Summary
This module explores key themes concerning finance and risk in the sports sector. It also introduces students to sports ethics and the importance to organisations of identifying and engaging effectively with their principal stakeholders. By completing this module, students will be able to:
- Consider the ways in which risk can be identified and reported.
- Understand the importance of assessing and managing risk.
- Identify risks specific to sport.
- Understand how compliance challenges in sport impact on sports organisations.
- Understand regulatory and legal requirements for financial planning, reporting and control.
Topics covered include:
Finance
- Financial compliance to legal requirements
- Financial controls
- Importance of effective financial reporting
Funding in sports
- Sources of funding for sports organisations
- The impact of funding on sports governance
- Challenges of funding in sports organisations
Risk management
- Types of risks in sports organisations
- The importance of risk assessment and risk management
- Challenges of risk management in sports organisations
Ethics, compliance and legislation
- The importance of ethics in sports governance
- The impact and challenges of compliance and legislation in sports organisations
Engaging with stakeholders
- Overview of stakeholders in sports organisations
- Understanding the roles and expectations of key stakeholders in sports organisations
- Athletes, coaches, officials, and volunteers in governance
- Media, sponsors, and fans as stakeholders
- Government bodies, regulatory agencies, and funding bodies
- The importance and challenges of stakeholder engagement
- The role of communication in stakeholder engagement
The module is an online learning component of a larger self-paced programme with e-learning content, self-assessments, knowledge check quizzes, real-world examples (practical case studies) and other online resources. It will also be supported by a schedule of live webinars with a tutor, group discussions and feedback on discussions and assessments.
The programme content is delivered through an online learning platform, where you can interact with other students. The webinars are live events but will also reside as an archived recorded resource.
It is an intensive module. It is estimated that completion of the module will require 40-50 hours of self-study, including webinars.
Fee
The fee for this module is £350. A limited number of bursaries offering free places are available for those working or volunteering in a UK-based organisation. For further details visit Module 4 - Risk, Compliance and Finance in Sports.
Key Dates for 2024 module cohort:
- Webinar 1: Monday 9th September
- Webinar 2: Monday 23rd September
- Webinar 3: Monday 7th October