A Reappraisal on Link between Goodwill and Financial Performance in Sport Industry of Jalandhar

A Reappraisal on Link between Goodwill and Financial Performance in Sport Industry of Jalandhar

Shinde Ashlesh Anil, Soumya Ranjan Senapati, Manpreet Kaur, Dr. Santanu Ray Chaudhuri

Abstract

This study presents a comprehensive reconsideration of the subtle relationship between goodwill and financial performance in the sports industry. Traditionally, goodwill has been linked to intangible assets like brand reputation and consumer loyalty, which are difficult to measure. The study explores how goodwill, which is continuously reflected through brand reputation, fan loyalty, functions as a critical asset in improving financial outcomes for sports companies. By evaluating multiple revenue streams like sponsorships, retail sales, broadcast rights, and match day revenues, the study illustrates the mutually beneficial for a goodwill foundation and improved financial success.  Furthermore, the study explores the moderating impacts of external factors such as market dynamics, competitive success, and digital media presence, providing a more nuanced picture of how goodwill contributes to long-term financial growth in the sports industry. It investigates how intangible assets like goodwill can be translated into actual financial rewards such as larger sponsorships, bigger ticket sales, and higher television ratings. The study's findings are especially pertinent for sports business owners and industry experts who want to manage the intricacies of managing a team or event in an increasingly competitive market. This reappraisal intends to broaden the debate on sports management and provide concrete lessons for practitioners seeking to harness goodwill as a strategic asset for financial success.

Key words: Goodwill, Financial Performance, Sports Industry, Brand Reputation, Fan Loyalty, Sponsorships.