This version of the course guide is provisional until the period for editing the new course guides ends.

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2022/2023

Financial Management for Sports

Code: 43783 ECTS Credits: 6
Degree Type Year Semester
4316022 Sport Management OB 0 1

Contact

Name:
Núria Masferrer Llabinés
Email:
nuria.masferrer@uab.cat

Use of Languages

Principal working language:
spanish (spa)

Other comments on languages

En modalitat on line

Teachers

Núria Masferrer Llabinés

External teachers

Andrés Mendoza
Josep Torres Prunyonosa

Prerequisites

There are no prerequisites

Objectives and Contextualisation

The primary objective is that students can start in the study of the financial statements of a sports company, economic and financial evaluation of business projects, as well as knowledge of institutions and public and private financing mechanisms of these projects. For this, the student will be provided with the basic tools of economic and financial analysis for making decisions in the field of sports management. Specifically, the objectives at the training level are:

1. Introduce the basic concepts of financial management so that they can understand the main financial statements of a sports company
2. Analyze the most important ratios to analyze the differences between sports companies
3. Make a diagnosis of the situation and problems of a sports company
4. Implement the ideal strategy to get to establish a business model within the sports field.
5. Analyze the different funding sources
6. Introduce the short and long planning process, analyzing the strategy and purpose of the sports company and analyzing the budget as a management tool.
7. Study the institutions to see the differences in economic-financial management between Sports Public Limited Companies, Sports Associations and public limited companies.
8. Study the valuation and feasibility of a sports investment project to analyze the profitability of the same based on its financing.

Competences

  • Apply tools and methodologies which facilitate creative and innovative thinking in everyday situations related to the environment of sports business.
  • Continue the learning process, to a large extent autonomously.
  • Recognize the diversity of points of view, understand multiculturalism and be able to express their own opinions while respecting divergent opinions.
  • Recognize, negotiate and use the financial resources available to sustainably manage a sports entity.
  • Solve problems in new or little-known situations within broader (or multidisciplinary) contexts related to the field of study.

Learning Outcomes

  1. Analyse an organisation's financial reports.
  2. Apply tools and methodologies which facilitate creative and innovative thinking in everyday situations related to the environment of sports business.
  3. Continue the learning process, to a large extent autonomously.
  4. Develop a budget that includes a provisional income statement, balance sheet, cash budget and cash flow statement.
  5. Evaluate the viability of a financial plan together with different investment options and/or projects.
  6. Identify the available resources.
  7. Recognize the diversity of points of view, understand multiculturalism and be able to express their own opinions while respecting divergent opinions.
  8. Solve problems in new or little-known situations within broader (or multidisciplinary) contexts related to the field of study.

Content

Lesson 1: Analysis of Financial Statements
1.1. Finance and sports management
1.2. Interpretation of financial statements
-Business analysis
-Income statement analysis
-Balance sheet analysis
1.3. Main concepts for the balance sheet: operating funding needs vs. working capital
1.4. Economic-financial diagnosis
 
Lesson 2: Financial Planning of a Sports Company
2.1. The treasury budgets
2.2. Financial planning:
-Projected balance sheet
-Sensitivity analysis
-Projected income statement
2.3. The economic-financial plan within the business plan
 
Lesson 3: Financing a Sports Company
3.1. Short-term financing
-Spontaneous financing
-Bank financing
3.2 Long-term financing
-Self-financing
3.3. Dividend Policy
3.4. Financing of startups
 
Lesson 4: Analysis and Assessment of Sports Investment Projects
4.1. What is meant by investment?
4.2. Operational stages for the analysis of an investment project
-What is meant by investment project?
-Operational stages of an investment project
-Details on the cash flows to be included in the investment project
4.3. Investment and profitability
-Criteria for determining the profitability of the investment project
-Required rate of return
4.4. Investment and risk
-Previous considerations regarding risk in investment projects
-Recommendations for managing the risk of an investment project
-Financial methodologies for controlling the risk of an investment project

Methodology

Online modality
In the case of the online modality, the methodology will be adjusted in order students can achieve all the learning outcomes specified in this guide and at the same time develop the skills and abilities of the subject.
To this end, the resources available in the modle classrooms will be optimized to maximize student involvement and motivation (forums, debates, simulation games, case studies, online presentations, etc ...)

