scholarly journals The Benefits of Financial Markets: A Case Study of European Football Clubs

2009 ◽  
Author(s):  
Dirk G. Baur ◽  
Conor McKeating
Keyword(s):  
Financial Markets ◽  
Football Clubs ◽  
European Football

scholarly journals Impact of UEFA Champions League and UEFA Europa League on Financial Sustainability—Case Study of Two Small Football Portuguese Teams

2020 ◽  
Vol 12 (21) ◽  
pp. 9213
Author(s):  
Florbela Dantas ◽  
Ana Borges ◽  
Rui Silva
Keyword(s):  
Financial Sustainability ◽  
Effective Management ◽  
Case Study Analysis ◽  
Box Office ◽  
Football Clubs ◽  
European Football ◽  
Nonparametric Statistical ◽  
The Impact ◽  
First Time

Qualifying for European competitions allows football clubs to have access to the two most important football competitions played in Europe, UEFA Champions League and UEFA Europa League. Thereby, participation in these important competitions has both direct (participation prizes) and indirect (player transactions, television rights, box office, advertising, sponsorship) impacts on the sustainability of European football clubs’ accounts. The current competition model, which now includes more football teams, has become more attractive for small clubs. In this context, this research aims to analyze the impact of qualification for European competitions on the sustainability of a strong economic and financial structure of small clubs through a case study analysis of two small Portuguese clubs. The quantitative analysis is also supported by a comparative analysis, which was reinforced with nonparametric statistical analysis. The results show that the economic and financial impact on small clubs was not immediate, but was beneficial if it was managed efficiently. This research contributes to increasing knowledge of the decision-making agents of clubs that are participating for the first time in European competitions, or, if recurrent, are seeking answers and guidelines for the effective management of football teams.

scholarly journals Analysis of The Implementation of UEFA Financial Fair Play: A Case Study on Arsenal and Machester United Football Club

2014 ◽  
Vol 5 (1) ◽  
pp. 123 ◽  
Author(s):  
Sendy Sendy ◽  
Gatot Soepriyanto ◽  
Nuraini Sari
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Financial Ratios ◽  
Fair Play ◽  
Football Club ◽  
Financial Fair Play ◽  
Football Clubs ◽  
European Football

This study aims to analyze the implementation of UEFA Financial Fair Play (FFP) to European football clubs. Research is conducted based on Arsenal and Manchester United football clubs financial statements for 2010-2012. The study uses financial simulation to test whether the two England-based club are able to meet the UEFA FFP rules. Analyses were also conducted on the financial performance ratios of both clubs and their effects on the implementation of the UEFA FFP. The result is the two clubs can meet the standard provisions for the implementation of UEFA FFP. In the assessment of financial performance, Arsenal have a slightly better financial ratios than Manchester United. Performance aspects of profitability and solvency became an issue in the implementation of UEFA's FFP, related with debt holdings and high salaries that owned by both clubs.

The Football Team Composition Problem: a Stochastic Programming approach

2017 ◽  
Vol 13 (3) ◽  
pp. 113-129 ◽  
Author(s):  
Giovanni Pantuso
Keyword(s):  
Programming Approach ◽  
Football Players ◽  
Steady Growth ◽  
Premier League ◽  
Football Team ◽  
Composition Problem ◽  
Football Clubs ◽  
European Football ◽  
English Premier League

Abstract Most professional European football clubs are well-structured businesses. Therefore, the financial performance of investments in players becomes crucial. In this paper, after the problem is discussed and formalized, an optimization model with the objective of maximizing the expected value of the team is presented. The model ensures that the team has the required mix of skills, that competition regulations are met, and that budget limits are respected. The model explicitly takes into account the uncertainty in the career development of football players. A case study based on the English Premier League is presented. Our results show that the model has significant potential to improve current decisions ensuring a steady growth of the value of the team. The team value growth reported is particularly driven by investments in young prospects.

