SCIENCE ASSIGNMENT(NO PLAGIARISM, A++ WORK, QUALITY, ON TIME)
LAGNIAPPE
WEEEK8PPT.docxIn 2008 there was the start of the Great Recession and this caused sponsorships to drop their sponsorships or ask for lower prices to be a sponsor. This also caused advertisers to request lower prices and of course, fans did not have the funds to spend as much on sports. The Federal Reserve seeks to avoid a national recession-two consecutive quarters of negative growth in the nation’s gross domestic product-as a recession can result in a dramatic increase in unemployment.
In 2020 a new recession started because of COVID-19 that is much worse than in 2008. Sports ceased in March, 2020 with fans not allowed to attend any sporting events to prevent the contagion of the virus. At the time of this writing (July, 2020), some sports leagues are planning to restart such as the NBA under difficult circumstances. Financial hardships are a certainty in sports for 2020 and possibly beyond.
Instructions
The major U.S. city has recently had a vote to determine if the citizens want a professional sports team to move to their city, and if they are willing to have a one-cent tax increase to support the cost of such a project. The vote was "Yes" by a large majority.
You are the vice president of finance for a consulting firm that has been hired by the city's mayor and city council to give them a detailed analysis of what it would take to entice a professional team to move to their city. You are a member of the five person team that will conduct the analysis and make a presentation to the mayor and city council. Your responsibility is to provide the financial analysis for the project which includes the construction of a sports venue to accommodate the team.
The final project for this class is a detailed multimedia presentation of your financial analysis. This is an extensive project which you have been working on during the term. The numbers used in this assignment are to be a realistic estimate based on your research of similar projects. You should provide a written narrative, whether in the Notes section of PowerPoint, a Word document, or some other means, to explain and justify your numbers and analyses. As always, provide references for your sources.
Use of a multimedia tool for example PowerPoint, Prezi, Storybird, etc.
Your presentation must contain the following elements:
· Thorough discussion of financial concepts covered in this class
· A capital budget
· An operating budget for year one
· A five year return on investment (ROI)
· Capital structuring for the project
· At least 15 slides
· Slides must contain multimedia elements (graphics, animation, audio, etc.)
· Last slide must be an APA formatted reference page with 5 or more scholarly references
Wicker, P. (2011). Willingness-to-pay in non-profit sports clubs. International Journal of Sport Finance, 6(2), 155-169. Retrieved from https://search-proquest-com.ezproxy2.apus.edu/docview/875962573?accountid=8289
Humphreys, B. R. (2008). Sport finance and gambling. International Journal of Sport Finance, 3(3), 135-136. Retrieved from https://search-proquest-com.ezproxy1.apus.edu/docview/229353351?accountid=8289
