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Financial Management in the Sport Industry provides readers with an understanding of sport finance and the importance of sound financial management in the sport industry. It begins by covering finance basics and the tools and techniques of financial quantification, using current industry examples to apply the principles of financial management to sport. It then goes beyond the basics to show how financial management works specifically in sport - how decisions are made to ensure wealth maximization. Discussions include debt and equity financing, capital budgeting, facility financing, economic impact, risk and return, time value of money, and more. The final section focuses on sport finance in three sectors of the industry - public sector sports, collegiate athletics, and professional sport-providing in-depth analysis of financial management in each sector. Sidebars, case studies, concept checks, and practice problems throughout provide practical applications of the material and enable thorough study and practice. The business of sport has changed dynamically since the publication of the first edition, and this second edition reflects the impact of these changes on financial management in the sport industry. New to this edition are changes to reflect the global nature of sport (with, for example, discussions of income tax rates in the Premiere League), expanded material on the use of spreadsheets for financial calculations, a primer on accounting principles to help students interpret financial statements, a valuation case study assignment that takes students step by step through a valuation, a new stadium feasibility analysis using the efforts of the Oakland Raiders to obtain a new stadium, a new economic impact example focusing on the NBA All Star game, and much more.
On July 7, 2009, Al Franken was sworn in as Minnesota's junior U.S. senator-eight months after Election Night. In the chill of November 2008, Republican incumbent Norm Coleman led by a slim 215 votes, a margin that triggered an automatic statewide recount of more than 2.9 million ballots. Minnesota's ensuing recount, and the contentious legal and public relations battle that would play out between the Franken and Coleman lawyers and staff, simultaneously fascinated and frustrated Minnesotans and the nation-all while a filibuster-proof Senate hung in the balance. This Is Not Florida is the behind-the-scenes saga of the largest, longest, and most expensive election recount in American history. Reporter Jay Weiner covered the entire recount process-for which he was honored with Minnesota's most prestigious journalism award-following every bizarre twist and turn and its many colorful personalities. Based on daily reporting as well as interviews with more than forty campaign staffers and other participants in the recount, This Is Not Florida dives into the motivations of key players in the drama, including the exploits of Franken's lead attorney Marc Elias, some of the mistakes made by Coleman advisers, and how the Franken team's devotion to data collection helped Franken win the recount by a mere 312 votes. In a fascinating, blow-by-blow account of the historic recount that captivated people nationwide, Jay Weiner gets inside campaign war rooms and judges' chambers and takes the reader from the uncertainties of Election Night 2008, through the controversial State Canvassing Board and a grueling eight-week trial, to an appeal to Minnesota's Supreme Court, and finally to Al Franken's long-awaited and emotional swearing-in. This Is Not Florida presents an important and unforgettable moment in political history that proved that it's never really over until it's actually over
From a New York Times best-selling historian and Pulitzer Prize finalist, a sweeping epic of how the Vikings and their descendants have shaped history and America