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Funding for Sport
Sporting Organisations require finance for running events and
competitions, promotion and development, sports facilities, everyday running
costs, training facilities, sports scholarships, salaries etc. Organisations
can raise money from fund-raising activities but most will require financial
help from outside sources.
Sources of income
The money to build and maintain sports facilities can come from a variety of sources, you may even look at sites like Love Money to find some money-saving tips and interesting articles. However, there are some other great ways to gain much-needed money for sport development:
- National Lottery - began in 1994. Bids can be made for a
lottery funding grant although they must fulfil certain criteria e.g. access
for disabled
- Government taxes - National and local government raise money
through taxation including gambling levies
- UK Sport - distributes money directly and via other bodies
- Sports National Governing bodies
- Sponsorship
- Membership schemes - entrance fees, booking fees,
merchandise
- Private investment
- Individual athletes, teams, clubs, event organisers etc
Various online casino and poker rooms have also started to give back to the sports community by encouraging players to donate part of their online winnings to various charities.
The funding of sports performers
Sports performers can receive money for playing sport in a number
of ways - the more successful they are the greater the variety of sources of
income. Potential sources are:
- Wages - Some sports pay performers a wage for playing
- Appearance money - In some sports players can be paid for
taking part, usually by the event's sponsors
- Prize money - The winner of an event may receive a sum of
money
- Sponsorship - Financial backing from companies, who use the
sport or performers to promote their products
- Scholarships - Some schools and organisations pay talented
performers scholarships to cover the cost of training and competition, as well
as their education
- TV appearance fees - Players can be paid for appearing on shows
and commentating on matches
- Publicity - Well-known performers can receive money for guest
appearances, or for activities such as opening new shops
Page Reference
The reference for this page is:
- MACKENZIE, B. (2006) Funding for Sport [WWW] Available from: http://www.brianmac.co.uk/funding.htm [Accessed
Associated Pages
The following Sports Coach pages should be read in conjunction with this page:
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