Economic sustainability: a solution to the financial problems of football clubs

Atghia, Nahid; Nazarian, Ali

doi:10.1108/sbm-03-2023-0024

Cited by 3 publications

(1 citation statement)

References 98 publications

(158 reference statements)

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“…Atghia and Nazarian (2024) seek to build on prior research through a case study of clubs in the Iranian Premier Football League. This work involved semi-structured interviews carried out anonymously with managers, directors and those with financial or marketing responsibilities to gain insight into their experiences.…”

Section: Case Study Of Iranian Clubsmentioning

confidence: 99%

Football clubs and financial challenges: factors that affect economic sustainability

2024

ASR

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Football enjoys the status of being the world's most popular sport and is thus able to generate more income relative to other sports. Indeed, global demand ensures that football clubs around the world can earn billions of dollars.By and large, clubs focus on providing a service through sporting activities. Nonetheless, they must function effectively as business entities in order to remain competitive. As with organizations operating in other sectors, the COVID-19 pandemic exposed the financial vulnerabilities of football clubs.Its impact highlighted the need for financial sustainability that serves as a foundation for the social and environmental sustainability dimensions. Like other businesses, economic sustainability demands that football clubs utilize resources efficiently to ensure sustainable income is generated. There is an additional obligation to invest wisely so that future growth and financial well-being are not compromised.Ruling bodies in football such as Federation Internationale de Football Association (FIFA) and regional organizations like the Union of European Football Associations (UEFA) have provided specific definitions of what constitutes economic sustainability for high-level football club ownership. A well-developed structure is widely seen as one of the key pillars. Maturity in this respect is indicated through the alignment of key internal and external dimensions. Effective communication processes involving human resources and business partners are one manifestation of the structural efficiency demanded of leading European clubs by UEFA.

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Section: Case Study Of Iranian Clubsmentioning

confidence: 99%

Football clubs and financial challenges: factors that affect economic sustainability

2024

ASR

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Are Italian football clubs embrancing sustainability?

Mura,

Vicentini,

Canini

et al. 2024

CORPORATE GOVERNANCE AND RESEARCH &Amp; DEVELOPMENT STUDIES

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The purpose of this study is to explore the approach of a sustainable governance in terms of sustainability strategies that firms have been implementing towards different stakeholders. The study adopts the stakeholder theory lens to advance research on the area. A qualitative approach was used through semi-structured interviews with 17 participants employed in a total of 12 Italian professional football organizations participating in the top division of football (Serie A). Specific themes regarding the sustainability (and CSR) strategies implemented by the 12 football clubs emerged from the in-depth interviews: a) sustainability approach (awareness), b) organizational sustainability capacity in terms of human, financial and other core resources, networks and external relationships. This study sheds light on football clubs' sustainability, representing a distinctive view in managerial literature.

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A Importância Dos Recursos Intangíveis Na Sustentabilidade Financeira Oriunda Da Transformação Dos Clubes De Futebol Em Sociedades Anonimas Futebolisticas

Rosa,

Rodrigues

2024

Rev. Foco

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Esta pesquisa aborda a transformação dos clubes de futebol em Sociedades Anônimas do Futebol (SAF) e a importância dos recursos intangíveis, como marca, reputação e base de fãs, para sua sustentabilidade financeira. Justificada pela necessidade de explorar a interseção entre a nova estrutura organizacional e a gestão eficaz de ativos intangíveis, o estudo objetiva analisar o impacto da transformação em SAF na gestão e valorização desses recursos. Utilizando uma abordagem qualitativa e quantitativa, incluindo análises de casos específicos e revisões da literatura, os resultados evidenciam a complexidade e a necessidade de uma gestão estratégica dos recursos intangíveis. As descobertas expandem o entendimento sobre a gestão esportiva, oferecendo insights valiosos para a prática e teoria, além de destacar a relevância dos ativos intangíveis na era moderna do futebol.

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Economic sustainability: a solution to the financial problems of football clubs

Cited by 3 publications

References 98 publications

Football clubs and financial challenges: factors that affect economic sustainability

Football clubs and financial challenges: factors that affect economic sustainability

Are Italian football clubs embrancing sustainability?

A Importância Dos Recursos Intangíveis Na Sustentabilidade Financeira Oriunda Da Transformação Dos Clubes De Futebol Em Sociedades Anonimas Futebolisticas

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