SPT 620 Milestone Three Guidelines and Rubric
Title: Adelphi University Please read and follow the rubric and use the attached assignments to complete the draft.
Also, just need ten slides with this assignment.
SPT 620 Milestone Three Guidelines and Rubric
Overview
In a sport management role, you may find yourself in a position where you will need to analyze financial data and make important decisions based on that information. Imagine that you are in such a position, and that you need to present to stakeholders and explain the impact of a proposed project from a financial perspective. Having a solid foundation in financial and economic concepts will help you communicate financial information and its impacts in a meaningful way.
In your presentation, you will use data from your executive summary, along with economic theory, to support how your recommendation will impact the community. The executive summary should focus on presenting this information to management, whereas the presentation should focus on presenting to stakeholders within the larger community.
Prompt
In Milestone Three, you will submit a draft of your final presentation. This assignment is due in Module Seven.
Specifically, the following critical elements must be addressed:
II. Presentation: Sport Organization Overview: In this section, you will introduce your sport organization and briefly describe your proposed project and its financial impact.
A. Introduce the sport organization that you selected and its position in the industry by citing details, including:
1. Category: Is the organization professional or intercollegiate?
2. Area Demographics: What is the geographic location and area population? Be sure to support your response with data.
3. Industry Standing: How well-recognized is the sport organization, and how is it positioned financially within the industry? (Consider the size of the fanbase, ticket sales, merchandise sales, etc.)
III. Presentation: Forecasting Costs and Revenue: In this section, you will show the forecasted impacts of the change you are recommending using examples from the spreadsheet that you created based on the organization’s most recent financial statement. Attach the spreadsheet that you created when you submit the assignment, and use that information to support your claims.
A. Create a table that shows the estimate of total revenue for the upcoming year and uses data from your proposed income statement spreadsheet. (Hint: Break it down by month or quarter.)
IV. Presentation: Rationale: In this section, you will use the information from your spreadsheet and economic theory to explain how your proposed project will impact the organization financially.
A. Explain the economic impact that this proposed change will have on the organization’s revenue, and provide rationale.
B. Explain the economic theories or models you used and how they apply to your proposed project.
Note: Critical element V of the final project will be due with the final project submission in Module Nine.
What to Submit
Your presentation must be a 10- to 12-slide PowerPoint Presentation with at least three sources cited in APA format.
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Summary Executive
Antonio McClan
SPT-620 Finance & Economics of Sport
8/6/2023
Summary Executive
The Adelphi University are a historical and highly accomplished football program in the College Football League. They have an impressive legacy, having secured Championships and Bowl victories. With consistent success in recent years, Adelphi University have maintain their status as perennial Bowl contenders, supported by an enthusiastic fan base with home attendances averaging over 80,000. Their current estimated net worth surpasses $2.4 billion, mainly attributed to sustained profitability driven by sponsorship and merchandise agreements.
Determine the sport organization's financial health based on what you discovered and support your response with information from the most recent balance sheet
After reviewing the balance sheet for the 2020 fiscal year, it is evident that the Adelphi University are in a strong financial position. The balance sheet reports total assets of $1,404,067,000 and total liabilities of $1,000,000, resulting in a net worth of $404,067,000. Additionally, the team maintains a healthy cash position of $79,625,000 and a current ratio of 1.14, demonstrating their ability to meet financial obligations confidently (Asriyan, 2021).
Estimate the costs that the sport organization will need to cover as a result of the proposed project and explain how the estimate was reached.
The successful execution of the proposed project would involve additional expenses for Adelphi University. To estimate these costs, a thorough analysis of the project's scope, necessary materials, labor requirements, and expected duration would be conducted. For instance, a one-year project timeline might necessitate budget considerations for additional office space rental or leasing, procurement of extra equipment, recruitment of additional staff, and any other relevant project-related expenses, including materials and services.
Identify potential sources of revenue that the project will generate for the organization in order to finance the project, with examples.
The proposed initiative presents Adelphi University with potential revenue streams to finance the project. These sources include increased ticket sales, boosted merchandise sales with the introduction of project-specific items, sponsorship agreements and corporate partnerships, expanded media exposure, and increased local market visibility. For example, the initiative might attract more fans through ticket discounts and promotions. The introduction of unique merchandise could entice fans to make additional purchases (Alves et al., 2020). Additionally, attracting potential investors through sponsorship and corporate partnerships would yield supplementary funding. Lastly, enhanced media outreach through various traditional and digital channels could attract a larger audience and potential revenue from sponsors and advertisers.
E. Discuss the economic effects of the proposed project's additional expenses across all departments
The implementation of the proposed initiative will result in economic implications across various departments due to the incurred additional costs. For example, the marketing department will require increased resources to effectively promote the project and attract a larger following. Likewise, the operations department will need additional allocation of resources to ensure smooth project management, adhering to the planned timeline and budget (Alves et al., 2020). The finance department will be tasked with managing the project's budget and meticulously accounting for all expenses. Moreover, the customer service department will need to allocate more resources to handle any potential project-related customer inquiries or complaints effectively.
References
Asriyan, V. (2021). Balance sheet channel with information-trading frictions in secondary markets. The Review of Economic Studies, 88(1), 44-90.
Alves, M., De Clerck, S., & Gamboa-Arbelaez, J. (2020). Public Sector Balance Sheet Database: Overview and Guide for Compilers and Users.
