Analysis And Research On Multiple Investment And Financing Models Of Large Stadiums

With the continuous improvem ent of th e social and econom ic level and the promulgation of the Chinese governm ent’s policy of vigorously developing the sports industry,a large num ber of stadium s have be en built th roughout China.However,according to numerous data from sports census surveys,the vast majority of stadiums have lower operating and m anagement levels,and the daily maintenance expenses of the stadiums are relatively large.This re sults in serious opera ting losses in m ost stadiums after the gam e,and creates e normous financial pressure on governm ent departments.At the same time,the research results of investm ent and financing modes of large-scale stadiums in China are few,the system is lacking,and the theory is not perfect.Therefore,this paper chooses to study the diversif ied investment and financing model of large-scale stadiums and gymnasiums.By summarizing the mature experience of the model,it can be used as a reference for the develo pment of sports stadiums in China.It can be used as a reference for s ports administrative departments and sports industry investment subjects.This paper takes the m ultiple investment and financing model of large stadiums as the research object,and mainly uses literatu re research,co mparative analysis,expert interviews,logical analysis,case analysis and other research m ethods.Focused on the five typical m odels of PPP,BOT,ABS,PFI,and LBP fr om the perspective of th e construction,operation,and management of large stadiums,the concept,characteristics,organization,and operation of the government’s capital investment and financing model and the five types of project investment and financing model.The process and project management are summarized and summarized,and related cases are supplemented.The study compares the LBP model with several other models,summarizes the experiences of using the background,problem s,and operational concepts of the LBP m odel,and gradually constructs the LBP model model and hypothetical cases.The following conclusions ha ve been drawn through rese arch: 1.The developm ent of the multiple investment and financing m odel has imperfect system theory and relevant system guarantees.2.Government capital investment and financing will c ontinue to be the supporters and providers of inve stment and financing funds for large stadiums in China.As the reform trend continues to promote,it will gradually shift from the “dominant” role to the “leader” stage.3.The develo pment of investment and financing models for public-private joint projects is unbalanced and has its own advantages an d disadvantages.4.Although the new LBP model lacks relevant policies and legal support,there are few empirical cases and the theory is not perfect,but it has advantages over other investment and financing models.5.The lack of professional talents in the use of multiple investment and financing modes lacks institutional and legal protection.The recommendations are as follows: 1.Accelerate the transformation of the role of the government’s functional departments and support multiple investment and financing models.2.Promote the reform of traditional investment and financing models to attract social capital to take the in itiative.3.Learn from each other and speed up the development of investment and financing models for public and private joint projects.4.Focus on the combination of theory and practice,and actively promote the LBP model.5.Establish and im prove the corresponding legal systems and regulations for multiple modes and focus on the training of professional personnel.