10 OWNERSHIP STRUCTURE, GOVERNANCE, AND REGULATION IN PROFESSIONAL TEAM SPORT
Ownership structure is considered an important tool for corporate governance to resolve any conflict of interests between shareholders and managers (Hu and Izumida, 2008). It is important here to note the use of the term corporate governance. Given that this book focuses on the corporate end of professional team sport, we will focus our ownership discussion on corporate ownership. Corporate ownership is concerned with corporations that are legal entities. The definitions of corporate ownership do not lend themselves to discussions about the voluntary and, indeed, public sector of the sport market (Plumley and Wilson, 2019). Historically, ...
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