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Chapter 3
Financial Statements,
Revenues, and Costs
Financial Statements
is chapter examines the nancial statements and sources of revenues and costs
for dierent types of sports teams and businesses. As Chapter 2 made clear, because
of the various ownership structures, sports teams often indirectly aect various rev-
enue streams of a larger entertainment company. is implies that the full value of
a team may not be found on a team’s nancial statements. Nonetheless, this chapter
focuses more on direct revenues and costs of sports teams. Financial statements
provide the raw data that is vital to understanding the nancial health and growt