Profits may lead teams to lose matches, but scoring goals does not lead to profit

Artikel

The purpose of this paper is to examine the relationship between profitability and sporting performance in European football. Profitability has been rarely studied because it has not been considered an aim of European clubs, in contrast with American clubs. However, the emergence of investors who invest on both sides of the Atlantic shows that the objectives of owners can be diverse and that profitability has to be taken into account. The study of the compatibility or incompatibility of sporting performance and profitability has implications for the existence of clubs with owners with different objectives in the same competition, or even owners with different aims in the same club. The paper finds that financial performance has a negative influence on clubs' sporting performance, while sporting performance does not have a negative influence on profitability. Moreover, ownership concentration has a negative influence on both performance variables. These findings show that the pursuit of sport success could undermine the profitability and sustainability of clubs and that investors could focus less on sport results and focus more on maximizing the financial returns on their investments.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: European Research on Management and Business Economics (ERMBE) ; ISSN: 2444-8834 ; Volume: 26 ; Year: 2020 ; Issue: 1 ; Pages: 26-32

Klassifikation und Themen

• Klassifikation: Management ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill ; Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance ; Business Objectives of the Firm ; Firm Performance: Size, Diversification, and Scope ; Sports; Gambling; Restaurants; Recreation; Tourism ; Sports Economics: Finance
• Thema: Sports Finance ; Firm Objectives ; Firm Performance ; Profitability

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Sánchez, Luis Carlos ; Barajas, Angel ; Sanchez-Fernandez, Patricio
• Ereignis: Veröffentlichung
• (wer): Elsevier
• (wo): Amsterdam
• (wann): 2020

Weitere Informationen

• DOI: doi:10.1016/j.iedeen.2019.12.007
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