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Far Away

In: Business and Management

Submitted By law32
Words 394
Pages 2
Assignment 5
In this chapter it talks about professional sport. Professional sport industry creates events and exhibitions games for athletes to compete. Professional sports also create leagues and tours in the sport industry. Owners that own professional teams they make a lot of revenue. The reason is they have a fan base and if they have that they are going to buy merchandise and tickets to come to the game. In North America sports have very popular. The sport industry is a billion dollars business.
The corporate governance model owners act board of directors and the commissioner act as the chief executive officer (CEO). This system was created by Lentze in 1995. Because back than many teams organized themselves into a self-governance. The first professional league was the National League in North America it was created by Jennings. Being a Commissioner does not mean that you are control of a team or owners. The Commissioner has direct supervision and control the corporate board. Also his job is to make rules and regulations for the league. A commissioner must able to make decisions and sometimes they can be tough. Being a commissioner is a hard task because you’re dealing with all the teams in your league.
The single-entity structure a model of league ownership in which the league is considered as a single entity to avoid antitrust liability and to create centralized fiscal control. I think it is a good structure because it allows players negotiate with teams. Also it protects MLS players to me that is very important.
Franchise ownership are typically own my families that are very wealthy. The families that own a NFL team have been successful. The family investment money in the teams, so the team can be successful in many ways. Owners is on running the team like a business. I think when families own a NFL that is a smart move. Because they want their family…...

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