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KIN356KExam1 - What is the sport industry-sport not...

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What is the sport industry -sport not recognized as an official industry -parts are in 8 eco sectors entertainment, advertising, health, retail/merchandise, retail, travel -production & consumption estimates range from $213-560B (2005) Recreational sport -not included in sbj estimates -non-organized rec sport is fastest growing segment of sport -(2008) $69.6B spent on sporting equip 2.6% increase compared to 2.2% increase in GDP -apparel ($29.5B), footwear ($12.9B), exercise equip ($4.7B) Alternative Sports Boom -included in non-org push -80M Americans (males 12-24 mainly) spend Bs annually on: MMA ($314M), snowboarding ($235M), skateboarding ($105M) 90s Boom -economics were so good that sport became big -provided eco conditions for growth facility construction, more pro teams, more corp. investments Facilities -(1995-2003) construction spending was almost $16B -(1990-2000) over 160 new places were built Proliferation of Pro Sports -(1990-2000) Pro-forma -for the future ALE -Assets = liability + equity Assets -plant: factory/where you do all the work renting does NOT count Liability
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