Financial Management in the Sport Industry provides readers with an understanding of finance and the importance of sound financial management in the sport industry. It begins by covering finance basics and the tools and techniques of financial quantification, using relevant sport examples. It then goes beyond the basics to show how financial management works in the industryhow decisions are made to ensure wealth maximization. Discussions include time value of money, capital budgeting, facility financing, economic impact, and risk and return. The final part of the book focuses on sport finance in three sectors of the industryparks and recreation, collegiate athletics, and professional sportproviding in-depth analysis of financial management within each sector.