3.02 Identify Expenses in Sports and Entertainment

Marketing

Expenses The cost of doing

business.

Budgetary Expenses Administrative expenses

Entertainment of potential/existing sponsors.

Insurance Office supplies Rent Staffing Trademark development and

maintenance. Travel

Talent Expenses Include:

Compensation

Gifts

Parties

Event Expenses Include: Advertising

After-event entertainment

Food and beverage services

Judges

Officials

Photographers

Prize Money

Production Costs Include: Crew per diem

(allowance for daily expenses).

Lights

Practice venue

Site preparation

Sound and stage setup

Sponsor gifts

Ticket production

Facility Expenses Include: Facility rental

Risk management and liability insurance

Storage space rental

Security

Utilities