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Football Club
In association football, a football club (or association football club, alternatively soccer club) is a sports club that acts as an entity through which association football teams organise their sporting activities. The club can exist either as an independent unit or as part of a larger sports organization as a subsidiary of the parent club or organization. The sport of association football allows teams that partake in some sort of club activity to participate in tournaments such as leagues and other competitions. Teams must register their players as well as staff and other personnel to be eligible to represent the club in any activity as it regards to association football competitions. Club competitions In association football terminology, competitions are referred to as "club competitions". Supporters may also acquire membership rights within their club. Even sponsors may be accounted for as members of the club of affiliation. This is a reason as to why the sport came to ...
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Stadium Of Football Club FC Barcelona - Camp Nou
A stadium (: stadiums or stadia) is a place or venue for (mostly) outdoor sports, concerts, or other events and consists of a field or stage completely or partially surrounded by a tiered structure designed to allow spectators to stand or sit and view the event. Pausanias noted that for about half a century the only event at the ancient Greek Olympic festival was the race that comprised one length of the stadion at Olympia, where the word "stadium" originated. Most of the stadiums with a capacity of at least 10,000 are used for association football. Other popular stadium sports include gridiron football, baseball, cricket, the various codes of rugby, field lacrosse, bandy, and bullfighting. Many large sports venues are also used for concerts. Etymology "Stadium" is the Latin form of the Greek word " stadion" (''στάδιον''), a measure of length equalling the length of 600 human feet. As feet are of variable length the exact length of a stadion depends on the exact ...
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Incorporation (business)
Incorporation is the formation of a new corporation. The corporation may be a business, a nonprofit organization, sports club, or a local government of a new city or town. In the United States Specific incorporation requirements in the United States differ on a state by state basis. However, there are common pieces of information that states require to be included in the certificate of incorporation. *Business purpose *Corporation name *Registered agent *Inc. *Share par value *Number of authorized shares of stock *Directors *Preferred shares *Officers *Legal address A business purpose describes the incorporated tasks a company has to do or provide. The purpose can be general, indicating that the budding company has been formed to carry out "all lawful business" in the region. Alternatively, the purpose can be specific, furnishing a more detailed explanation of the products and/or services to be offered by their company. The chosen name should be followed with a corporate iden ...
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Football Club (East Germany)
Football club (, FC) was a designation for a specially promoted club for elite football in East Germany. The football clubs were formed in 1965 and 1966 as centers of excellence in East German association football, football. The football clubs enjoyed considerable advantages over other sports communities in East German football in terms of material conditions and talent recruitment. All designated football clubs had their own catchment areas and promising players were ordered to play for them. In addition to the ten designated football clubs, sports community SG Dynamo Dresden was also promoted in a similar way to the designated football clubs from 1968. General There was no traditional club system in East German football. The traditional and self-governing clubs had been effectively banned in 1948 and replaced across the board by nation-wide state-run and controlled bodies, the so-called "Sports associations (East Germany), sports associations" (, SV). A system with elite Sport ...
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Naming Rights
Naming rights are a financial transaction and form of advertising or memorialization where a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event (most often sports venues), typically for an agreed time. The term typically ranges from three to 20 years for properties such as multi-purpose arenas, performing arts venues, or sports fields. Longer terms are more common for higher profile venues such as professional sports facilities. This arrangement gives buyers a marketing property to promote products and services, enhance customer retention, or increase market share. There are several forms of corporate sponsored names. For example, a ''presenting sponsor'' attaches the name of the corporation or brand into a traditional name (e.g. Mall of America Field at Hubert H. Humphrey Metrodome and Smart Araneta Coliseum); a ''title sponsor'' replaces the property's original name with a corporate-sponsored name (as with most ...
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Event Organiser
Event management is the application of project management to the creation and development of small and/or large-scale personal or corporate events such as festivals, conferences, ceremonies, weddings, formal parties, concerts, or conventions. It involves studying the brand, identifying its target audience, devising the event concept, and coordinating the technical aspects before actually launching the event. The events industry now includes events of all sizes from the Olympics down to business breakfast meetings. Many industries, celebrities, charitable organizations, and interest groups hold events in order to market their label, build business relationships, raise money, or celebrate achievement. The process of planning and coordinating the event is usually referred to as event planning and which can include budgeting, scheduling, site selection, acquiring necessary permits, coordinating transportation and parking, arranging for speakers or entertainers, arranging decor, ...
