Finanzas del deportefuentes de ingreso y regulación financiera en el fútbol europeo

  1. Luis Carlos Sánchez 1
  2. Ángel Barajas 2
  3. Patricio Sánchez-Fernández 1
  1. 1 Universidade de Vigo
    info

    Universidade de Vigo

    Vigo, España

    ROR https://ror.org/05rdf8595

  2. 2 Higher School of Economics, National Research University
    info

    Higher School of Economics, National Research University

    Moscú, Rusia

    ROR https://ror.org/055f7t516

Revue:
Papeles de economía española

ISSN: 0210-9107

Année de publication: 2019

Titre de la publication: Deporte y Economía

Número: 159

Pages: 200-223

Type: Article

DIALNET GOOGLE SCHOLAR lock_openAccès ouvert editor

D'autres publications dans: Papeles de economía española

Résumé

The purpose of this study is to examine how the evolution of revenue sources and economic control measures has affected European football. Turnovers in European football have experienced strong growth, especially as far as television rights and commercial revenue are concerned. Such growth did not prevent clubs from undergoing financial difficulties, which led UEFA and national leagues to impose stricter financial controls. These events brought about an overall increased profitability for European clubs, as well as divergent developments in debt and expenditure on wages, which were furthermore concurrent with the fact that sporting successes concentrate in the strongest teams, both in continental and national competitions.

