Book is Financial Management in the Sport Industry 3rd edition by

Matthew T. Brown; Daniel A. Rascher; Mark S. Nagel; Chad D. McEvoy

Chapter 16 Cocempt Check questions-

1.What is an open sport league? How does it differ from a closed league in terms of structure and organization?

2.What advantages does the open league system have over the closed league system?

3.What are the disadvantages in using the open league system compared to closed leagues.

5.What are parachute payments, and why are leagues around Europe adopting this mechanism?

6.What are yo-yo (or elevator) clubs, and what problems does their existence pose for professional sport leagues?

8.Similarly, why are professional teams in promotion and relegation leagues more likely to go into administration when compared to their North American counterparts?