This conceptual model discusses financial cooperation among the public sector, franchises, and private entities, suggesting their roles in sports facility financing.
Cooperation among three concerned groups a) the public sector, b) the franchise, and c) the private sector (local community and businesses), has become one of the crucial issues in sports facility financing. This paper attempts to discuss a conceptual model of a tripartite approach to sports facility financing among these three groups. The discussion proceeds in two parts: a) a detailed rationale for the tripartite cooperation and b) a speculation of the responsibility of these three individual constituents in sports facility financing. This study concludes that cooperation of these parties characterizes sports facility financing in the 1990s.
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Ming Li (1994) studied this question.
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