The effect of changing the status of sports clubs: From association to the company

The ultimate goal of this study is to assess the role of intensive stock market listing of sports clubs as a source of funding. Precisely, it focuses on the effect of changing of the legal form of the clubs to a company. The sample covers the period of the sporting season form 2004-2005 to 2009-2010 and it covers 17 professional football clubs. We have shown that the listing of clubs has a positive impact on athletic performance, which is measured by the different results obtained for one year.