This definitive text on sports management and finance focuses on how the modern sports team has evolved. Addressing the fact that the 21st Century sports team has turned to a real estate development, media, and entertainment corporation, this book focuses on the how and why of the change, rather than traditional finance topics such as borrowing money, ticket pricing, and player compensation. It includes an assessment of ownership structures and discusses real estate development, facility designs, and their fit into urban centers.

Ownership. The Value of Teams. Components of Revenue Streams: Facility Revenue. Components of Revenue Streams: Media Revenue. Components of Revenue Streams: Real Estate Development. Components of Revenue Streams: Ticket Pricing Strategies. Facility Financing. The Demand for Sports - What Impacts Fans and Their Spending. Competitive Balance and Revenue Sharing. Personnel Management - Players, Coaches, General Managers and Owners. Sports, Taxes, and Profits and Loss.

Jason Winfree, Ph.D., is Associate Professor, Sport Management in the School of Kinesiology's Department of Sports Management at the University of Michigan. Dr. Winfree is a sports economist, whose primary research focuses on professional and collegiate athletics.

Mark S. Rosentraub, Ph.D. holds the Bickner Chair in the School of Kinesiology's Department of Sports Management at the University of Michigan. Previously, he was dean and professor at the Levin College of Urban Affairs at Cleveland State University and an associate dean and professor in the School of Public and Environmental Affairs, Indiana University.