Question 1 You have been employed to consult a well-known sports person who wants to set up a business to commercialese their brand and develop some sports products. They have been playing sports straight from school and have very little understanding running a business and developing products. They need your help in launching their business and more specifically, they have several questions that are important to understand before going forward: a) If you are appointed as a financial manager of this new company, what will be your main role and activities? (6 marks) b) Will the company need to invest money in order to acquire assets and if so, in what type of assets is it likely to need? (6 marks) c) Will this company need to raise financing? Is it wise to list the company on the stock market and/or issue bonds? What do you recommend as a financing strategy? (7 marks) d) The sports person believes that any company should be socially responsible and wishes to donate 10% of all profits to charities. Is it a good idea for a company to be bound by such a rule? If not, are there other options to be socially responsible? (6 marks)