SOURCES AND RESOURCES FOR FUNDING SPORT IN EUROPE
SOURCES AND RESOURCES FOR FUNDING SPORT IN EUROPE

Author(s): Septimiu Ioan Puţ
Subject(s): Public Administration, Public Finances, Socio-Economic Research
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: public funding; private funding; revenue; sport; sport competitions;
Summary/Abstract: Direct or indirect public funding of sports activities is a reality in all European countries, except that political and legal funding models differ according to culture and civilisation, sports tradition and sports practitioners, mentalities and financial power. Private funding of sport or self-financing of sport is complementary to public funding and must ensure, in particular through revenue from games, betting and lotteries, revenue from the exploitation of property rights in sporting events and competitions, revenue from intellectual property rights, revenue from the issue and sale of securities, revenue from sponsorship, revenue from the transfer of professional athletes, adequate and sufficient funding for the development and support of sporting competitions and participation in sporting competitions. Contemporary sport is a complex machine that is constantly fed with considerable amounts of money in order to function and produce competitive performance. Without funding, sport cannot be competitive, it cannot achieve its specific goals in a world where the profit motive is irresistible.

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