© south-western/thomson sports and entertainment marketing chapter 3slide 1 chapter 3 chapter 3...
TRANSCRIPT
![Page 1: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/1.jpg)
CHAPTER 3 SLIDE 1 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
CHAPTERCHAPTER 33Professional Sports
3.13.1 Big League Sports
3.23.2 Attracting a Professional Team
3.33.3 Agents, Managers, and Ethics
![Page 2: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/2.jpg)
CHAPTER 3 SLIDE 2 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
LESSON 3.1LESSON 3.1
Big League Sports
GOALSGOALSDiscuss the financial impact of
professional sports.Identify the perks associated with big
league sports.
![Page 3: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/3.jpg)
CHAPTER 3 SLIDE 3 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Financial Impact
Big league pricing and planningFinancial planning for a sports teamBringing all the resources together
![Page 4: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/4.jpg)
CHAPTER 3 SLIDE 4 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Big League Pricing and Planning
Professional athletes contractsCorporate sponsorshipsTelevision revenue
![Page 5: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/5.jpg)
CHAPTER 3 SLIDE 5 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Financial Planning for a Sports Team
Financial viability for the home cityIncreased spending by fansIncreased tax revenues
![Page 6: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/6.jpg)
CHAPTER 3 SLIDE 6 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Bringing All the Resources Together
Media supportMarketingCharitable and other organizations
![Page 7: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/7.jpg)
CHAPTER 3 SLIDE 7 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Prestige, Power, Profitability
Perks and payoffsPolitical cloutProfessional teams and the communitySociological ties to a professional teamThe bottom line
![Page 8: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/8.jpg)
CHAPTER 3 SLIDE 8 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Perks and Payoffs
Perk—a payoff or profit received in addition to a regular wage or payment
Company employees receive ticketsMedia exposure for owners
![Page 9: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/9.jpg)
CHAPTER 3 SLIDE 9 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Political Clout
Franchise owners bring millions of dollars in business activity to a city
Frequently associated with wealth
![Page 10: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/10.jpg)
CHAPTER 3 SLIDE 10 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Professional Teams and the Community
Teams bring new jobs to a cityBoost for surrounding businessesCommunity service
![Page 11: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/11.jpg)
CHAPTER 3 SLIDE 11 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Sociological Ties to a Professional Team
City’s “image enhancement”Residents feel prideWholesome family entertainment
![Page 12: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/12.jpg)
CHAPTER 3 SLIDE 12 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
The Bottom Line
Winning is everything in sportsSpecial contract incentives for winning
![Page 13: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/13.jpg)
CHAPTER 3 SLIDE 13 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETINGLESSON 3.2LESSON 3.2
Attracting a Professional Team
GOALSGOALSDescribe the distribution process for a
professional sports team.Explain the process for financing a
professional sports team.
![Page 14: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/14.jpg)
CHAPTER 3 SLIDE 14 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Getting in the Ballgame
Distributing the gameHow distribution is decided
![Page 15: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/15.jpg)
CHAPTER 3 SLIDE 15 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Distributing the Game
Individual teams are separately operated businesses
Cartel—a combination of independent businesses formed to regulate production, pricing, and marketing of a product
The league controls the distribution of the teams
![Page 16: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/16.jpg)
CHAPTER 3 SLIDE 16 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
How Distribution Is Decided
Region with a large potential customer base
Subsidies for the teamOwner must have financingStadium to attract fans
![Page 17: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/17.jpg)
CHAPTER 3 SLIDE 17 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Attracting a Sports Team
It takes moneyAnd more moneyCashing inAnother option
![Page 18: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/18.jpg)
CHAPTER 3 SLIDE 18 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETINGLESSON 3.3LESSON 3.3
Agents, Managers, and Ethics
GOALSGOALSUnderstand the role of agents in
marketing.Explain ways that professional sports
organizations and their sponsors develop an athlete’s character.
Assess the impact of ethical behavior on an athlete’s promotional value.
![Page 19: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/19.jpg)
CHAPTER 3 SLIDE 19 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Show Me the Money
Agent—the legal representative of a celebrity
Athletes won the right to become free agents
![Page 20: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/20.jpg)
CHAPTER 3 SLIDE 20 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Polishing the Marketing Value
Professional athletes ultimately responsible for their own behavior
National Basketball Association rookie training program
Illegal behavior may hurt ability to attract sponsors
![Page 21: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/21.jpg)
CHAPTER 3 SLIDE 21 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Handlers
Handlers—sponsor-paid individuals who work closely with athletes who are unable or unwilling to police themselves
For athletes to remain valuable to sponsors, they must behave
Neither can afford negative publicity
![Page 22: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/22.jpg)
CHAPTER 3 SLIDE 22 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Advisors
Financial and business counselorsAdvisors keep the athlete and sponsor
together for the benefit of both
![Page 23: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/23.jpg)
CHAPTER 3 SLIDE 23 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Do Ethics Count?
Ethics—a system of deciding what is right or wrong in a reasoned and impartial manner
![Page 24: © SOUTH-WESTERN/THOMSON SPORTS AND ENTERTAINMENT MARKETING CHAPTER 3SLIDE 1 CHAPTER 3 CHAPTER 3 Professional Sports 3.1 3.1 Big League Sports 3.2 3.2 Attracting](https://reader035.vdocuments.net/reader035/viewer/2022062516/56649d6f5503460f94a51d63/html5/thumbnails/24.jpg)
CHAPTER 3 SLIDE 24 © SOUTH-WESTERN/THOMSON
SPORTS AND ENTERTAINMENT MARKETINGSPORTS AND ENTERTAINMENT MARKETING
Ethics and Character Matter
Lack of mature adult role modelsFrequent news accounts of unethical
behavior by politicians, sports and entertainment figures, and religious leaders
Can result in publicity that interferes with a marketing plan