Financial Issues in Sport Event Management

Financial Issues in Sport Event Management

In our world, many issues arise regarding accounting issues and methods used to present financial statements to the public and investors. The International Federation of Football Associations (FIFA) and the National Collegiate Athletic Association have recently been under a public microscope in terms of financial statements that have become available to the public. The World Cup is a soccer tournament (football) that begins in 1930 which is held every four years in the host country among eligible countries. The event is the most watched sporting event in the world with twenty-six million spectators expected to surprise in the past

We’ll review about sport event management. Thus, the process of state election is a very large process of exit held by twenty or more members of FIFA’s executive committee reviewing the presentation of each country representative. To accept an offer, a country must receive at least fifty-one percent of the votes; if all countries are below fifty-one percent, the bottom two recipients are abolished and the bidding process begins again. In 2014, there is a perceived problem murmur in choosing Russia’s host country for the next World Cup extravaganza in 2018.

Speculation and other informational materials have been provided to the public that bring questions to the previous voting process and years of voting. In 1999 Klynveld Peat Marwick Goeredeler (KPMG) was hired as the first external auditor for FIFA to help ensure transparency. Reliable practices are in use. An article from the New York Times states, “Having one of the big auditors certainly helps to give credibility to your account,” (Browning, NY Times) the game at its core is meant for the fun of participants and viewers, can also play an important role in the public financial position. The World Cup bid was a perfect example, winning an eight to twelve billion dollar winner for a three-month event. That’s the article about sport event analytics management.

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