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Family Business in Sport Organizations: Western Experiences as Lessons for Transitional Economies

In: Family Businesses in Transition Economies

Author

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  • Vanessa Ratten

    (La Trobe University)

Abstract

This chapter examines family businesses in the sport industry. The reasons why family owned, managed and operated businesses exist in the sport arena are examined within the theoretical framework of family business. The changing definition of family is discussed in the chapter that leads to an analysis of how the community including family businesses help encourage sport-related activity. The role of sport clubs acting as family businesses is highlighted that includes the importance of family’s in promoting the cohesiveness and community that sport as a service and product entails. The analysis reveals important business and lifestyle considerations of family owned sport businesses. These considerations include the importance of family businesses properly managing sport franchises and sport-related business ventures. This chapter focuses on the reasons why family’s manage sport organizations in terms of community and location preferences in the context of family business evolution. The role of conflict, generational issues and succession plans related to family business in the sport context are also examined. The chapter concludes by stating research and management implications of family owners of sport organizations.

Suggested Citation

  • Vanessa Ratten, 2015. "Family Business in Sport Organizations: Western Experiences as Lessons for Transitional Economies," Springer Books, in: Léo-Paul Dana & Veland Ramadani (ed.), Family Businesses in Transition Economies, edition 127, pages 305-317, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-14209-8_15
    DOI: 10.1007/978-3-319-14209-8_15
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