Course Syllabus: Sport Finance and Business
SPORTMGT 424 – Spring 2008
UNIVERSITY OF MASSACHUSETTS
Isenberg School of Management, Department of Sport Management
| Instructor: Nola Agha | Office: ISOM 226 |
| Class Time: M/W 10:10 - 11:25 a.m. | Office Hours: Wednesday 2:30 - 3:30 p.m. |
| Classroom: ISOM 26 | or by appointment |
| Phone: 545-5637 | Mail Box: ISOM 230 |
| Email: nolaa@sportmgt.umass.edu | |
| Course Website: http://intra.som.umass.edu/nagha |
Course
Pre-requisites:
FINOPMGT 300
or 301 through the Isenberg School of Management.
Reading Materials:
Required
|
·
Fried, Shapiro, & DeSchriver (2003). Sport Finance. Human
Kinetics Publishing: Champaign, IL. Text available at the UMass Textbook
Annex. |
|
|
|
|
|
·
Street
& Smith’s SportsBusiness Journal. Order forms that will be distributed in class must be returned to
Maureen Kocot in the Sport Management Office, Room 236, with proper
payment. |
Course Catalogue
Description
Basic theory
in finance and accounting applied to managerial control of sport organizations.
Includes forms of ownership, taxation, financial analysis, feasibility studies,
and economic impact studies.
Course Objective
The
objective of this course is to introduce students to the concepts of financial
management as applied to the unique world of sports. Students will:
- learn core financial theory as related to sports organizations
- apply analytical techniques to financial decision making in the context of a
sports business
- explore the unique features of sports finance that distinguish it from other
fields of study, including the relationships of tax and legal issues
- discuss current financial issues as they relate to facility construction,
professional and collegiate sports, the Olympics, and other sports related
businesses.
Course Method
The
course material will be presented through lectures and class discussions.
Each student is expected to have the assigned readings completed BEFORE
each class. This will enhance the understanding of the lecture and will also
allow maximum participation in class discussions.
Attendance
Attendance
is expected of all students at EVERY class session. Students are also expected to arrive to class on time.
Students
must notify the instructor of any known absences prior to the day of the
absence. If a student notifies the
instructor after the missed class, it will be considered an unexcused absence.
For every unexcused absence, one point will be deducted from the
student’s final grade.
Evaluation
Students’ achievement will be evaluated through a midterm
exam, a final exam, a projects, and six quizzes.
Exams:
The midterm exam will take place on Wednesday, March 12. The final exam will take place during finals week at a specific date and time to be announced.
Project:
The Stock
Analysis project will require a 5-page report that will be due October 18.
Quizzes and Homework:
Six quizzes
will be given throughout the semester. The best five scores will count
towards your final grade. There will be NO MAKE UPS for missed quizzes. A
missed quiz will simply count as your lowest score. Multiple optional
homeworks will be assigned throughout the semester. They will not be
collected or graded but will assist in learning the material for the quizzes
and the exams.
Extra Credit:
Grade Breakdown:
| Final Exam 30% | Stock Analysis Project 15% |
| Midterm Exam 25% | Participation 5% |
| Quizzes 25% |
Grading Scale:
| A 100 - 93% | C 76.99 - 73% |
| A- 92.99 - 90% | C- 72.99 - 70% |
| B+ 89.99 - 87% | D+ 69.99 - 67% |
| B 86.99 - 83% | D 66.99 - 60% |
| B- 82.99 - 80% | F less than 60% |
| C+ 79.99 - 77% |
Course Policies
- Students
are expected to have read all assigned readings prior to each class.
Participation in class discussions is necessary and is augmented by
proper preparation.
- Assignments are expected to be submitted on the assigned due date. Work is due
at the beginning of class on the assigned day. Anything handed in after the
beginning of class will be considered late. Late work will face a deduction of 10% per day until completed, unless
otherwise excused.
- Class will always start on time. Do
not be late.
- Cell phones will NEVER ring in class. Turn
them off or leave them at home.
- Bring a calculator to class each day.
Plagiarism and
Cheating
It is expected that
ideas taken from articles, books, journals, etc. will be properly noted in all
papers, homework, and assignments submitted.
It is important to remember that to copy or to paraphrase someone
else’s work without proper reference is plagiarism.
Please read and become familiar with the proper
guidelines for
referencing any material used in your work (Publication
Manual of the APA,,
call number BF76.7.P83 2001).
Failure to follow copyright guidelines will result in an “F” for the paper and/or dismissal from the course. Anyone caught cheating on assignments, quizzes, exams, or homework will be dismissed from the class.
**This is a suggested schedule of topics. The class website always contains up-to-date information on topics, homework assignments, quizzes, and exams.**
|
Date |
Topics |
Chapters |
Week 1January 28 and 30 |
Introduction Business Structure |
Chapter 1 |
Week 2February 4 and 6 |
Business Structure Revenues and Expenses |
Chapter 4 and 2 |
Week 3February 11 and 13 |
Financial Statements and Ratios |
Chapter 5 |
Week 4February 19 and 20 |
Time Value of Money |
Chapter 6 |
Week 5February 25 and 27 |
Capital Stocks |
Chapter 9 |
Week 6March 3 and 5 |
Forecasting Short Term Financing *Stock Analysis Due* |
Chapter 7 Chapter 8 *Stock Analysis Due* |
Week 7March 10 and 12 |
review MIDTERM |
MIDTERM |
Week 8March 24 and 26 |
Economic Impact Bonds |
Chapter 10 |
Week 9March 31 and April 2 |
Bonds Stadium Financing |
|
Week 10April 7 and 9 |
Capital Budgeting Computer Lab |
Chapter 11
|
Week 11April 14 and 16 |
College Athletics Taxation and Legal Issues |
Chapter 14 |
Week 12April 23 |
Pro Tax and Accounting |
|
Week 13April 28 and 30 |
Consulting Exercise Salary Caps |
|
Week 14May 5 and 7 |
Business and Financial Aspects of the Olympics |
|
Week 15May 12 |
review |
|
Final ExamDate to be determined |
FINAL EXAM |
FINAL EXAM |