Financial mechanism for management of professional sports
ˑ:
Candidate of Economic Sciences, Associate Professor O.V. Litvishko1
Candidate of Pedagogical Sciences E.A. Lubyshev1, 2
Candidate of Pedagogical Sciences A.A. Krasilnikov2
Candidate of Economic Sciences, Associate Professor S.A. Sybachin1
1Plekhanov Russian University of Economics, Moscow
2Moscow city university, Moscow
Objective of the study was to develop guidelines for an effective financial mechanism for professional sports management realized in the context of the development of the economic autonomy of these entities.
Methods and structure of the study. The methodological basis of the study will be a structural analysis consisting in dividing the problem into several components, which will make it possible to identify significant factors in the formation of commercial attractiveness of the subjects of professional sports, as well as develop mechanisms to influence them.
Results and conclusions. We expect the recommended interventions to increase the market earnings of sports organizations, which will eventually lead to the emergence of self-sufficiency models and mixed funding channels, which are critical to reducing excessive budgetary burden. In general, these solutions should systemically increase spectator activity in competitions, which is the main factor of efficiency and investment potential of sports events.
Keywords: sports economics, finance, business model, government, incentives, management.
References
- Voskanyan R.O. Finansirovanie gosudarstvennykh innovatsionnykh programm iz vnebyudzhetnykh istochnikov [Financing of state innovation programs from extrabudgetary sources]. Nauchnye issledovaniya i razrabotki. Ekonomika. 2017. V. 5. No.4 (5). pp. 40–44.
- Krasilnikov A.A., Lubyshev E.A., Andrianova R.I., Fedoseev D.V., Chicherin V.P. Adaptation of the training process of highly qualified women's basketball teams based on indicators of competitive intensity and calorie consumption during official games. Journal of Physical Education and Sport. 2021. V. 21. No. 4. pp. 1897-1903.
- Gordienko M.S. Byudzhetno-nalogovaya politika Rossii: genezis, otsenka kachestva [Fiscal policy of Russia: genesis, quality assessment]. Moskva: RUSCIENCE publ., 2016. 246 p.
- Litvishko O.V., Vyprikov D.V., Lubyshev E.A. Faktory rosta effektivnosti finansovo-khozyaystvennoy deyatelnosti sub'ektov futbolnoy industrii [Financial and economic performance rating factors in national football industry]. Teoriya i praktika fizicheskoy kultury. 2019. No. 11. pp. 20-22.
- Litvishko O.V., Aliev A.A., Titovskiy A.V., Lubyshev E.A. Effektivnost finansovo-hozyaystvennoy deyatelnosti evropeyskikh futbolnykh lig [European football leagues: finacial and economic performance versus competitive ranking analysis]. Teoriya i praktika fizicheskoy kultury. 2020. No. 12. pp. 76-78.
- Shuvalova E.B., Gordienko M.S. Nalogovaya lgota kak instrument povysheniya kachestva gosudarstvennogo regulirovaniya finansovykh protsessov [Tax incentives to improve quality of government regulation of financial processes]. Innovatsionnoe razvitie ekonomiki. 2018. No.1 (43). pp. 271-280.
- Peeters T., Szymanski S. Financial fair play in European football. Economic Policy. 2014. No. 29 (78). pp. 343-390.
- Plumley D., WilsonR., Ramchandani G. Towards a model for measuring holistic performance in professional football clubs. Soccer and Society. 2017. No.1(18). pp.16-29.