Sport Economics and Financial Management


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Gümüşdağ H.

Journal of Business Management and Economic Research (JOBMER), vol.8, no.4, pp.155-166, 2024 (Peer-Reviewed Journal)

Abstract

The primary aim of this study is to examine the economic dimensions of the sports industry and the

financial management of sports organizations, explaining key concepts in these areas and highlighting their

importance. This study covers the basic principles of sports economics and the role of financial

management in sports organizations. Topics such as the economic impact of the sports industry, television

rights, sponsorship revenues, and ticket sales will be discussed. Additionally, the strategic role of financial

management in sports organizations, budgeting processes, and revenue‐expense management will be

explored. 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 sports

economics and financial management. The findings of the study show that the economic impacts of sports

economics in the sports industry are significant and increasingly important. Furthermore, it is emphasized

that financial management plays a strategic role for sports organizations, and effective financial

management is critical for the sustainability of organizations. Sports economics and financial management

are crucial disciplines for the successful operation of sports organizations. Correct strategies in these areas

can enhance the financial success of organizations and ensure their long‐term sustainability. Therefore, it

is of great importance for professionals in the sports industry and relevant stakeholders to improve their

knowledge and skills in these fields.