Public-Private Partnership in the Field of Sport

Abstract

Given that the share of state expenditures on the creation and development of infrastructure projects in the field of sports in Ukraine, at present, remains insignificant and does not cover the necessary needs, there is a question of efficient use of budget funds and stimulate private investment in sports. The article defines the general theoretical principles of publicprivate partnership (PPP) in Ukraine and the world. The current problems of institutional partnership and the relationship between the state and the private sector in the field of physical culture and sports in the development of PPP, generalized and systematized mechanisms of state support for private investment in the sports industry based on trends in entrepreneurship in the study area. The issue of financing infrastructure projects of the sports industry through PPP is considered, with special attention to the characteristics of different PPP models (concessions, life cycle contracts, etc.) and mechanisms for their application in different countries (USA, England, Italy, and others) and analysis of the Law of Ukraine. About public-private partnership". Based on the analysis of projects, as well as legal mechanisms that ensure the rights and responsibilities of the state and private partner in Ukraine, the need to support PPP in the field of sports was noted. It is concluded that in the interaction of business and the state in the field of physical culture and sports, a balance must be achieved between the private interests of the entrepreneur and social problems that arise and should develop for the benefit of society. In addition, the conclusion of this work raises issues arising from the initiators and owners of PPP projects, ways to solve complex aspects, and noted the importance of creating conditions for new institutional relations of partnership between government and business, which will promote sports, the formation of modern scientific developments and innovative technologies.