Development of revenues of spotrs clubs according to the business cycle

The aim of the thesis is to determine whether the fall in the economic cycle turned out also to the activities of sports clubs or not. Explore whether the environment of sport is so specific to their properties, that is better able to succeed in bad economic times than other sectors. The first part will focus and outlines the theoretical basis for the neoclassical theory of the firm, and behavioral. The thesis mentions specific features of sport companies (clubs) and diversification of their revenues and it analyzes what's the position of sport in the state budget and how much influence the sport industry has on economic performance. The analytical part will focuses on selected sport clubs. Based on information obtained it analyzes the changes in the structure of revenues and expenditures over the past few years and evaluate how much sport clubs were affected by the decline in economic cycle or not