The profitability of algorithmic trading systems based on football sentiment

2020 ◽  
Vol 42 (1) ◽  
pp. 33-46
Author(s):  
Raúl Gómez-Martínez ◽  
Camila Marqués-Bogliani ◽  
Jessica Paule-Vianez
Keyword(s):  
Financial Markets ◽  
Investment Decisions ◽  
Futures Market ◽  
Algorithmic Trading ◽  
Investment Strategies ◽  
Measurable Effect ◽  
Behavioural Finance ◽  
Trading Systems ◽  
European Football

Behavioural finance has shown that investment decisions are the result of not just rational but also emotional brain processes. On the assumption that emotions affect financial markets, it would seem likely that football results might have a measurable effect on financial markets. To test this, this study describes three algorithmic trading systems based exclusively on the results of three top European football teams (Juventus, Bayern München and Paris St Germain) opening long or short positions in the next market season of the futures market of the index of each country (MIB (Milano Italia Borsa), DAX (Deutscher Aktien Index) and CAC (Cotation Assistée en Continu). Depending on the outcome of the last game played a long position was taken after a victory and a short position after a draw or defeat. The results showed that the algorithmic systems were profitable in the case of Juventus and Bayern whereas in the case of PSG, the system was profitable, but in an inverse way. This study shows that investment strategies that take account of sports sentiment could have a profitable outcome.

Does Financial Fair Play Matter? The Real Effects of UEFA Regulation for European Football Clubs

2019 ◽  
Author(s):  
Ariela Caglio ◽  
Sébastien Laffitte ◽  
Donato Masciandaro ◽  
Gianmarco I.P. Ottaviano
Keyword(s):  
Fair Play ◽  
The Real ◽  
Real Effects ◽  
Financial Fair Play ◽  
Football Clubs ◽  
European Football

Banking on Failure

2020 ◽  
Author(s):  
Richard S Collier
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Current Position ◽  
Tax System ◽  
Number Of Factors ◽  
Tax Systems

This book seeks to explain why and how banks ‘game the system’. More specifically, its objective is to account for why banks are so often involved in cases of misconduct and why those cases often involve the exploitation of tax systems. To do this, a case study is presented in Part I of the book. This case study concerns a highly complex transaction (often referred to as ‘cum-ex’) designed to exploit a flaw at the intersection of the tax system and the financial markets settlements system. It was entered into by a very large number of banks and other financial institutions. A number of factors make the cum-ex transaction remarkable, including the sheer scale of the financial amounts involved, the large number of banks and financial institutions involved, the comprehensive failure of the controls infrastructure in this highly regulated sector, and the fact that authorities across Europe have found it so difficult to deal with the transaction. Part II of the book draws out the wider significance of cum-ex and what it tells us about modern banks and their interactions with tax systems. The account demonstrates why the exploitation of tax systems by banks is practically inevitable due to a variety of systemic features of the financial markets and of tax systems themselves. A number of possible responses to the current position are suggested in the final chapter.

Will We Lose If We Lose You? Players’ Absence, Teams’ Performance and the Overlapping of Competitions

2021 ◽  
pp. 152700252110084
Author(s):  
Levi Pérez
Keyword(s):  
Negative Impact ◽  
Potential Cost ◽  
Psychological Momentum ◽  
Risk Of Injury ◽  
European Football ◽  
The Impact

It is common for elite players to represent their respective countries in international competitions. However, there is a potential cost to the club team derived from that situation (risk of injury, fatigue, psychological momentum, etc.). This paper evaluates the impact of players’ absence on European football teams’ performance by focusing on the Africa Cup of Nations as the case study. The results indicate that the sending of players to the African tournament has a relatively small negative impact on teams’ performance. But this cannot be generalized to all the leagues and loses significance when corrected by players’ abilities.

scholarly journals Managing brand presence through social media: the case of UK football clubs

2014 ◽  
Vol 24 (2) ◽  
pp. 181-204 ◽  
Author(s):  
Jeff McCarthy ◽  
Jennifer Rowley ◽  
Catherine Jane Ashworth ◽  
Elke Pioch
Keyword(s):  
Social Media ◽  
Web Sites ◽  
Short Term ◽  
Content Type ◽  
Study Approach ◽  
Football Clubs ◽  
Multiple Case ◽  
Community Growth ◽  
Further Development

Purpose – The purpose of this paper is to contribute knowledge on the issues and benefits associated with managing brand presence and relationships through social media. UK football clubs are big businesses, with committed communities of fans, so are an ideal context from which to develop an understanding of the issues and challenges facing organisations as they seek to protect and promote their brand online. Design/methodology/approach – Due to the emergent nature of social media, and the criticality of the relationships between clubs and their fans, an exploratory study using a multiple case study approach was used to gather rich insights into the phenomenon. Findings – Clubs agreed that further development of social media strategies had potential to deliver interaction and engagement, community growth and belonging, traffic flow to official web sites and commercial gain. However, in developing their social media strategies they had two key concerns. The first concern was the control of the brand presence and image in social media, and how to respond to the opportunities that social media present to fans to impact on the brand. The second concern was how to strike an appropriate balance between strategies that deliver short-term revenue, and those that build longer term brand loyalty. Originality/value – This research is the first to offer insights into the issues facing organisations when developing their social media strategy.

