Year: 2024
Type: article
Abstract: The primary aim of this study is to examine the economic dimensions of the sports industry and thefinancial management of sports organizations, explaining key concepts in these areas and highlighting theirimportance. This study covers the basic principles of sports economics and the role of financialmanagement in sports organizations. Topics such as the economic impact of the sports industry, televisionrights, sponsorship revenues, and ticket sales will be discussed. Additionally, the strategic role of financialmanagement in sports organizations, budgeting processes, and revenue‐expense management will beexplored. This study is based on a literature review and the evaluation of expert opinions on the topic.Information obtained from existing academic sources is used to support the basic principles of sportseconomics and financial management. The findings of the study show that the economic impacts of sportseconomics in the sports industry are significant and increasingly important. Furthermore, it is emphasizedthat financial management plays a strategic role for sports organizations, and effective financialmanagement is critical for the sustainability of organizations. Sports economics and financial managementare crucial disciplines for the successful operation of sports organizations. Correct strategies in these areascan enhance the financial success of organizations and ensure their long‐term sustainability. Therefore, itis of great importance for professionals in the sports industry and relevant stakeholders to improve theirknowledge and skills in these fields.
Author: Hayrettin GÜMÜŞDAĞ
Institution: Yozgat Bozok Üniversitesi
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4408887840