The Spanish Football Crisis

Boscá, José E.; Liern, Vicente; Martínez, Aurelio; Sala, Ramon

doi:10.1080/16184740802024476

Cited by 33 publications

(29 citation statements)

References 5 publications

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“…Esto justifica la necesidad de valorar otras variables relacionadas con la gestión ligadas estrictamente al espectáculo deportivo que ofrecen. Por ello se han agrupado en un bloque diferentes contenidos vinculados a la competición en el fútbol que han sido utilizados en otros estudios, sobre todo aquellos concernientes a su desempeño en el campo de juego (Barros, García, & Leach, 2009;Barros & Leach, 2007;Boscá et al, 2008;Cocco & Jones, 1997;Guzmán & Morrow, 2007;Picazo & González, 2010).…”

Section: Diseño Del Instrumento A) Revisión Bibliográficaunclassified

“…Si bien cabe señalar que aunque los clubes de fútbol profesionales españoles cumplen con la función de ofrecer un espectáculo de alto rendimiento deportivo, muchos de ellos no han alcanzado su objetivo empresarial. Ello sería debido a un elevado gasto con respeto a sus propios ingresos, circunstancia esta que afectaría a casi todos los clubes (Boscá, Liern, Martínez, & Sala, 2008). Del mismo modo, conviene señalar que dentro de lo que se considera la actividad empresarial de estos clubes, y a diferencia de otros sectores, la unión de los espectácu-los deportivos que ofrecen todos los clubes es el producto final (Neale, 1964).…”

Section: Introductionunclassified

“…En otra línea de estudio Boscá et al (2008) afirman que la situación económica de los clubes de fútbol españoles presenta una importante fragilidad, existiendo un elevado gasto en jugadores con respecto a los propios ingresos, circunstancia que afectaría a casi todos los clubes. Estas actuaciones han arrastrado a un estado de insolvencia que, en muchos escenarios, les han llevado al concurso de acreedores (Barajas & Rodríguez, 2010); serían los casos del Real Zaragoza CF (2012), el RC Deportivo de la Coruña (2012) o el RC Recreativo de Huelva (2012).…”

Section: Introductionunclassified

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Sports scores, financial and administrative variables on the financial performance of football clubs

Lopez-Busto¹,

García-Unanue²,

Gómez-González³

et al. 2016

CCD

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ResumenEl objetivo de este estudio ha sido conocer las variables relevantes de gestión que explican los resultados económicos de los clubes de fútbol españoles de la Primera División. Para ello se planteó inicialmente un análisis exhaustivo de la literatura sobre aquellos contenidos que hiciesen referencia a variables relacionadas con la gestión de los clubes de fútbol. Posteriormente, se agruparon estos contenidos en seis bloques temáti-cos para que, de forma complementaria, un grupo de expertos participase en el diseño del estudio emitiendo un juicio colectivo y consensuado sobre aquellas variables y modelos que realmente serían interesantes para la investigación. Para el estudio empírico se trabajó con datos de los clubes de fútbol de la Primera División española entre las temporadas 2007-2008 y 2009-2010. Por último, se realizaron unos análisis de regresión con datos de panel para conocer como se verificaban los modelos propuestos. El trabajo concluye con que de forma individual la existencia de una dirección y/o departamento de operaciones, los beneficios obtenidos en la temporada anterior, el número de partidos jugados en competiciones europeas y la posición alcanzada en la Liga afectan significativamente al resultado neto. Asimismo, el número de jugadores europeos, los gastos financieros y el resultado neto de la temporada anterior actúan como un modelo conjunto que afectaría a las posibilidades de obtener beneficios a los clubes.Palabras clave: Departamento de operaciones, gastos de personal, jugadores europeos, competición. AbstractThe aim of this study was to determine the relevant management variables that explain the performance of Spanish football clubs in the First Division. To do so, a comprehensive analysis of the literature was carried out on the contents relating to the variables associated with the management of football clubs. Thereafter, the contents were grouped into six thematic sections that a group of experts verified as a validity check and to give a collective consensus on the variables and models to further research. For the empirical study we worked with data from the football clubs in the Spanish First Division between seasons 2007-2008 and 2009-2010. Finally, a regression analysis was conducted on the data to understand and verify the proposed models. The paper concludes that, individually, the existence of an address and / or department operations; gains in the previous season; the number of games played in European competitions; and the league position reached; significantly affect net profit. Also, the number of European players, financial expenses and net profit of the previous season, act as a joint model that would affect the chances of profit for the clubs.