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Sheet1
| Budget | ||
| Category | Millions ($) | |
| Revenue | $33,890,080 | |
| Direct Costs | $6,893,424 | |
| Gross Profit | $26,996,656 | |
| Game Expenses (schedule 1) | $1,409,410 | |
| Team Expenses (schedule 2) | $9,265,335 | |
| Administrative Expenses (Schedule 3) | $12,595,025 | |
| Debt Service (Schedule 4) | $352,746 | |
| Total Expenses: | $23,622,516 | |
| Operating Income: | $3,374,140 | (Gross Profit minus Total Expenses) |
| Sources of Revenue: | ||
| Ticket Revenue | $9,500,362 | |
| Media Rights | $359,212 | |
| Student Fees | $4,168,990 | |
| Direct Institutional Support | $3,139,280 | |
| Indirect Institutional Support | $1,253,210 | |
| Guarantees | $27,699 | |
| Contributions | $9,497,166 | |
| NCAA Distributions | $495,235 | |
| Conference Distributions | $193,070 | |
| Program, Novelty, Parking and Concession Sales | $817,619 | |
| Royalties, Licensing ,Advertisement and Sponsorships | $2,422,996 | |
| Athletics Restricted Endowment and Investments Income | $367,826 | |
| Other Operating Revenue | $1,647,415 | |
| Assets | $1 ,404,068 | |
| Direct Costs: | ||
| Fund Raising, Marketing and Promotion | $2,741,149 | $2,741,149 |
| Indirect organizataion Support | $1,253,208 | $1,253,208 |
| Other Operating Expenses | $2,612,441 | $2,612,441 |
| Spirit Groups | $286,626 | $286,626 |
| Schedule 1: Game Expenses: | ||
| Game related Expenses | $450,515 | $450,515 |
| Athletic Facilities Debt Service | $352,745 | $352,745 |
| Guarantees | $606,150 | $606,150 |
| Total Game Expenses: | $1,409,410 | |
| Schedule 2: Team Expenses: | ||
| Traveling expencess | $3,611,050 | $3,611,050 |
| Medical Insurance and Expenses | $119,554 | $119,554 |
| Athletic Student Aid | $3,958,885 | $3,958,885 |
| Recruiting of players and staff | $496,296 | $496,296 |
| Sports Equipment and Supplies | $1,079,550 | $1,079,550 |
| Total Team Expenses: | $9,265,335 | |
| Schedule 3: Administrative Expenses: | ||
| Direct Overhead/Adminstrative Expenses | $883,877 | $883,877 |
| Memberships and Dues for different sport organizataion and bodies | $95,063 | $95,063 |
| Salaries, Benefits and Bonuses for the staff | $7,699,171 | $7,699,171 |
| Support Staff Compensation | $3,602,914 | $3,602,914 |
| Severance Payments | $314,000 | $314,000 |
| Total Admin. Expenses: | $12,595,025 | |
| Schedule 4: Debt Service: | ||
| Debt Service, Proncipal and Interest | $352,746 | |
| Total Debt Service: | $352,746 | $0 |
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Financial Statements 2-1 Journal:
SPT-620-X5446 Finance & Economics of Sport 23TW5
Antonio McClan
7/14/2023
Financial Statements
Communicating Information to Stakeholders:
During communicating to the stakeholders it is important to take the following actions when presenting the balance sheet information to stakeholders:
Share the whole set of financial statements, which includes the balance sheet, income statement, and cash flow statement, to start out. These statements give stakeholders a thorough understanding of the organization's financial situation and performance. Specify Key Figures: Focusing on the balance sheet's important data points that matter to stakeholders (Stocker et al., 2020). For instance, draw attention to the total revenue, direct costs, gross profit, game costs, team costs, administrative costs, debt service, overall costs, and operating income. This aids stakeholders in comprehending the organization's financial situation. Use Visuals: To portray the balance sheet data visually, use charts, graphs, or tables. Stakeholders may find it easier to understand through the use of visual
B. Information for Stakeholders:
It is important to make sure to include the following information when presenting the balance sheet information to stakeholders: Give an overview of the organization's financial streams, including ticket sales, media rights, sponsorships, item sales, and any other important sources of funding. Direct Costs: Describe the costs directly related to running the organization, such as inventory costs, advertising costs, concessions charges, and any other costs that can be directly linked to bringing in money. Present the costs unique to planning and hosting games, such as stadium rent, utilities, security, and other related costs. Payroll, professional fees, dues and fees, office supplies, and other administrative expenditures are only a few examples of the administrative costs associated with running the organization (Cornell, & Shapiro, 2021). Schedule 4: Debt Service: Describe the debt service costs, such as interest payments, principal repayments, and any other expenses incurred in order to fulfill the organization's debt commitments. Total Expenses: Add up all of the costs, including direct costs, team, game, and administrative charges as well as debt service
Reference
Cornell, B., & Shapiro, A. C. (2021). Corporate stakeholders, corporate valuation and ESG. European Financial Management, 27(2), 196-207.
Stocker, F., de Arruda, M. P., de Mascena, K. M., & Boaventura, J. M. (2020). Stakeholder engagement in sustainability reporting: a classification model. Corporate Social Responsibility and Environmental Management, 27(5), 2071-2080.
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