#20 Florian Hemme: Sports Finance & Optimizing Your Performance The Smart Alec Show

Florian Hemme is an expert within the field of sports management and sports finance. Born in Germany, he now resides in Charlotte, North Carolina. He holds a business degree, two masters degrees in Human Resource Management and Sports Management, and a PhD in Sports Management from UT Austin. He now lectures on sports finance and other sports industry related topics. I’m honored to have had “Dr. H” on the podcast and been able to chat with him.

Connect with Florian Hemme:
- LinkedIn: https://www.linkedin.com/in/florianhemme/

Topics Discussed:
* What is Sports Finance?
* Salary Caps
* Collective Bargaining Agreements
* Revenue Sharing
* Other terminology
* Return on Investment in Sports; difference from other investment vehicles regarding profits
* College Athletics
* Pro Teams
* Investor motivations (fame, glory, hobby, etc.)
* Accounting and Financial maneuvers used uniquely within sports
* Financing of stadiums
* Public Funding Implications
* Unique Cash Flows
* Different League Structures
* Promotion & Relegation
* Revenue Sharing
* Draft Lottery
* Socialistic (American leagues like NBA or NFL) vs Capitalistic (European leagues like La Liga, Ligue 1)
* More on College Athletics
* NIL Implications
* Paying Players
* “Student-Athletes” philosophical arguments
* ROI on student-athlete experience
* Tuition hikes on students for athlete scholarships
* The benefits to College Athletics
* Front-Porch / Marketing
* Efficient Way to Increase Enrollment
* Sources of Funds
* Booster implications
* Allocation of Capital
* Fancy stadiums vs directly paying players
* How To Perform Better
* What we want to improve
* Why
* Parenting
* “I’ll give my kids enough that they can do anything but not enough to do everything” - Warren Buffet
* Polarization in America
* The value of Contemplative Practices like Meditation
* Advice for those wanting to work in sports


Recorded on May 23, 2022


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