In sports management we tend to see endorsements with individual players. That’s a relationship between a company that is trying to communicate its brand, likeness, and message. It is typically aligned with an athlete who also has a particular image, brand, and message that he or she is trying to communicate.

Licensing is really all about the rights to use an image of a franchise, a club, or even of an individual player. It’s all about taking a message that a club, franchise, or player represents, and connecting it to another company or organization. It also includes connecting the fans, which are the people who are consuming and want to be attached (in some way) to that club, franchise, and image.

Endorsements as a Relationship

Endorsements for sports is really a relationship where a player or a facility is endorsing a product. Licensing, in terms of the legal world, is really intellectual property. Sports management education explains licensing as something that may be used on the field, by the player or by the stadium, but it’s also something that is recognized outside of just the field of play. Brands connect with fans. They have to connect with them before they get there, while they’re there, and after the event. Otherwise, it really doesn’t work. Why would you want to spend your money connecting with somebody just two hours a week, or maybe they never set foot in the building again?

You want to connect with them in multiple ways. You can do that by branding with the ticket, branding in the building via recognition and having eyeballs on advertisement through digital fascia boards, or through the center hung scoreboards. You can put your particular brand on social media and connect with the team or with the facility. That way, you know that when you walk into the building, there’s near field recognition to your mobile device and allows you to both connect on a way that you would not have done otherwise as you walk up to the building, through the building, and after you leave it.

You could easily opt-out of that if you’d like or you could opt-in and most people, in my opinion, don’t have a fear of having the brand connect with you. That’s why you’re there and it’s much more immersive. As I’ve mentioned in the past, immersive involvement is where sports is headed, and I think we’ll see more and more of this.

A Deep Dive in Player Compensation

Players are compensated in a number of ways. Mostly, they’re compensated through their salary agreements with their teams, and each league has a different collective bargaining agreement. Online sports management education teaches the collective bargaining agreement as a very, very detailed contract, which explains how players, from rookies all the way up to veterans, are compensated for on the field, on the ice, on the court, or any other way of how they play. There’s incentive-laden contracts as well, but for the most part, all players receive a similar contract, plus incentives. Certain players may have endorsements outside of just playing on the field. Those endorsements connect the player to the product.

The most obvious and the most well-known is probably Michael Jordan and the Nike brand, with his own brand of Jordan shoes. Nike has transcended this sports market with Michael Jordan over the past 30 years. Even though he hasn’t played basketball for a number of years, it’s probably one of the most recognizable endorsements in all of sports.

Determining the Split in Revenue

Teams make money from media. They make money from tickets. They also make money from their facilities. A lot of that revenue is shared with the players, so the collective bargaining agreements have this concept of sports-related revenues. In football, it’s defined as gross revenues. In hockey, it’s hockey-related revenues. Each of the leagues have their sort of calculation of all the revenues which are used to share between both the players and the owners. Each league, through collective bargaining, decides how that revenue will be split. For the most part, it’s about a 50/50 split of revenues that’s generated in the building and through the teams.

When it comes to having a successful sports environment, it really comes down to the programming and the coach. Not everybody on the team is going to be a leader, so it’s about enabling those who will be able to develop the skills. These are people who may be particularly charismatic or especially confident, and it’s about identifying these individuals and supporting their development.

With the rest of the athletes who may not have those traits, it’s about realizing what they do have inside of them and how that can influence them and help them become good leaders as well. For example, I had a student who played football, and he knew he wasn’t going to be able to take it to the next level, but he didn’t know what he was going to do with his life. He didn’t feel that he had any other skills aside from what he could do on the football field.

So, we sat down and talked about what he does bring to the table as far as those skills and what those skills are for him. We discussed how it wasn’t about the fact that he could carry a football. It was about the fact that he could read a field. He could sit back and watch things unfold and see where he needed to go. Then, we talked about how those skills could transfer into other areas.

In a way, that’s strategy. That’s understanding the big picture and figuring out where you fit within that picture. And that’s a valuable skill to have across a number of industries. For coaches, parents, and mentors, an important part of helping athletes transition away from their sport and into the real world is helping them understand the transferable skills that they possess and how those skills can help them become good leaders in the careers that they choose.

Those interested in sports management or global sports can learn more about this subject with sports management education, and online sports management education is an excellent option that doesn’t require as many resources.

The difference in global football, or soccer from the United States perspective, is that most of the global leagues that play soccer have promotion and relegation. There’s this possibility of moving up a division or down a division, and that has a lot of implications for the revenue model.

There’s a risk associated with it that isn’t in the United States. I like to think that the United States is a capitalist economy with a socialist sports ban, whereas with European soccer, and around the globe for that matter, they tend to have a more socialistic economic environment, but also a very capitalistic methodology for promotion and relegation.

