We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Marketing

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What is Sports Consulting?

By Ken Black
Updated: May 16, 2024
Views: 26,933
Share

Sports consulting could mean a number of different things, depending on one's specialty and the area of concern. Generally speaking, sports consulting is the business of helping a sports team function and run as a business. Issues may include site management, human resources, acquisitions and other such things.

While it may not seem like it when a fan is watching his favorite team play, he is not watching a bunch of guys having fun, but he is rather watching a business function. While those on the field or court are called athletes, they are actually business associates that function in a complex world. While their role is not to worry about the accounting books, all members have a responsibility to the bottom line.

This is why sports consulting is so important. It is no longer accurate to call sports a multi-billion dollar business around the world. Its influence and economic power run into the trillions of dollars. Many times, in order to be successful, there has to be a comprehensive plan that focuses not only on team development, but public relations, site management, government regulations and many other areas. Accomplishing all that can become overwhelming. This is where sports consulting can help.

There are sports consulting firms that specialize specifically in dealing with business law as it relates to sports. The consultants in these cases are actually lawyers who advise clients on legal issues. For example, if a person decides to purchase a sports franchise, there are a myriad of issues that can come up when more than $1 billion US Dollars (USD) changes hands. These lawyers make sure their clients' best interests are taken care of.

Some sports consulting firms may specialize in the design and location of new facilities, such as stadiums and arenas. In these cases, they may put on an extensive public relations campaign and work closely with various levels of government to get a package approved. Most arenas are the result of both public and private money, making such comprehensive approaches necessary.

In some cases, a sports consulting firm may deal with the athletes themselves. Some work with college teams, helping schools keep their athletes in school and academically eligible. Others may offer some sports psychology services. Others yet may advise athletes on future plans, helping them understand they are also a part of the business and should be seen as a valuable asset.

No matter what a sports consulting firm does, or even if they do all of the things mentioned above, the bottom line is to treat the sports team as a business. When there are billions of dollars at stake, the charge assessed by such a firm may be considered a great bargain. The overall goal is to increase performance, not only of the team itself, but of the business operation in general.

Share
SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Discussion Comments
By Axeleye — On Jan 28, 2014

Is a sports consultant different from a sports agent? They seem to include the same types of responsibilities, though agents tend to represent one particular player as opposed to an entire team.

Share
https://www.smartcapitalmind.com/what-is-sports-consulting.htm
Copy this link
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.