Sports Law • Risk Management

money

Why Care About Risk Management?

Every sport and recreation organization will face risks. Risks can be viewed as potential hazards that may cause harm to a person or to property. Any harm that is incurred in connection to a sport and recreation organization may expose that organization to litigation, bad publicity, or financial or criminal sanctions. Risk management is making a decision on what to do about the risks that your organization faces. If you successfully control your risks through risk management, there can be some advantages to your organization.

May 1, 2011: Save Money with Pre-Event Research

When thinking about starting a new event in your area, like a running race or a triathlon, you should do a little planning and research before investing any money. First, think about what type of event you would like to host. Choose a particular event in which you have a high level of competency, which will make it easier for you to understand all the details needed to host a particular competition. Though to further improve your chance of success, consider starting with a more logistically simple race, such as coordinating a small running race.

August 4, 2010: Cash Collection by Volunteers for Club Sports

Here is a scenario that commonly occurs: You oversee the operations of a non-profit youth club sport. To keep costs down, you use volunteers to process registration applications and to collect game day and tournament fees. This is a brilliant plan to use volunteers because parents gladly give their time to support the team for which their son or daughter plays.