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Professional Sports Person - Assignment 4 When an athlete enters the professional sporting world it is essential that their financial needs and general financial status are looked upon by either accountants or financial advisers in order to produce the best outcome for the athlete in question. With their monetary status being kept under surveillance by professionals the athlete can concentrate on their career and keeping up a good income. An accountant takes care of the day to day administration tasks that need to be completed. They can be hired over a period of time or they can be a contracted member of staff for more long term periods. Financial advisers offer advice on investments that can be made and general financial situations for a fixed fee or commission on the end product of the investment. The six key sources of income for a professional athlete are shown below:- ...

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