Innovation, creativity and change are the key elements and unavoidable factors in sport. The importance of this issue encourages us to study sport from the point of view of ENTREPRENEURSHIP. During the recent years, spreading the sport management and development of ENTREPRENEURSHIP have created a new frame work in sport in a way that a new approach has been appeared regarding sport management and ENTREPRENEURSHIP. For this reason this article aims to study the relationship between ENTREPRENEURSHIP and sport in order to spread and develop the theory of ENTREPRENEURSHIP in sport management. Through studying the information gained in economics and sports marketing, we have been given the opportunity to identify the Innovations, proactiveness and risk taking in sport from which the dimensions of ENTREPRENEURSHIP has been out broke in this domain. Moreover, the current article implicitly points out the study related gap between ENTREPRENEURSHIP and sport management by introducing the different kinds of ENTREPRENEURSHIP existing in sport and sport management domains. Finally, suggestions are discussed for future studies.