Roman Abramovich and his principles of management

Altukov, Sergey; Morozov, Boris; Li, Hongxin; Nauright, John

doi:10.1080/17430437.2020.1747157

Cited by 2 publications

(3 citation statements)

References 5 publications

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“…Nevertheless, literature gives examples of strategies for successful investments in professional football clubs, which are not defined by profits only. Altukov et al. (2020) point out the relevancy of traditional managerial principles as the basis for the successful investment of Roman Abramovich in Chelsea FC.…”

Section: Resultsmentioning

confidence: 96%

“…Bull and Whittam (2016) classify different ownership types based on investor motives, but do not distinguish between inherent characteristics. Further publications touch the subject only peripherally (Altukov et al. , 2020; Lassas, 2021; Osborne and Coombs, 2009).…”

Section: Resultsmentioning

confidence: 99%

“…Nevertheless, literature gives examples of strategies for successful investments in professional football clubs, which are not defined by profits only. Altukov et al (2020) point out the relevancy of traditional managerial principles as the basis for the successful investment of Roman Abramovich in Chelsea FC. Beyond running the club as a traditional business, Abramovich was eagerly leveraging the football-specific, positive impact of funding on sporting success.…”

Section: Investor Behavior and Strategymentioning

confidence: 96%

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Decrypting the specifics of professional football club investments: Why? What? How? An integrative review

Kirsch,

Sauer,

Zülch

2024

SBM

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PurposeSince the beginning of the 2000s, investors have more frequently invested into professional football clubs, thereby radically changing the industry landscape. This review's purpose is to analyze and synthesize the state of research to understand motives, roles and implications of football club investors, and to provide recommendations for further research.Design/methodology/approachThe paper presents an integrative literature review by identifying relevant English articles based on the search terms investor, owner, investment, ownership, shareholder and stakeholder in combination with soccer or football. Around 2,431 articles were reviewed. A total of 129 relevant articles was analyzed and synthesized within eight subject areas.FindingsInvestors in professional club football is a young research stream with a clear European focus. Investor motives and roles are diverse and implications are multidimensional. Investors mostly aim for indirect returns rather than pure profit- or win-maximization.Research limitations/implicationsFootball clubs comprise an own investment class for which the identified, unique specifics must be considered to develop a financially successful investment model. Thorough academic research of investors' inherent characteristics, investor-club pairings and the pillars of long-term strategies for successful investor-club liaisons are avenues of future research. Furthermore, the results illustrate the need for research outside of Europe.Originality/valueThe paper is the first systematic, integrative review of existing literature in the domain of equity investments into professional club football. The findings genuinely show that, depending on the investor type and ownership structure, investors have a wide impact in professional club football.

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Section: Resultsmentioning

confidence: 96%

Section: Resultsmentioning

confidence: 99%

Section: Investor Behavior and Strategymentioning

confidence: 96%

See 1 more Smart Citation

Decrypting the specifics of professional football club investments: Why? What? How? An integrative review

Kirsch,

Sauer,

Zülch

2024

SBM

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A puha költségvetési korlát szindrómája a hivatásos labdarúgásban. Kitekintés a nemzetközi és a magyarországi sajátosságokra

Havran¹,

András²

2022

Közgazdasági Szemle

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A puha költségvetési korlát szindrómája a hivatásos labdarúgásban Kitekintés a nemzetközi és a magyarországi sajátosságokra A tanulmány Kornai János puha költségvetési korlát szindrómájának elméletét alkalmazva mutatja be a hivatásos labdarúgás működését, különös figyelemmel a 2010-2019 közötti időszak magyar sajátosságaira. Az elérhető pénzügyi, egyéb üzleti és sportszakmai adatok feldolgozásával látható eredmények szerint ezen időszakban a magyar klubok a közvetlen régiós versenytársakhoz viszonyítva -lényegesen nagyobb erőforrás-felhasználás mellett -sportszakmai szempontból kevésbé voltak sikeresek. Működésük fontos jellemzője az úgynevezett "egyéb bevételek" nagyságának magas alakulása, ami azért lehet káros, mert nem kötődik sem a sportszakmai eredményességhez, sem a fogyasztó-és az ügyfélkapcsolatokhoz, így az ezektől függő hatékonysági tényezőknek (fogyasztó-és ügyfélorientált ság, innovációs kényszer) való megfelelés alól is mentesülnek a klubok. Vélhetően kisebb, de teljesítményen alapuló és transzparens finanszírozással jobban fejlődhetne a magyar labdarúgás. * Journal of Economic Literature (JEL) kód: H27, Z23, Z28.

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Roman Abramovich and his principles of management

Cited by 2 publications

References 5 publications

Decrypting the specifics of professional football club investments: Why? What? How? An integrative review

Decrypting the specifics of professional football club investments: Why? What? How? An integrative review

A puha költségvetési korlát szindrómája a hivatásos labdarúgásban. Kitekintés a nemzetközi és a magyarországi sajátosságokra

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