Sports Management refers to the field of business and management that focuses on the organization, marketing, and administrative aspects of sports and recreation. It encompasses a variety of roles and responsibilities, including the management of sports teams, events, facilities, and agencies. Professionals in sports management work in areas such as event planning, sports marketing, facility management, and athlete representation. The goal of sports management is to effectively leverage sports as a business and cultural phenomenon, enhancing both the experiences of participants and the operational success of organizations. It combines elements of business principles, sports law, ethics, and marketing strategies tailored to the unique nature of the sports industry.
Red Bull Racing is experiencing unfamiliar challenges as they enter the 2025 Formula 1 season, marking a shift in their usual dominance. After finishing third in the 2024 constructors' championship,…