Sports and Sports Organizations
Clubs, federations and sports organizations dealing with accounts, broadcasting revenue, sponsorship and player transfers.
Industry context
A change of management usually raises one question: how the money was managed.
Sports organizations manage broadcasting rights, sponsorship, player transfers and remittances, under scrutiny from members, boards and oversight bodies. Changes of management and public or incentive-based funding create demand for account reviews and the reconstruction of movements. SGEx carries out that review.
Common situations in this industry
- Accounts of past administrations and of funds received.
- Determination of broadcasting, sponsorship and transfer revenue.
- Reconciliation of accounts and financial movements.
- Review of the organization’s accounting records.
- Determination of amounts between clubs, players and intermediaries.
How SGEx works
- By administration. Movements organized by each administration’s term.
- Specific revenue. Broadcasting, sponsorship and transfers determined by contract.
- Incentive-based funds. Use of funds checked against the approved project.
Each administration’s accounts are rebuilt with the supporting documents for every movement.
What We Solve
- Do the administration’s accounts reconcile? Accounts of administrations and funds received.
- How much did the organization receive? Determination of broadcasting, sponsorship and transfer revenue.
- Are the movements reconciled? Reconciliation of accounts and financial movements.
- Are the accounting records reliable? Review of the organization’s records.
- What is owed on the transfer? Amounts between clubs, players and intermediaries.
- Were incentive-based funds properly used? Review of accounts for incentive-funded projects.
How We Approach It
Period
Defining the administration or contract.
Revenue and spending
Gathering by nature.
Reconciliation
Comparison with statements and contracts.
Report
Findings and balances determined.
What we examine
Financial statements, sponsorship and broadcasting contracts, player and intermediary contracts, bank statements, board minutes and accounts for incentive-funded projects.
Possible Deliverables
The format is defined according to the agreed scope and the purpose of the work.
- Review of accounts rendered
- Audit report
- Technical opinion
- Reconstruction of movements
- Expert report
Other SGEx Solutions
Services, specialties, contexts and industries connected to this topic under SGEx's relationship matrix.
Related Services
- Accounting Expert ExaminationIndependent expert examination of accounting records, financial statements and calculations, prepared for judicial, arbitral and administrative proceedings.
- Forensic AccountingReconstruction and examination of accounting records and financial flows for evidentiary purposes, in contexts of suspected wrongdoing, conflict or inquiry.
- Financial and Operational AuditExamination of financial statements, processes and controls, focused on the reliability of information and adherence to defined criteria.
- Business and Asset ValuationValuation of companies, ownership interests and assets for disputes, corporate transactions, succession matters and court proceedings.
Related Specialties
- Rendering of Accounts and Financial ReconciliationExamination and reconstruction of accounts, reconciliations, and receivables, payables and balances among partners, officers and other parties.
- Corporate Matters, Buyout Claims and ValuationValuation of a withdrawing shareholder's interest, balance-sheet determination, goodwill, business valuation and corporate disputes.
- Contracts and Commercial RelationsEconomic and financial imbalance, contractual disputes, and commercial agency, distribution and dealership agreements.
- Judicial Reorganization, Bankruptcy and InsolvencyPreliminary expert examination, verification and challenge of claims, asset valuation, insolvency and liquidation.
Related Areas of Practice
- Civil and Contract DisputesNonperformance, termination, contract revision and civil liability claims in which the controversy turns on monetary values and calculations.
- Corporate and Shareholder DisputesDisputes among shareholders, partners and officers, corporate dissolutions, buyout claims and disagreements over financial results.
- Courts of Audit and Oversight BodiesProceedings before Courts of Audit, internal-control bodies and other oversight bodies that examine the use of public funds.
- Judicial Reorganization, Bankruptcy and InsolvencyJudicial reorganization, out-of-court reorganization and bankruptcy proceedings in which creditors, the debtor and the court all depend on reliable technical information.
Related Industries
- Media and EntertainmentProductions, exhibition rights, talent contracts and royalty payments in which revenue and costs are disputed.
- Games, Esports and Digital EntertainmentStudios, publishers, esports teams, tournament organizers and platforms in disputes over revenue, royalties, valuation and contracts.
- Associations, Foundations and Nonprofit SectorAssociations, foundations and nonprofit organizations facing accountability duties, tax-immunity requirements and financial reviews.
- Digital Business, Creators and PlatformsDigital businesses, content creators and platforms involved in asset tracing, valuations and disputes.
Talk to our specialists
Describe the organization, the period and the issue in dispute. SGEx will assess the scope before submitting any proposal.