scholarly journals INDICATORS OF FINANCIAL SUPPORT FOR FOOTBALL PLAYERS’ MIGRATION IN LEADING EUROPEAN LEAGUES

2021 ◽  
Vol 5 (1) ◽  
pp. 137-148
Author(s):  
Eduard Sobol ◽  
Andrii Svatyev ◽  
Eduard Doroshenko
Keyword(s):  
Financial Support ◽  
Football Players ◽  
Financial Activity ◽  
Premier League ◽  
Financial Fair Play ◽  
Football Clubs ◽  
Transfer Cost ◽  
European Football ◽  
Increasing Trends ◽  
Generalization Of Data

Introduction. Modern football is characterized by increasing trends in migration and transfer activity in the leading European football leagues and a decrease in the number of students of their own children's and youth academies of the leading football clubs of the European Championships for the period 2009-2019. The aim of the study is to investigate and determine the level of financial support for the migration of qualified players in leading European clubs on the basis of their transfer activities (according to open sources). Material and methods: analysis and generalization of data of scientific and methodical literature sources and the Internet, pedagogical observations, content analysis of materials of official websites of football clubs, UEFA and FIFA, methods of mathematical statistics. Results. In the «TOP-20» ranking of leading European football clubs at the end of 2019 in terms of total transfer costs, which determine the migration of qualified players, there is the following distribution: «Barclays Premier League» (England) – 8 football clubs (40%) with transfer costs € 4,726 million (43,40%); «Liga de Futbol Profesional, Primera Division» (Spain) – 4 football clubs (20%) with transfer costs of 2415 million € (22,17%); «Lega Nazionale Professionisti Serie A TIM» (Italy) – 4 football clubs (20%) with transfer costs of € 1,816 million (16,67%); «Le championnat de France de football» (France) – 2 football clubs (10%) with transfer costs of 1261 million € (11,58%); «Fußball-Bundesliga» (Germany) – 2 football clubs (10%) with a transfer cost of € 673 million (6,18%). Conclusions. Analysis of the structure of profits «TOP-20» ranking of leading European clubs, shows that the average is: about 44% – the sale of rights to telecast competitions, about 40% – advertising revenue and about 16% is the share of revenue from tickets and season tickets. Indicators of financial activity of leading European football clubs are monitored by UEFA and FIFA programs for compliance with the requirements and criteria of financial «Fair Play».

Career patterns of marketing managers in top European football clubs

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Karolina Nessel
Keyword(s):  
Sports Management ◽  
Career Patterns ◽  
Content Type ◽  
Marketing Managers ◽  
Football Clubs ◽  
European Football ◽  
Main Activity ◽  
The Individual ◽  
Functional Experience ◽  
Football Industry

PurposeThe goal of this research was to explore career patterns of senior marketing managers in the best European football clubs (SMMEFCs).Design/methodology/approachThe data came from the LinkedIn profiles of current and past SMMEFCs. Firstly, the optimal matching algorithm was used to determine clusters of pathways leading to a first SMMEFC position based on the main activity of the employing organisation. Secondly, these patterns were compared in terms of variables depicting the career paths, clubs and managers. Finally, the evolution of the post-SMMEFC careers was analysed.FindingsPeople in their first SMMEFC positions are mainly male with a university degree in business and marketing, and with a predominantly functional experience in marketing. There are five ways to become an SMMEFC: through business (40% of the sample), football (32%), other sports (11%), marketing and communication (11%), and media (6%). As the majority of SMMEFCs come to their positions from outside the sporting world, the specificity of the football industry is not a serious obstacle. Instead, the careers are bounded by functional marketing experience. Among the individual sequences leading to a first SMMEFC position, only around half of the football cluster may be considered traditional careers. Football, and sports in general, seem attractive for post-SMMEFC career development for the majority of managers coming from all pathways.Originality/valueThe study is the first one to quantify career patterns in professional sports management. It provides new insights about marketing careers and practice in European club football.

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