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Section: Diseño Del Instrumento A) Revisión Bibliográficaunclassified

Section: Introductionunclassified

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Sports scores, financial and administrative variables on the financial performance of football clubs

Lopez-Busto¹,

García-Unanue²,

Gómez-González³

et al. 2016

CCD

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“…Increasing debts and persistent deficits have characterized the financial situation of most of the European football clubs (Ascari and Gagnepain 2006;Barajas 2004; Barajas and Rodríguez 2010;Boscá et al 2008;Deloitte 2014;Gammelsaeter 2010;García and Rodríguez 2003;Gay 2009aGay , 2009bRobinson and Simmons 2014;Storm and Nielsen 2012). Serious financial problems due to the imbalance between revenues and expenses and the subsequent increase in debt have affected European football; for this reason, some clubs are or have been on the edge of bankruptcy.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Union of European Football Associations (UEFA) Financial Fair Play Regulation on Audit Fees: Evidence from Spanish Football

Mareque

Barajas

López-Corrales

2018

IJFS

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This paper analyzes whether the Financial Fair Play (FFP) regulations set by Union of European Football Associations (UEFA) have influenced the auditing fees charged to football clubs. In addition, it explores the determinants of audit fees. We used a two-sample t-test with equal variances to determine whether differences are present. After this, we carried out a panel data regression with the clubs fix effect to estimate the determinants of audit fees in football clubs. Our findings revealed an increase of audit fees after the implementation of FFP regulations. On top of that, audit fees were explained by the presence of foreign investors if the audit firm was one of the Big 4 and if the auditor was a woman. The regulation change has had an impact on the audit fees charged by auditors for their services. However, this increase may be compensated over future years given the improving financial situation of clubs; therefore, the auditors’ risk diminishes and subsequent audit fees may be reduced. UEFA should monitor audit fees as well as the quality of the audit reports, which have become crucial to obtaining the license to participate in UEFA competitions.

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“…Some kind of evidence is available mainly for the fi ve European top leagues, i.e. English (Buraimo et al, 2006), Italian (Baroncelli & Lago, 2006), Spanish (Ascari & Gagnepain, 2006;Boscá et al, 2008), German (Frick & Prinz, 2006 and French (Gouguet & Primault, 2006;Andreff, 2007). There is also some minor evidence for other leagues, such as in Belgium (Dejonghe & Vandeweghe, 2006), Denmark (Storm, 2010), Greece (Panagiotis, 2009;Dimitropoulos, 2010), Portugal (Barros, 2006) or Scotland (Morrow, 2006a).…”

Section: Background and Literature Overviewmentioning

confidence: 99%

Financial Conditions and Transparency of the Czech Professional Football Clubs

Procházka¹

2012

Prague Economic Papers

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Abstract:The UEFA approved the Club Licensing and Financial Fair Play Regulation in 2010, which governs the requirements on transparency and fi nancial conditions of football clubs participating at the European cups. The paper focuses on the specifi cs of Czech professional football clubs. The research is carried out in two ways. Firstly, the compliance with information duties set up by Czech commercial law is analysed. According to the performed empirical survey, a signifi cant number of Czech football clubs submit their fi nancial statements to the Business Register with a delay or they do not submit the statements at all despite the submission is mandatory. This unsatisfactory state of affairs boosts the risk of bankruptcy of football clubs rapidly taking into account an overall poor fi nancial health of Czech football clubs, which is evidenced by the second part of empirical study.

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The Spanish Football Crisis

Cited by 33 publications

References 5 publications

Sports scores, financial and administrative variables on the financial performance of football clubs

Sports scores, financial and administrative variables on the financial performance of football clubs

The Impact of Union of European Football Associations (UEFA) Financial Fair Play Regulation on Audit Fees: Evidence from Spanish Football

Financial Conditions and Transparency of the Czech Professional Football Clubs

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