An Analysis of Financial Risk Assessment of Globally Listed Football Clubs
In the past three decades, the robust capital market has led to the accelerating commercialisation of the football industry, and the financial operations of football clubs have gradually entered the limelight. This study aims to construct a financial risk assessment model applicable to the football industry, explore the overall financial operating characteristics of globally listed football clubs, and analyse the leading causes of the club's financial crisis. The study selected a sample of 24 currently listed football clubs worldwide and an exploratory factor analysis (EFA) model to construct the model of financial risk assessment for football clubs. The model identified and classified the financial risk components for listed football clubs, thus facilitating risk warning and prevention for modern professional clubs. This study found that football clubs are at higher financial risk overall, with the following general characteristics: (1) low net profits and a large proportion of loss-making clubs; (2) high gearing ratio; (3) weak asset liquidity; and (4) small amount of listed capital. Finally, the study discussed the leading causes of the financial crises of football clubs in both external and internal dimensions, providing a reference for the daily operation of clubs and football authorities
Year of publication: |
[2023]
|
---|---|
Authors: | Fan, Mu |
Publisher: |
[S.l.] : SSRN |
Subject: | Welt | World | Fußball | Football | Sportorganisation | Sport organization |
Saved in:
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