Financial Management Issues for Sports Events and Facilities

The Research Paper Assignment is the key assignment for SMGT 631. This Research
Paper Assignment is an opportunity for you to demonstrate a thorough understanding of
current issues and research, and to make practical applications of research to the sport
facility and event settings. This is a two-part assignment, with a 1–3-page APA formatted
Research Paper: Outline & Key Sources Assignment, and a 3,000-word (not including Title
Page or Reference list) APA formatted Research Paper: Final Draft Assignment, including
at least 5 peer-reviewed source

Financial Management Issues for Sports Events and Facilities

The SMGT631: Sports Event and Facility Management

Liberty University

Sports corruption in all its forms and degrees is a worldwide phenomenon that is the cause of

is in danger and continues to undermine the reputation of the sport sector, which has a substantial

challenges for sports managers. Different types of corruption have been seen in the field of sports.

over the past decade (Masters during the past decade (Masters). Because of the last century’s social, economic, and political changes, the last decade has seen a dramatic shift in

The growth of the sector of sports and its financial system is designed and implemented by the government,

that has led to corruption becoming more common, particularly in countries with a compromised public sector.

Andreff (2019) states that illegal or unethical conduct that is designed to deliberately

influence the outcome of a sport event to profit financially for one or several individuals taking part

the activity is regarded as to be a form of corruption in sports. It could be detected as early as bidding

procedure, post selections the granting of broadcasting rights or TV and the contracting of construction work

for sports facilities as well as for stadiums that host other sports facilities. This has also extended to illegal behavior such as

altering the allocation of major sporting events and influencing the decisions taken by the sport’s governing bodies

bodies. This paper aims to examine the financial management aspects for facilities that host sports

and other events, as well as the possibility of and possible.

How to plan and deliver of Sport Events

2

The United Nations Office on Drugs and Crime (2021) defines four distinct phases related to the preparation and execution of sporting events. They include conceptualization, preparation, and execution.

and implementation and implementation, legacy ownership transfer and post-event management and operations.

These stages require a great deal of knowledge and resources because of the complexity and variety of

elements that relate to sporting events. This includes the methods employed by the potential host

cities and nations to submit bids and to award hosting rights, as well as the internal governance structures of

organisations that manage bidding and procurement

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