Stadium Pay Essay

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Recommended: The practice of sport facility management

Fund reserves are one of the key expenses in for a professional sports building because if you have to take from your funds to pay for something, then that is an expense. Technology is always changing, therefore in order for a stadium to keep up with other stadiums, they must change. So, when they need to change let's say a new video board they would pull it out of their funds.
• Utilities
Utilities are also important because stadium owners have to keep up with their facilities. Utilities would include electricity which could be expensive for the party that is licensing the stadium. Take a high school graduation for example, it should not be hosted in a sports facility for the reason that it will be lots of money.
• Contractual Services
Contractual Services are another key expense because it includes the following expenses which are maintenance, gas, cleaning and custodial. To keep up with the facility, you must have contractual services in order …show more content…

Equipment, as in heavy sound, audio, scoreboard, and video board are all important when hosting a game. The sound and audio must be good so that fans are able to hear important commentary; These are important expenses one must make. Just like the scoreboard and videoboard, these expenses are the keys to making a facility in top shape.
• Event Expenses
Lastly event expenses are key expenditures for sports facilities, Therefore when an event is going to take place or is taking place like a basketball game you need to pay for ushers to direct people to their seats. Also, ticket takers which would be at the entrance of your sports facility to make sure anyone that does not have a ticket does not enter. Lastly an owner must have material and supplies for if let's say someone spills beer on the court and you need to clean it up.
Revenues
• (PSL) Personal Seat License/ Premium

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