Dr. Jim Kadlecek Presents 'Sports: Is It All About the Money?'
May 25, 2010
'In sports, it is all about the money,' said Mount Union College faculty member Dr. Jim Kadlecek, as he eluded that sports franchises are no different, from a financial standpoint, than any normal business. 'All businesses must make money to survive.'
Kadlecek was the speaker for the second session of LINC, the college-community luncheon series featuring Mount Union College professors and community members discussing current topics, held today in the Hoover-Price Campus Center.
His message did point out that high-end revenues in sports is not a bad thing, but simply a way of keeping a competitive edge in the market place. And like any form of business, the bottom line is to make money.
In addition, Kadlecek discussed the many avenues available for sports teams to make money, such as naming rights, broadcast rights, luxury suite sales, exclusive branded spaces within sports arenas and stadiums, and most importantly ticket sales.
'Ticket sales is the engine that drives the sports machine,' said Kadlecek. 'If you cannot sell tickets, it will directly affect your ability to increase revenues in any other area.'
Kadlecek, assistant professor and chair of the Department of Human Performance and Sport Management and a member of the Mount Union College faculty since 1997, has been instrumental in the growth of the sport management major at the College and is well-connected to executives in the world of professional sports.
He earned a bachelor of science degree in business administration, a master of arts degree in sport administration and a doctor of education degree with an emphasis on sport administration from the University of Northern Colorado.
LINC (lunch, information, networking and conversation) was established this year to take advantage of the local expertise that exists in Alliance, especially given the College's outstanding academic reputation.
The series is open to the public. Sessions will run from noon until 1 p.m. during the third Tuesday of the months of November, February, March and April. The cost for the lunch is $9. The sessions are chaired by Scott Ingledue, chairman of the Board of Directors of Alliance Community Hospital, with comments and updates from President Richard Giese and Harry Paidas, vice president for public affairs and marketing of the College.
The November session will feature Dr. William Coleman, assistant to the president for diversity, who will speak on 'Why Asia Matters' on November 20.
For further information or to make a reservation, contact Diane Thomas, assistant director of public affairs at (330) 823-6063 or e-mail firstname.lastname@example.org.