athletes' transfers, diversification, product or market development and syndicated loans, constitute methods for increasing cash flow levels.
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