The primary risk in European football is moving down into a lower league and therefore not having access to the same revenue sources and sponsorship. That said, the power teams are forced to really buy players and bring the strongest team to the field so that they don’t get relegated. That in itself is problematic for ownership and problematic for the leagues because they have to be concerned that teams don’t overspend to forestall the possibility of relegation. The leagues, like the European Premier League and many of the other lesser leagues, have this concept of financial fair play, where you’re not allowed to overspend in pursuit of wins and losses to prevent you from being relegated.

Franchises tend to be owned, usually, by a principal owner. That’s one person who, for the most part, leads something of a larger group. That’s not always the case, but in the United States and the rest of the world nowadays, most ownerships look pretty much the same. The interesting thing about them, though, is that they’re much more international wherever you go around the world. They’re different owners from different countries, stretching across the world. So sports, which we used to pay more attention to on a local level than global, are now becoming much more global overall.

In a way, it has almost flipped in the sense that the global sports impact has now reached the local level. We can look at some examples, like Chelsea Football Club, which has a Russian billionaire as its owner, in the heart of London, and is one of the most popular clubs on the planet. And its reach goes everywhere around the world, including, increasingly, the United States. It extends even as far as New York City, where it has certain partnerships, not only in business, but also certainly in government and in the nonprofit world. So, as you can see, the reach that it has goes quite a long way.

To learn more about the reach of global sports, as well as everything else related to sports management, give online sports management education a try. You don’t need an extreme amount of time or resources, and you can get your sports management education without even leaving the house.

Sports generate more passion and interest than probably any other hobby or activity in the world. It is a safe space to play out the kinds of challenges and goals that a person might pursue in life but without the same consequences.

Life Lessons in Sports Management

When life gets you down – you’re going through a bad breakup, you lose your job – it’s hard to know how to bounce back. In sports, you can put a lot on the line, and if something doesn’t go your way today, there’s always tomorrow. In sports, hope never dies. That is a truly unique thing.

Become the Best Version of Yourself in Sports Management Education

The psychological aspects of sports are incredibly powerful because they allow you to cultivate the best version of yourself. The ways that you want to operate in society – you want to be brave, you want to be smart, you want to be a good communicator, you want to be able to cooperate effectively, you want to be able to lead a team – these are all embodied on the field.

Online Sports Management Education Superhero

You can become that superhero version of yourself. By cultivating that on the field, you can become a more productive, more effective, honest, loyal, brave, leading person in the office, at home and with your kids.

When people think about sports, whether they are local or global sports, they tend to root for certain teams over others. This is where branding a team comes into play. However, those who have taken online sports management education classes know that when marketing and building a sports team’s brand, they can’t rely on the team’s wins.

Every game and every season is different, and if a team’s sports management team focuses on their wins, then their brand will not hold up on a down season. You have to appeal to the fans of that team for all circumstances. The brand should be relatable. This is what allows the brand to grow and flourish even during a down season.

Sports Management education classes can help you with the knowledge that you need to build an effective sports team brand and make it last. Keep the fans in mind. This is always an important aspect of building a sports brand that you can never allow yourself to forget.

Another area I’d like to talk about is the emergence of 5G networks. When wireless signals are transmitted over the 5G network, speed and reliability will be greatly increased. 5G network uses higher radio frequencies, which gives it a much larger capacity to move data quickly, and the high frequencies will also be able to support more than 1,000 more devices per meter than what 4G supports today.

5G can beam large volumes of data to a large number of devices with really high precision. Sports management education expounds on how this differs from 4G. It allows for the internet of things, or IoT, to be used in a way that is not possible under 4G. For example, a coach on the sidelines can have every one of his players and sports management staff connected to wearable devices and monitor them all in real-time. Whether it’s heart rate or hydration levels, or other important data that will translate into fatigue factors.

When you look at all the devices that can be wired, 5G is an enormous asset to connect all these devices. In fact, for us personally, it can connect our thermostat, door locks, our car, and any other devices. This is what 5G can do for us off the field. Online sports management education explains that the capacity for 5G is about 20 times greater than that of 4G, which has huge implications for streaming high def video.

You won’t need to worry about experiencing buffering on the 5G network or latency, which is the time between when an event is transmitted to when it actually reaches the consumer. This is a big deal for sports betting in-game bets where things happen like, is the player going to make or miss his free throw. This type of bettor requires very low latency in the broadcast, meaning a quick response, so 5G is going to be a boon to global sports betting and opens up many more possibilities for bets like this.

In the past, sports marketers would typically speak “at” their target audience using various methods. With a lot of research, we learned that marketers today focus more on building relationships between their organizations and consumers. This type of marketing strategy is obviously different than previous marketing efforts in which you might focus only on, for example, putting up a billboard to speak at people.

Global Sports Marketing

A billboard doesn’t speak to a particular audience demographic. The message displayed on it speaks to everyone, which means that it’s a large sign that talks at you.

If we’re going to compare a marketing campaign with a relationship, and building and maintaining a relationship for years to come, then it’s important to remember that you can’t use one-way communication to preserve your relationship with a consumer. You can’t be one person speaking at the other. That’s not a good, healthy relationship.

