The business model of sport
Financial management in sport has improved as organisations have become more professional. But the demand for success means finance directors often find themselves caught between prudence and populism, finds Paul Golden
Even before the COVID-19 lockdown, sporting clubs and organisations across the country were facing significant financial difficulties.
In the 2017/18 season, the 13 members of England’s Premiership Rugby league recorded an overall loss of £44.4m, despite a record turnover of £211.7m. In cricket, meanwhile, research conducted at Sheffield Hallam University revealed that 11 of the 18 counties in the English County Championship had a debt ratio in excess of 75%.