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2-1 Discussion Financial Strengths

2-1 Discussion Financial Strengths

Q Watch the first 20 minutes of the following video: Modern Sports Finance. Discuss the importance of being financially strong within your organization. How are the people in the video demonstrating strong financial management? When responding to your peers’ posts, do you agree or disagree with your peers’ assessments of the financial strengths that they noted? What would you suggest as a different strategy? As a future sport manager, what would you suggest to your classmates to improve your position? Refer to the Discussion Rubric for directions on completing this discussion. Rubrics • Discussion Rubric: Undergraduate

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When responding to your peers’ posts, do you agree or disagree with your peers’ assessments of the financial strengths that they noted? What would you suggest as a different strategy? As a future sport manager, what would you suggest to your classmates to improve your position? Refer to the Discussion Rubric for directions on completing this discussion. Rubrics • Discussion Rubric: Undergraduate It is important for every sports organization to become financially strong so that the financial inflow and outflow can be managed effectively. This is because there will have to be investments made, taxes paid, as well as income earned and distributed among organizational members of sports organization in a fair manner. There can be diversified rates of taxation which sports organizations might have to pay in different locations of operations. There can also be diversified categories of taxes which might have to paid by sports organizations to adhere to the regulations of the government in areas of operations. There can be crisis situations like pandemic situations in which sports organizations might not be able to function continuously. Therefore, there will not be much revenue generated in such