Sports Finance refers to the management of money and financial resources within the sports industry. This includes budgeting for teams, managing revenues from ticket sales, sponsorships, and broadcasting rights, as well as handling expenses like player salaries and facility maintenance. Understanding Sports Finance is crucial for the sustainability of sports organizations. It helps teams and leagues make informed decisions about investments, ensuring they can compete effectively while remaining financially viable. Proper financial planning can lead to increased profitability and growth opportunities in the competitive sports market.