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How to Budget a Tournament

Have you ever thought about hosting a tournament, but weren't sure if it was a good idea? David Hoch, Athletic Director at Loch Raven High School in Baltimore County, Md., outlines a winning strategy for turning your tournament into an effective fundraiser.


By Dr. David Hoch


Without a doubt, planning a tournament takes some work, but it's well worth it. With entry fees, concession sales, and sponsors, a tournament can make a significant financial contribution to your program year after year.


Planning Ahead
To start, create a budget. You can't count on making money, or even breaking even, without a realistic balance of expenses and revenue. Begin by calculating the cost of officials, trophies, custodians, security personnel, and any other necessary expenditures in your setting. With costs known, think about revenue from entry fees, gate receipts, and concessions. Before you take another step, make sure revenue outweighs expenses.


Next, think about finding other sources of income. Beyond entry fees and ticket sales, here are some ideas on making money:


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