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Youth System
In sporting terminology, a youth system (or youth academy) is a youth investment program within a particular team or league, which develops and nurtures young talent in farm teams, with the vision of using them in the first team if they show enough potential. In contrast to most professional sports in the United States where the high school and collegiate system is responsible for developing young sports people, most football and basketball clubs, especially in Europe and Latin America, take responsibility for developing their own players of the future. A subset of youth academies are referred to as elite academies, designated for teenagers and young adults. These academies typically have a higher cost of capital incurred for maintaining an optimal environment for practice as well as cups and other competitions that may be partaken. Elite academies often have full time staff including but not limited to coaches, physiotherapists, office staff and other roles that assist in the ...
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Premier League
The Premier League is a professional association football league in England and the highest level of the English football league system. Contested by 20 clubs, it operates on a system of promotion and relegation with the English Football League (EFL). Seasons usually run from August to May, with each team playing 38 matches: two against each other team, one home and one away. Most games are played on weekend afternoons, with occasional weekday evening fixtures. The competition was founded as the FA Premier League on 20 February 1992, following the decision of clubs from the Football League First Division, First Division (the top tier since 1888) to break away from the English Football League. Teams are still promoted and relegated to and from the EFL Championship each season. The Premier League is a corporation managed by a Richard Masters (football), chief executive, with member clubs as shareholders. The Premier League takes advantage of a £5 billion domestic televi ...
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English Football League System
The English football league system, also known as the football pyramid, is a series of interconnected leagues for men's association football clubs in England, with five teams from Wales, one from Guernsey, one from Jersey and one from the Isle of Man also competing. The system has a hierarchical format with promotion and relegation between leagues at different levels, allowing even the smallest club the theoretical possibility of ultimately rising to the very top of the system, the Premier League. Below that are levels 2–4 organised by the English Football League, then the National League System from levels 5–10 administered by the FA, and thereafter Regional feeder leagues run by relevant county FAs on an ''ad hoc'' basis. It also often happens that the Premier Division of a Regional Feeder League (Step 7 or Level 11) has its constitution given to it by the FA. They have to accept it or appeal but cannot reject it at an annual general meeting. The exact number of cl ...
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Community Development
The United Nations defines community development as "a process where community members come together to take collective action and generate solutions to common problems." It is a broad concept, applied to the practices of civic leaders, activists, involved citizens, and professionals to improve various aspects of communities, typically aiming to build stronger and more resilient local communities. Community development is also understood as a professional discipline, and is defined by the International Association for Community Development as "a practice-based profession and an academic discipline that promotes participative democracy, sustainable development, rights, economic opportunity, equality and social justice, through the organisation, education and empowerment of people within their communities, whether these be of locality, identity or interest, in urban and rural settings". Community development seeks to empower individuals and groups of people with the skills they n ...
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Market Value
Market value or OMV (open market valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with ''open market value'', ''fair value'' or '' fair market value'', although these terms have distinct definitions in different standards, and differ in some circumstances. Definition International Valuation Standards defines market value as "the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion". Market value is a concept distinct from market price, which is "the price at which one can transact", while market value is "the true underlying value" according to theoretical standards. The concept is most commonly invoked in inefficient markets or disequilibrium situations where prevailing market prices a ...
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Nonprofit Corporation
A nonprofit corporation is any legal entity which has been incorporated under the law of its jurisdiction for purposes other than making profits for its owners or shareholders. Depending on the laws of the jurisdiction, a nonprofit corporation may seek official recognition as such, and may be taxed differently from for-profit corporations, and treated differently in other ways. Public-benefit nonprofit corporations A public-benefit nonprofit corporation is a type of nonprofit corporation chartered by a state government, and organized primarily or exclusively for social, educational, recreational or charitable purposes by like-minded citizens. Public-benefit nonprofit corporations are distinct in the law from mutual-benefit nonprofit corporations in that they are organized for the general public benefit, rather than for the interest of its members. They are also distinct in the law from religious corporations. Religious corporation A religious corporation is a nonprofi ...
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Capital Structure
In corporate finance, capital structure refers to the mix of various forms of external funds, known as capital, used to finance a business. It consists of shareholders' equity, debt (borrowed funds), and preferred stock, and is detailed in the company's balance sheet. The larger the debt component is in relation to the other sources of capital, the greater financial leverage (or gearing, in the United Kingdom) the firm is said to have. Too much debt can increase the risk of the company and reduce its financial flexibility, which at some point creates concern among investors and results in a greater cost of capital. Company management is responsible for establishing a capital structure for the corporation that makes optimal use of financial leverage and holds the cost of capital as low as possible. Capital structure is an important issue in setting rates charged to customers by regulated utilities in the United States. The utility company has the right to choose any capital ...
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