Risk Management is an essential topic for sports organizations including federations, associations, leagues and clubs. Financial and operational risks can negatively impact sports organizations and even endanger their existence if not properly managed. Risks come in different shapes and forms, they can have severe impact, moderate consequences or even be tolerable. It is essential however, to know your risks and address them through adequate measures as appropriate.
Financial risks are of concern at most sports organizations we work with. Many sports clubs for instance, either spend too much, have a generally low income or a combination of both. To mitigate the resulting financial risks, proper controls and measures are required.
During our initial analysis, we review your documented key risks (e.g. your current risk register, risk-control-matrix etc.) and identify additional risks if necessary. To identify additional risks, we will use our own risk catalogues and conduct workshops with relevant stakeholders.