As with any relationship, there needs to be some type of back and forth for effective communication. In terms of speaking to consumers, we don’t want to speak at them. We must engage them so that we can learn what they want, value and need from us as Sports Management marketers.

Online Sports Management Education

A Sports Management education is crucial for many reasons. In relation to marketing, it can help you learn, as outlined in this post, the important differences between traditional and modern marketing strategies. As a reminder: Traditional marketing was a one-way street. It was me speaking at you rather than learning and understanding your wants, needs, goals and preferences. It wasn’t two-way communication. What we’re seeing today is that marketing has evolved to include back-and-forth conversations that help sports marketers better understand members of their target audience.

My career in food first started when I attended the Restaurant School of Philadelphia. From there, I went to work in sports for the Cleveland Indians baseball team. Then I worked for Delaware North. At that time, Delaware North tasked me with continuing education to get my Pro-chef Certification and my Certified Chef de Cuisine Certification.

Options for Chefs as Students of Online Sports Management Education

Once I passed those tests at the Culinary Institute of America, I transferred to the San Diego Padre baseball team. At that point, I realized that I wanted to stay in sports, and there was so much opportunity in global sports stadiums and arenas. There are so many options for chefs in sports management. I thought it was much better action than just being a restaurant chef or a hotel chef, where they never close and stuff like that.

Grabbed by a Hands-on Sports Management Education

At that point, the sports industry grabbed me. From there, I went to the Philadelphia Eagles football team and came to work here at MetLife Stadium. It’s been six great years of working in food.

Classes online in sports management education allow people to have a hand in building others up through athletics. Self-esteem and confidence are absolutely tied into the outcomes of participating in sport, especially as we get older. One of the benefits of working in sports management is the joy of seeing the changes in adults who had stepped away from sports for career or life reasons, like marriage or children, and then come back and find new self-esteem.

Global sports research has been done with people involved in triathlon and running, who participated as a youth and dropped out or who had never participated, and have been convinced to get into triathlon by their friends. They are so excited, especially women. They say things like, “I never thought I was going to be able to swim, and now I can do a Half Ironman,” and “I never thought I could ride a bike. I never thought I would ever do it, and now I’m out here with my friends competing in this race.”

Participating in sport brings out confidence in them, and then that transfers into other parts of their lives and keeps them motivated to continue to participate. They lose weight. They get healthier. They actually do things that they never thought that they could do, and their self-esteem and confidence grow by bounds. Helping people cultivate new self-confidence is a foundation of sports management education.

Whether you’re looking at local, national or global sports, venue operations have changed dramatically over the last several years. In building sports facilities, you’ll see developers, architects and engineers pay very close attention to how fans move through a building. This is because a fan needs to be able to get to their seat, get to the merchandise, get to the restaurants and enjoy the entire fan experience. And they need to be doing all this while engaging with the sponsorship opportunities that occur in the building.

These buildings are now being constructed to manage traffic flow, not only from a crowd standpoint but also to give the fan an opportunity to enjoy all that the venue has to offer. However, it doesn’t end there.

Everything about the venue is a key part of it, beginning with your arrival—the trip over to the sports facility. Once you arrive, it’s then about how you move around the venue and how you leave the venue. All of it matters; all of it is important. It’s all about this sense of the experience you have from the moment that you set out and take your first step toward the stadium on your way to the game. There isn’t anything at the sporting venue that isn’t key to how people experience that event.

Think about it: imagine that it’s tough to get there, to the point that it’s almost like a commute to work. If it’s that tough to get there, you’re going to have an even tougher time getting started and getting motivated to be part of what’s happening.

Facility management is also focused on the athlete and how the athlete uses the building. Often, we’re seeing training assets inside the facility itself. It’s also about how the players come and use their training facilities. It’s about how they use prep areas and how they move from their car to the locker facilities, to the dressing rooms, to the field of play. These venues should allow them to do these things in a way that ensures they’re not being overworked or overtaxed, and they’re ready for the game that evening. Because they want to be sure the athletes are bringing their best to the court or the field or the ice, architects spend a fair amount of time working through the planning process to allow the them and their competitors to move through the building with ease.

Success for a sports venue is measured in many, many ways. As opposed to how success is measured for a sports team—which is typically by financial success or wins and losses—success for a venue means that people enjoy going there, and that it not only draws crowds but also that it draws successful events.

So, when you’re looking at a major outdoor venue, it won’t have hundreds of events per year. This means people enjoy the experience of going to the building. Consider a venue like Wembley in the UK. It’s an iconic event facility that is for the national football team—or national soccer team, if you’re from the United States. They hold NFL events there as well, but it isn’t home to a particular team; it’s home to the national team. Yet, people enjoy going there because it’s an iconic building. It’s enjoyable to watch a game there and think about the fact that so many great things have happened at that venue.

Interested in learning more about the world of sporting venues or concepts relating to sports management? If you are, consider trying out online sports management education. Don’t let a shortage of time or resources prevent you from getting the sports management education you want.