Annotation: Within the schedule set by the centre or degree programme, 15 minutes of one class will be reserved for students to evaluate their lecturers and their courses or modules through questionnaires.

Activities

Title Hours ECTS Learning Outcomes
Type: Directed      
Exercises and other work 10 0.4 1, 5, 4, 6
master classes 30 1.2 5, 4, 6
Type: Supervised      
Group Tutoring 8 0.32 5, 4
Problem resolution 12 0.48 5, 4
Study cases 10 0.4 2, 5, 4, 8, 7
Type: Autonomous      
Personal study 60 2.4 1, 5, 4, 6, 8, 3
Realization of works / Reports 15 0.6 1, 2, 5, 6, 8, 3, 7

Assessment

On the first day of class, the teacher will specify how many individual and group activities, in which they consist of and will determine what percentage of assessment they each have, always respecting the total weight proposed in the teaching guide.

On the first day of class, the teacher will specify how many and what are the individual and group activities, what they consist of and will specify the percentage of assessment they have each always respecting the total weight proposed in the teaching guide.

The grade for this part of the course will be the result of applying the following weights to the tests described below:

a) Final exam: 30%. The exam will consist of both test questions and problems and / or questions to be solved with excel support. No supporting material will be available during the exam. The minimum mark that must be obtained in this test in order for it to average with the rest of the evaluation activities is 3.5 out of 10. Would the course's average grade be >5.0 in this scenario, the official final grade will be left as 4.9/10.

b) Individual cases and problems solved: 40%. They will have to deliver the cases and practices that the teachers determine solved of individual way. The teacher will solve the case in class in general and give feedback. This activity is not recoverable in case the student does not deliver the task within the term stipulated by the teacher

c) Group cases and problems solved: 30%. They will have to deliver the cases and practices that the professors determine solved of group way. The teacher will solve the case in class in general and give feedback. This activity is not recoverable in case the student does not deliver the task within the term stipulated by the teacher

Assessment Activities

Title Weighting Hours ECTS Learning Outcomes
Delivery of the exhibition and defense of the exercises and work carried out in groups 30% 2 0.08 2, 5, 7
Final Exam 30% 2 0.08 1, 5, 4, 6
Resolution exercises and individual works 40% 1 0.04 1, 5, 4, 6, 8, 3

Bibliography

Amat, O. (2004). Contabilidad y finanzas para no financieros.Ediciones Deusto, Bilbao. 

Amat, O. (2002). Análisis de estados financieros: Fundamentos y aplicaciones. Gestió 2000: Barcelona. 

Brealey, R. y Myers, S. (1998). Principles of Corporate Finance. McGraw-Hill, New York. 

Faus, J; Tàpies, J. (1999). Finanzas operativas. La gestión financier de las operaciones del dia a dia. IESE. Universidad de Navarra. Navarra

Fried, Gil (2007). Sport Finance.Human Kinetics, Champaign IL. 

Howard, D. (2004). Financing Sport, Fitness Information. Technology Inc, Morgantown WV. 

Massons, J. (1997). Finanzas: diagnóstico y planificación a corto plazo.ESADE, Barcelona . 

Martínez Abascal, E (2012). Finanzas para directivos.Mc Graw Hill, IESE Business School, 2a edición, Madrid.

Phillips, R. (2005). Pricing and Revenue Optimization.Stanford Business Books, Stanford. 

Stewart, B (2007). Sport funding and finance.Elsevier, Burlington MA.

Suárez, A. Decisiones óptimas de inversión y financiación de la empresa. 18ª edición. Pirámide. Madrid

Software

N/A