Chapter 9 Flashcards
1
Q
3 principles that form the professional sport industry:
A
- labor
- management
- governance
2
Q
History of major pro sport:
A
-
3
Q
Inclusion/exclusion of major pro sport:
A
-
4
Q
Factors affecting growth of major pro sport:
A
-
5
Q
Unique aspects of pro sport:
A
- interdependence
- structure and governance
- labour-management relations
- role of electronic and new media
6
Q
Interdependence of pro sport:
A
- nature of the leagues product
- need of teams to compete and cooperate simultaneously
- league think
- revenue sharing
- competitive balance
7
Q
Structure and governance of league sport:
A
- league commissioner
- board of governors or commitee structure composed of the team owners
- central administrative unit
- territorial rights
- reduce intra-league competition
8
Q
Labor-management relations of league sport:
A
- antitrust and labour exemptions
- collective bargaining
- players want competitive labour market
- restrictions on player mobility (free agency, player draft)
- restrictions on management (salary cap, luxury tax)
9
Q
Importance of television:
A
- increasing visibility
- increasing source of revenue
- sport/media complex
10
Q
Revenue sources for pro sport teams:
A
- media contracts
- gate receipts
- licensing and merchandising revenues
- sponsorship
- public subsidies for facilities
11
Q
Future challenges and opportunities for pro sport:
A
- maintaining labour-management harmony
- developing new revenue streams
- meeting technology challenges
- managing globalization
