Cash, Sinkholes and Sources. How are Community Sport and Recreation Organisations Funded and What are the Implications for Their Future Viability? Research Report 3: Financial Vulnerability Analysis

C. Cordery, R. Baskerville
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引用次数: 1

Abstract

This research has produced a New Zealand model (tool) to help address a critical issue for sports clubs. We have produced an early warning system for clubs to know when they are getting into financial trouble, which should prompt them to plan to remain sustainable. In extending and adapting models derived for social services organisation in the US, this research found that financial vulnerability is a contested notion and, with few failed sports clubs to test, we set up proxies in order to define organisations as being financially vulnerable. The logistic regressions and further analysis reflects the uniqueness of amateur sports clubs. By developing the financial vulnerability models as risk indicators, the research offers a unique contribution and has the potential to be applied elsewhere. This study has found that an overseas study might be useful in golf clubs (being a balance-sheet model) and another in football clubs (being a revenue and expenditure model). We also developed a New Zealand model (tool) based on warning clubs against continuing losses (Model 3) and the Revenue Concentration literature. Model 3 was most likely to signal the probability of FV in both football and golf clubs. However, the explanatory variables were different between these sports. For these sports clubs to be sustainable financially: (i) they must ensure that members contribute appropriately to the club’s revenue base and that there is not undue reliance on grants and other external revenues; (ii) debt must be kept within manageable levels. It should not increase over time and net equity should not be allowed to decrease; and (iii) expenditure must be kept within the parameters of the club’s ability to pay. We recommend that, as part of their financial management, clubs monitor their performance against key indicators and derive strategies to manage their financial performance to ensure their longevity. This paper reports the result of analysis of the relationship between sports clubs’ funding and their financial vulnerability. It builds from a literature review. The analysis of the data collected from golf and football clubs in relation to our SPARC (the forerunner of Sport NZ) research project is presented in the main body of the report. This research was made possible through funding from Sport New Zealand, the cooperation of New Zealand Golf and New Zealand Football, the research participants, and our research assistant.
现金,天坑和来源。社区体育及康乐机构的资金来源及对其未来的生存能力有何影响?研究报告3:金融脆弱性分析
这项研究产生了一个新西兰模式(工具),以帮助解决体育俱乐部的一个关键问题。我们已经建立了一个早期预警系统,让扶轮社知道他们何时陷入财务困境,这应该会促使他们计划维持可持续发展。在扩展和调整为美国社会服务组织衍生的模型时,本研究发现,财务脆弱性是一个有争议的概念,并且,由于很少有失败的体育俱乐部可供测试,我们建立了代理,以便将组织定义为财务脆弱性。通过logistic回归和进一步分析,反映了业余体育俱乐部的独特性。通过建立金融脆弱性模型作为风险指标,本研究做出了独特的贡献,并具有在其他地方应用的潜力。本研究发现,在高尔夫俱乐部(作为资产负债表模型)和足球俱乐部(作为收入和支出模型)中,海外学习可能是有用的。我们还开发了一个新西兰模型(工具),基于警告俱乐部防止持续损失(模型3)和收入集中文献。在足球和高尔夫俱乐部中,Model 3最有可能表明FV的可能性。然而,这些运动之间的解释变量是不同的。要使这些体育俱乐部在财政上可持续发展:(i)他们必须确保会员为俱乐部的收入基础做出适当的贡献,并且不过度依赖赠款和其他外部收入;债务必须保持在可管理的水平。它不应该随着时间的推移而增加,净资产不应该减少;(三)支出必须控制在俱乐部的支付能力范围内。我们建议,作为他们财务管理的一部分,扶轮社根据关键指标来监控他们的表现,并制定策略来管理他们的财务表现,以确保他们的寿命。本文报告了体育俱乐部资金与财务脆弱性之间关系的分析结果。它建立在文献综述的基础上。从我们的SPARC (Sport NZ的前身)研究项目中收集的高尔夫和足球俱乐部数据的分析是在报告的主体部分提出的。这项研究是通过新西兰体育,新西兰高尔夫和新西兰足球的合作,研究参与者和我们的研究助理的资助而成为可能的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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