This new edition grounds students in the real world of financial management in sport, showing them how to apply financial concepts and appreciate the importance of finance in sport management and operations. As an added benefit to instructors, this second edition includes a wealth of ancillary materials to help make the topics more comprehensive to students, all of which are free online. To further engage students, the authors use numerous real-world examples and five case studies that are referred to throughout the book. These studies, in professional, college, private business, manufacturing and not-for-profit settings represent the breadth of the sport world where finance is a critical component of success.This book allows students to grasp fundamental concepts of finance and accounting, even if they have not previously studied those areas. By analysing business structures, income statements and funding options, students not only will learn basic finance and accounting, but they will also understand how those skills are used in the world of sport. This new edition will provide students at all levels with the fundamental finance and accounting concepts they need to help raise, manage and spend money in sport settings.