| （1.滨州学院 体育科学研究所，山东 滨州 256603；2.商丘师范学院 体育部，河南 商丘 476000） 摘 要：体育产业风险投资的运营始于资金的筹集和投放，终止于投资的收回和获得投资收益。运作过程分为筹资、投资和撤资3个阶段的循环模型。体育产业的风险投资是以资本增殖为目的，体育产业风险投资不是一次性投资行为，而是时间和空间上的循环过程。体育产业风险退出是该循环过程的关键环节，最佳的途径是体育企业购并或股份回购。 |
REN Bao-guo1，LIU Feng-ting2，SU Zhen-nan1
| (1.Institute of Sport Science，Binzhou College，Binzhou 256603，China; 2.Department of Physical Education，Shangqiu Teacher College，Shangqiu 476000，China) Abstract: The operation of risk investment in the sports industry starts at fund raising and launching, and ends at investment recovery and the gain of investment earning. The operating process is a model of circulation divided into 3 stages, namely, fund raising, investing, and fund withdrawing. Risk investment in the sports industry aims at capi-tal increment. It is not a behavior of one time investment, but a circulative process in terms of time and space. The risk exit in the sports industry is the critical link in this circulative process, and the best channel is sports enterprise merger or share buyback. |
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