Show:
Teams & Owners
Marketing
Budgeting
Others
100
What is the world’s most valuable sports franchise?
Manchester United Soccer
100
What is marketing?
Promoting and selling your products, letting people know what you do, and convincing people to buy your product.
100
What is a profit? What is a loss?
A profit is when you make more money than you spend and a loss is when you spend more money than you make.
100
What is a sports franchise? Give an example of a New York sports franchise.
A sports franchise is the business of owning and running a sports team. NY Teams: Giants, Jets, Yankees, Mets, Nets, Nicks, Rangers, Devils, Islanders.
200
Who is the world’s highest paid athlete?
Tiger Woods
200
What are some attributes of a good team name?
Makes you think of an image, positive meaning, appropriate for the area and memorable.
200
What is a budget?
A budget is a financial plan that lists all planned income and expenses.
200
What are business operations?
Activities that are performed by employees to run a business.
300
What sports franchise does Michael Jordan have an ownership interest in?
Charlotte Bobcats
300
What is a logo?
A symbol or other small design that an organization use to identify its products.
300
Provide one example of income and one example of expense.
Income: Ticket sales, ad revenues, merchandise sales, concession sales, etc. Expenses: Player salaries, stadium costs, equipment, other personnel salaries, office space, etc.
300
What are personnel? Provide an example.
Personnel are the people who work for a company (the employees). Examples: Players, coaches, trainers, managers, etc.
400
What New York area team does Jay-Z have an ownership interest in?
New Jersey Nets
400
How is the New York Yankees logo related to the New York area?
The NY defines the city and state, the colors are patriotic and identifiable with New York as one of America’s great cities, the logo has a baseball and a bat which are appropriate for the sport.
400
If a team has ticket sales of $45,000,000, merchandise sales of $2,000,000, player salaries expenses of $35,000,000, advertising costs of $10,000,000, and other expenses of $3,000,000, what is the amount of the teams profit / loss?
Loss of $1,000,000
400
Explain what finances are.
Ways to manage your money and investments.