LABRST 2H03 Lecture 4: Lec 4 Jan 16 LS 2H03
16 Apr 2019
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Rent - teams or the city owns a field/ arena and rent out their facility. Advertising - advertisers paying to be on televised sports or on the boards of an ice rink. Related activities - concessions, transportation, people selling parking on their lot near by, restaurants catering to the crowd. Media rights & broadcasting rights - for a telecommunications company to be the only channel to broadcast a game. Wages/salaries for athletes, coaching staff, medical therapy staff, arena employees, etc. Officiating - officials in charge of event are paid. Staked purses/prizes - difference is whether it"s staked or not. Broken-time payments - when someone has to miss a day of work for sports, the sport will pay the person"s wage that they would"ve made going to work that day. Pro meant people were doing it for money, not leisure. Belonged to institutions like a university or private club that offered organized sports.
