Human Resource Accounting and the Football League

Trussell, Peter

doi:10.1108/eb013386

Cited by 3 publications

(4 citation statements)

References 1 publication

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“…For the last years, football industry has attracted significant interest by accounting academics. As stated, several "studies have tried to investigate from an accounting perspective this particular business, shedding light on several features of the income statement or the balance sheet (e.g., depreciation of players' registration rights and the related recognition and measurement of intangible assets, see ex multis Trussel, 1977, Morrow, 1992, 1997, Michie and Verma, 1999, Rowbottom, 2002, Amir and Livne, 2005, Forker, 2005 )" [Regoliosi, (2016), p.283].…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Shedding light on the profitability of Italian professional football clubs where a different business model is performing

Regoliosi¹

2017

IJSMM

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Over the last years, several research contributions have investigated the operations of professional football clubs, identifying their economic essence in the production of entertainment, whilst observing significant yearly economical losses in their annual reports. We provide evidence that this 'model' does not hold for all the professional clubs in the Italian 'Serie A' league. A closer look at the economic determinants of their performance shows that there are several entities whose business model runs differently, for: 1) the core activity is not the mere provision of entertainment; 2) the lower the size (in terms of players' book value) the higher the operating profitability.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Shedding light on the profitability of Italian professional football clubs where a different business model is performing

Regoliosi¹

2017

IJSMM

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“…This section draws from the emerging literature on accounting and sport as well as the sociological literature which has examined sport in the context of colonization, professionalization and player migration (see for example Kanemasu and Molnar, 2013). Previous studies in accounting and sport have examined three major themes: how clubs account for players in their financial statements (Trussell, 1977); how teams' performance on the field impacts their clubs' financial performance (Pinnuck and Potter, 2006); and the interaction between accountability and power in professional sport (Cooper and Johnston, 2012).…”

Section: Literature On Accounting and Sportmentioning

confidence: 99%

“…The first major theme in accounting and sport has focused on accounting for individual players in their clubs’ financial statements. Studies within this theme examined how to account for players and human resources in general (Trussell, 1977) and how to classify and measure football players in financial statements (Trussell, 1977; Morrow, 1996; Shareef and Davey, 2005; Bullen and Eyler, 2010). They challenged the traditional accounting practice of expensing player costs, and advocated that capitalizing these costs would provide a better reflection of the clubs’ true value.…”

Section: Literature On Accounting and Sportmentioning

confidence: 99%

Power and performance: Fiji rugby’s transition from amateurism to professionalism

et al. 2016

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This article shows how accounting and rugby have been used as tools of control. It compares the role of accounting in amateur and professional sport, initially analysing the Fiji Rugby Union's (FRU) internal documents from the period when Fiji was a British colony and rugby was an amateur sport. During this period, the FRU practised rudimentary accounting since it relied primarily on internally-generated funds and therefore had virtually no public accountability. The FRU board emphasized rugby's core values and downplayed the importance of money. However, in the professional period, donors require more sophisticated financial reporting and auditing to monitor usage of their grants and evaluate the impact of their investments. The FRU has encountered conflict with its donors due to repeated financial losses and alleged mismanagement. This article reveals that those losses originated in the amateur period through diseconomies of scale, inequitable arrangements for international matches and unsustainable funding models. Rather than helping the FRU to address these underlying problems, powerful stakeholders continue using financial resources and governance structures to control and exploit Fiji rugby.

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“…Indeed, references to the German platform are becoming increasingly common in the football industry, both during transfer negotiations 8 and in financial documentation. 9 In addition to the interest from practitioners in determining the value of football players, scholars in economics, management and accounting fields have been studying the topic for almost 50 years (Dobbins & Trussell, 1975;Trussell, 1976). On further investigation of this football-related literature, we can pinpoint two indications of increased interest from academics.…”

mentioning

confidence: 99%

Football players in light of economic value theory: Critical review and conceptualisation

Franceschi,

Brocard,

Follert

et al. 2023

Manage Decis Econ

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Football players represent the key assets of football clubs, and their value determination is therefore at the heart of clubs' investment and decision‐making processes. Unsurprisingly, the topic of player value has attracted the attention of scholars from various disciplines for decades. Despite this, there is a corpus of academic literature, which, although it works empirically with the relevant data, does not discuss any of the concepts related to the terms ‘value’ and ‘price’ in depth. Conversely, there are studies that do so but do not present a unified and coherent concept of the terminologies used. Consequently, no comprehensive definition of the value of football players seems to emerge from the literature. The central aim of this paper is to fill this gap. Based on a critical review of existing literature, we propose a unified framework embedded in subjective value theory, particularly as formulated by the Austrian school of economics. As a result, this work presents a theoretical basis for defining the use value and market value of football players, the comparison of which can improve clubs' decision‐making. In this context, we also discuss the conceptual validity of Transfermarkt values, a widely used crowd‐sourced valuation tool. Overall, we seek to strengthen the link between economic theory and practical management problems in the football industry. Furthermore, our results are not solely limited to football but are also applicable to athlete valuation in other sports.

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Human Resource Accounting and the Football League

Cited by 3 publications

References 1 publication

Shedding light on the profitability of Italian professional football clubs where a different business model is performing

Shedding light on the profitability of Italian professional football clubs where a different business model is performing

Power and performance: Fiji rugby’s transition from amateurism to professionalism

Football players in light of economic value theory: Critical review and conceptualisation

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