In sports franchise valuations the market approach is:

1. Not recommended because of too few comparable transactions
2. Recommended, but with the caveat that analysts be aware of differences across leagues and sports
3. Recommended, but with the caveat that analysts be aware of non-cash considerations and other aspects of comparable transactions that may not be made public
4. Not recommended because of non-cash considerations and other aspects of comparable transactions that may not be made public

Which of the following was not highlighted as a driver of franchise values:

1. On field winning percentage
2. League management
3. Franchise management
4. Player relations and contracts

Contracts for sponsorship agreements on soccer (in America) or football (everywhere else) jerseys typically last:

1. 3-5 years
2. 5-8 years
3. 8-12 years
4. 10-15 years

Which of the following is not an intangible asset the presenter mentioned sports franchises owning:

1. Trademarks
2. Technology-based patents
3. Goodwill
4. Music rights

Player contracts:

1. Are not amortized
2. Are amortized over their useful life
3. Are amortized over 36 months
4. Are amortized over 60 months

League rules can impact a franchise value through:

1. Barriers to entry for new teams
2. Expansion fees for new teams
3. Increased risk when relegation or promotion schemes are in effect
4. All of these

Individual players on a team:

1. Have a significant impact on team value
2. May have a significant impact on team value
3. Have no significant impact on team value

A general rule of thumb for franchise valuation is to consider the ownership interested in holding the franchise for:

1. 10-20 years
2. 20-30 years
3. 30-40 years
4. 40-50 years

Which of the following are listed as factors in determining the sale price of a franchise:

1. Unequal knowledge or skill between parties
2. Market conditions
3. Special interests of purchasers
4. Imprudent decisions or sentimental value on the part of purchasers

1. 1 and 3
2. 2 and 4
3. 1, 2, and 4
4. 2, 3, and 4

When valuing a minor league or independent league team:

1. Use the same techniques, multiples, and comparable franchises as in a major-league franchise valuation
2. Use the same techniques as in a major-league franchise valuation, but select different comparable franchises and multiples
3. Use the same comparable franchises and multiples as in a major-league franchise valuation, but use a different mix of valuation techniques
4. Use a different mix of techniques, multiples, and comparable franchises as those used in major league franchise valuations