Abstract
While US sports leagues are purely commercial enterprises that are autonomous bodies, in the rest of the world sport is organized and governed by national and international federations who are operated on a non-profit basis with nebulous social goals. The paper seeks to re-define their mission, charging these boards with the authority to: (1) prudently organize commercially-successful aspects of the game to enhance fan appeal and revenue, a portion of which can be taxed by the association, and (2) spend revenues gained from commercially-successful competitions to develop grass-roots sports. The latter efforts should focus on those unable to afford coaching, equipment, travel, and other aspects of the game that serve social functions. As to: (1), associations should roughly model private trusts; as to (2), they should roughly model charitable trusts.
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