Family Business in Sport Organizations: Western Experiences as Lessons for Transitional Economies

Vanessa Ratten (v.ratten@latrobe.edu.au)
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Vanessa Ratten: La Trobe University

A chapter in Family Businesses in Transition Economies, 2015, pp 305-317 from Springer

Abstract: Abstract This chapter examines family businesses in the sport industry. The reasons why family owned, managed and operated businesses exist in the sport arena are examined within the theoretical framework of family business. The changing definition of family is discussed in the chapter that leads to an analysis of how the community including family businesses help encourage sport-related activity. The role of sport clubs acting as family businesses is highlighted that includes the importance of family’s in promoting the cohesiveness and community that sport as a service and product entails. The analysis reveals important business and lifestyle considerations of family owned sport businesses. These considerations include the importance of family businesses properly managing sport franchises and sport-related business ventures. This chapter focuses on the reasons why family’s manage sport organizations in terms of community and location preferences in the context of family business evolution. The role of conflict, generational issues and succession plans related to family business in the sport context are also examined. The chapter concludes by stating research and management implications of family owners of sport organizations.

Keywords: Family business; Sport; Community development; Public-private partnerships (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-14209-8_15

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DOI: 10.1007/978-3-319-14209-8_15

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