PARAG PAREKH AND CO , CAs
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Om Shri Padmavati Parshvanathay Namah 
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SPORTS 

                                                                                                 keeping Doctors at bay..... 

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Sports is a business cum fitness and recreation  model. 

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Sports includes 

  • Gymnastics, numerous Olympic games, 
  • Cricket, football, badminton, tennis, boxing, 
  • Hockey, rugby, baseball, archery, shooting, 
  • Bowling, cycling, swimming, horse racing, 
  • Car / bike racing, golf, skiing, 
  • Boat races, ice skating, 
  • Ice hockey, water sports, etc. 

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A specific authority is formed by the government to regulate, develop, train, organize and conduct a particular sport like cricket say Board of Cricket Control of  India.

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Board Members of a Sports Authority  are generally highly influential people.



Sports attract large audiences in a stadium and they are organised as Olympics, World Cups, Championships, Matches, Leagues, Rallies, etc. 

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A sports business earns revenue from event coverage rights given to  Television, internet, mobile, sponsorships from one official team sponsor who is generally a very large corporate, merchandise suppliers like sports kit, suppliers like hotels and travel, ground signage rights as well as ticket sales.

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Stadiums could be owned or leased. 


The financial numbers involved could be upto 100's of millions of dollars on an annual basis.


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  • Setting up state of the art accounting systems
  • ERP software review and implementation assurance 
  • Improving systems and controls
  • Independent Professional record keeping of Property Plant and Equipment 
  • Statutory audits 
  • Internal audits 
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