Sports Facility Management.Student 4157718
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Creating an Annual Marketing Plan for Your Sports Facility | Sports ...

Creating an Annual Marketing Plan for Your Sports Facility: Follow these steps to stay ahead of the game and keep your staff accountable. ... Our Sponsors. Sports Facility Management Software Leader in Performance ...

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Thomas Gerdes's curator insight, February 19, 2015 10:49 AM

This article explains exactly what the title says it does.

Sharone Petty's curator insight, April 25, 2015 3:42 AM

This is agreat article on making a plan for sport's facilities. Without planning you will fail.

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Should Sports Teams Receive Tax Breaks?

Should Sports Teams Receive Tax Breaks? | Sports Facility Management.Student 4157718 | Scoop.it
Here are some of the costs, pros and cons of sports teams receiving tax breaks. 

 

In a very general sense, the question of tax breaks for sports teams falls under the category of whether or not subsidies are desirable. From an economic perspective on subsidies, some could say that almost all of them create suboptimal outcomes. This is because under normal market conditions market forces move automatically towards allocative efficiency. Subsidies distort the ability of markets to correctly allocate resources because they provide an incentive to continue the subsidized behavior, even when it is not profitable or productive to do so.

 

Why Subsidies Are Useful
The counterargument is that subsidies are useful for this very reason. They allow government to shape economic outcomes toward desired policy objectives. For example, the money used to fund alternative energy sources. So although the subsidy is creating a less than optimal use of resources, people believe that is balanced by the development of technology that might not have otherwise been built until much later, if at all. Another reason people champion subsidies is to protect jobs or create growth. However, the job market is subject to the same economic forces as any other. By creating subsidies in unproductive industries people remain in jobs that are also unproductive; this makes society worse off. In the case of sports teams, the most commonly cited reason for subsidies is that it creates jobs and improves revenues. Yet there have been studies that conclude that this is not always the case.

 

Not All Need Tax Breaks
Most sports teams are actually quite profitable and do not actually require tax breaks to remain competitive. Examples of the types of subsidies sports teams regularly enjoy include: tax-deductible ticket sales (including on luxury suites), reduction of taxes on revenue via direct tax credits and sweet-heart deals on new facilities. What this means is that corporations, and even individuals, can deduct a portion of what they spend on tickets in a similar manner as donating to a charity. In the case of new stadiums, the burden of building and operating arenas gets pushed onto the taxpayer while owners reap the related revenues. Unfortunately, due to the secretive nature of professional teams, most financial information is inaccessible thus preventing the public from accurately gauging the level of financial support these franchises receive.

 

However, let us be fair and consider the case where sports teams are legitimately struggling and only government aid can keep them afloat. This hearkens back to the beginning of this piece and the discussion on whether or not it is believed that subsidies are useful. Insofar as civic pride is concerned, maybe it is considered appropriate to prop up a flailing team. People have an emotional connection to their sports teams. They buy tickets to games, purchase merchandise and follow every story about their chosen champions. Despite this, only a very small portion of the population (20%) thinks that tax breaks for sports teams is good policy.

 

The intuition for this is that if a sports team is failing it is because it is poorly run and is spending itself into a hole, or the fans do not support it with enough revenue to continue. Either way, this is not an enterprise that should be having public money thrown at it. Perhaps the largest segment of government support goes toward the construction of stadiums. Fancy new stadiums attract fans and sports teams alike.

 

Cities often will use the promise of a new stadium to entice teams to relocate. Is this a good investment on behalf of the public? Almost all economists and independent development specialists conclude that the rate of return on these projects is less than what could be had on alternative projects, with some sports contracts failing significantly. Further, those cities that invested heavily in sports stadiums have experienced, on average, slower income growth compared to their peers who chose otherwise.

 

The Bottom Line
There is no silver lining. The public does not support deluxe treatments for sports teams in the form of tax breaks, the data does not support tax breaks for sports teams and commonly accepted economic theory does not support tax breaks for sports teams either. This leaves fans and citizens paying double as both their taxes and discretionary income go towards profitable franchises instead of schools and roads. The only people who benefit from such activity are those who own, operate and work for sports franchises. As Norman Braman, former owner of the NFL's Philadelphia Eagles, put it: "the taxpayers are a bunch of suckers."


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Vinnie's curator insight, February 17, 2015 9:08 PM

Basic breakdown of public subsidy benefits for sports teams.

Bryant Tucker's curator insight, July 24, 6:10 PM
This is a great article that gives an understanding of both the good and bad of the tax breaks, as well as the notion that some teams are very profitable and could afford their own building efforts.
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Sports Concessions Management Services | Delaware North Food Services

Sports Concessions Management Services | Delaware North Food Services | Sports Facility Management.Student 4157718 | Scoop.it
Delaware North pioneered sports concessions. And with some of the most highly regarded sports concession service at many of the world’s top arenas, airports, racetracks and parks & resorts, we’re still leading the concessions services industry.

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Nate Janicek's curator insight, March 25, 2013 8:06 PM

I never thought about outsourcing concessions at a sportrs facility.  Apparently it is more commone than I thought.

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Sports Injury & Risk Management - Problems with Managing Injury & Risk


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Sports stadiums go green: from Croke Park to Minnesota Twins ...

Sports stadiums go green: from Croke Park to Minnesota Twins ... | Sports Facility Management.Student 4157718 | Scoop.it
Since the baseball stadium of the Minnesota Twins set a new standard in 2010 when it opened its new target field using a rainwater recycling system to meet 50pc of its water needs, what have other stadiums around the globe ...

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Jeremy Allen's curator insight, September 21, 2013 9:35 PM

More stadiums will continue to go green in the near future.

daviscraine's curator insight, December 20, 2013 6:14 PM

Its great to see so many stadiums going green!

 

David Foster's curator insight, April 27, 2015 8:27 AM

Facility management can be one of the most difficult aspects of a managers job. Having an efficient and "green" stadium will definitely help, and is the wave of the future.

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Assistant Manager, Box Office - Sports Management

Assistant Manager, Box Office - Sports Management | Sports Facility Management.Student 4157718 | Scoop.it
Assistant Manager, Box Office - Sports Management - WorkInSport.com.
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Alex's curator insight, September 22, 2013 6:08 PM

Works in sports is a website describing the many facets of sports management

William Harkins's curator insight, December 22, 2013 6:39 AM

Looking for a job in Sports Facility Management? There are opening out there for you. 

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MEDICAL SPORTS INJURIES IN THE YOUTH ATHLETE: EMERGENCY MANAGEMENT

MEDICAL SPORTS INJURIES IN THE YOUTH ATHLETE: EMERGENCY MANAGEMENT | Sports Facility Management.Student 4157718 | Scoop.it

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kevin johnson's curator insight, August 23, 2015 3:51 AM

The number of US emergency department visits for 14 to 19 year olds due to concussions has tripled from 1997 to 2007... between 30 and 58 percent were sports related, (Merkel, D., Molony, J.T., 2012).  "Sports and injuries are inseparable, every athletics program needs a solid medical emergency protocol".

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Event Safety & Crowd Management Video

Event Safety & Crowd Management Video | Sports Facility Management.Student 4157718 | Scoop.it
The International Centre for Crowd Management and Security Studies is an institution based in High Wycombe, UK. The Centre is part of Buckinghamshire New University and offers a range of unique academic courses for ...

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John Zuniga's curator insight, July 14, 2013 1:29 PM

A great starting point for some insight on how to set up medical, security, and your  Communications Operation Center for any event.

Christopher Whitehead's curator insight, October 26, 2013 2:32 PM

Awesome Video!!!