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Risks and Liabilities: Injuries Are Not the Worst Liabilities in Pro Sports

Risks and Liabilities: Injuries Are Not the Worst Liabilities in Pro Sports In this excerpt from Monday Morning 8 a.m. newsletter, issue #9, we are addressing some liabilities and risks in business. But first, let's define what is a business risk and what is a liability in business.  What Is Business Risk? Business risk is the exposure a company or organization has to elements that may lower its profits, may result in some other negative impact for an organization, or which may even lead to organization's failure and demise. Anything that negatively impacts organization's ability to achieve its financial and other goals is considered a business risk. What Is a Liability? A liability in business is something an organization owes, usually in monetary value. Liabilities are recorded on the right side of the balance sheet. Liabilities include loans, accounts payable, warranties, mortgages, etc. Pro Sports and Liabilities An article from The Financial Times provides a good summary of private equity firms and American billionaires who are trying to buy into pro sports like Formula One, soccer, football, and rugby. Even Ryan Reynolds, the A-list actor, has bought a football team in the United Kingdom. [bctt tweet="Whenever you're doing any acquisition, you have to decide what you’re buying…

Risks and Liabilities: Injuries Are Not the Worst Liabilities in Pro Sports In this excerpt from Monday Morning 8 a.m. newsletter, issue #9, we are addressing some liabilities and risks in business. But first, let's define what is a business risk and what is a liability in business.  What Is Business Risk? Business risk is the exposure a company or organization has to elements that may lower its profits, may result in some other negative impact for an organization, or which may even lead to organization's failure and demise. Anything that negatively impacts organization's ability to achieve its financial and other…

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