Références bibliographiques

  • ANDREFF, W. (2000), «L’évolution du modèle européen de financement du sport professionnel», Reflets et perspectives de la vie économique, 39(2-3): 179-196.
  • ANDREFF, W. (2007), «French football: A financial crisis rooted in weak governance», Journal of Sports Economics, 8(6): 652-661.
  • ANDREFF, W. (2008), «Globalization of the sports economy», Rivista di Diritto e di Economia dello Sport, 4(3): 13-32.
  • ANDREFF, W. (2015), «Governance of Professional Team Sports Clubs: Agency Problems and Soft Budget Constraints», en Disequilibrium Sports Economics, Edward Elgar, Londres, 175-227.
  • ANDREFF, W. (2018), «Financial and SportingPerformance in French Football Ligue1: Influence on the Players’ Market»,International Journal of Financial Studies,6(4): 91. https://doi.org/10.3390/ijfs6040091
  • AT KERNEY (2011), The sport market.
  • AT KERNEY (2015),Winning in the business of sport.
  • BARAJAS, A., y P. RODRÍGUEZ (2009), «Situación financiera del fútbol profesional: crisis y Ley Concursal», Revista de Derecho de Deporte y Entretenimiento, año 2009-3, 27: 65-85.
  • BARAJAS, A., y P. RODRÍGUEZ (2010), «Spanish Football Clubs’ Finances: Crisis and Player Salaries», International Journal of Sport Finance, 5(1): 52-66.
  • BARAJAS, A., y P. RODRÍGUEZ (2014), «Spanish football in need of financial therapy: Cut expenses and inject capital», International Journal of Sport Finance, 9(1): 73.
  • BARAJAS, A.; CASTRO-LIMERES, O., y T. GASPARETTO (2017), «Application of MCDA to evaluate financial fair play and financial stability in European football clubs», Journal of Sports Economics & Management, 7(3): 143-164.
  • BARONCELLI, A., y R. CARUSO (2011), «The organization and economics of Italian Serie A: a brief overall view», Rivista di Diritto e di Economia dello Sport, 7(2): 67-85.
  • BIRKHÄUSER, S.; KASERER, C., y D. URBAN (2017), «Did UEFA’s financial fair play harm competition in European football leagues?», Review of Managerial Science: 1-33.
  • BLOCHING, B., y T. PAWLOWSKI (2013), How exciting are the major European football leagues, Roland Berger Strategy Consultants Studien.
  • BOLOTNY, F. (2006), «Football in France», en W. ANDREFF y S. SZYMANSKI (eds.): Handbook on the Economics of Sport, Edward Elgar Publishing, 49-59.
  • BOURG, J. F., y J. J. GOUGUET (2001), Economie du sport, col. Repères, Paris: La Découverte.
  • DAUNCEY, H., y G. HARE (2014), France and the 1998 World Cup: The national impact of a world sporting event, Abingdon-on- Thames, Routledge.
  • DELOITTE (2005-2018b), Football Money League.
  • DELOITTE (2012-2018a), Annual Review of Football Finance.
  • DEUTSCH FUSSBALL LIGA DFL (2014-2018), Bundeliga report.
  • D I E T L , H . M . , y E . F R A N C K ( 2 0 0 7 ) , «Governance failure and financial crisis in German football», Journal of Sports Economics, 8(6): 662-669.
  • DIMITROPOULOS, P. (2016), «Audit selection in the European football industry under Union of European Football Associations Financial Fair Play», International Journal of Economics and Financial Issues, 6(3): 901-906.
  • DIMITROPOULOS, P.; LEVENTIS, S., y E. DEDOULIS (2016), «Managing the European football industry: UEFA’s regulatory in te rvent ion and the impact on accounting quality», European Sport Management Quarterly, 16(4): 459-486.
  • DIRECTION NATIONALE DU CONTROLE DE GESTION DNCG (2013-2018), Situation du football professionnale.
  • FEDERAZIONE ITALIANA GIUOCO CALCIO FIGC (2013-2018), Report calico.
  • FIFA (2018), Big 5 Transfer Window Analysis 18.
  • FORREST, D.; SIMMONS, R., y S. SZYMANSKI (2004), «Broadcasting, attendance and the inefficiency of cartels», Review of Industrial Organization, 24(3): 243-265
  • FRANCK, E. (2014a), «Financial Fair Play in European Club Football – What is it All About?» University of Zurich, Department of Business Administration, UZH Business Working Paper (328).
  • FRANCK, E. (2014b) , «F inanc ia l Fa i r P l ay in European Club Football: What Is It All About?», International Journal of Sport Finance, 9(3).
  • FRANCK, E. (2018), «European club football after “five treatments” with Financial Fair Play– time for an assessment», UZH Business Working Paper (377).
  • FREESTONE, C. J., y A. E. MANOLI (2017), «Financial fair play and competitive balance in the Premier League», Sport, Bu s i ne s s and Management : An International Journal, 7(2): 175-196.
  • FRICK, B. (2006), «Football in Germany» en W. ANDREFF y S. SZYMANSKI (eds.): Handbook on the Economics of Sport, Edward Elgar Publishing, 486-496.
  • FRICK, B., y J. PRINZ (2006), «Crisis? What crisis? Football in Germany», Journal of Sports Economics, 7(1): 60-75.
  • GRABAR, V., y K. SONIN (2018), «Financial Restrictions and Competitive Balance in Sports Leagues». Centre for Economic Po l icy Research, Working Paper , DP13154.
  • HAMIL, S. y G. WALTERS (2010), «Financial performance in English professional football: ‘an inconvenient truth’», Soccer & Society, 11(4): 354-372.
  • HOEHN, T., y S. SZYMANSKI (2010), «The Americanization of European football» e n S . S Z Y M A N S K I ( e d . ) : F o o t b a l l E conomic s and Po l i c y , Pa lg rave Macmillan, Londres, 52-96. https://doi. org/10.1057/9780230274266_3
  • JDSPORT (2018), The most popular football clubs in the world.
  • JEANRENAUD, C. (2006), «Sponsorship», en W. ANDREFF y S. SZYMANSKI (eds): Handbook on the Economics of Sport, Edward Elgar Publishing, 49-59.
  • KORNAI, J.; MASKIN, E., y G. ROLAND (2003), «Understanding the sof t budget constra int», Journal of Economic Literature, 41(4): 1095-1136.
  • LAGO, U.; SIMMONS, R., y S. SZYMANSKI (2006), «The financial crisis in European football an introduction», Journal of Sports Economics, 7(1): 3-12.
  • L IGA DE FÚTBOL PROFESIONAL LFP (20152018), Informe económico del fútbol profesional.
  • L IGA DE FÚTBOL PROFESIONAL LFP (2016), Reglamento General de la Liga de Fútbol Profesional.
  • L IGA DE FÚTBOL PROFESIONAL LFP (2018), Normas de elaboración de presupuesto de clubs y SAD.
  • MAGUIRE, J., y D. STEAD (1998), «Border crossings: Soccer labour migration and the European Union», International Review for the Sociology of Sport, 33(1): 59-73.
  • MAREQUE, M.; BARAJAS, A., y F. LÓPEZ-CORRALES (2018), «The Impact of Union of European Football Associations (UEFA) Financial Fair Play Regulation on Audit Fees: Evidence from Spanish Football», International Journal of Financial Studies, 6(4): 92. https://doi.org/10.3390/ ijfs6040092
  • MORROW, S. (2003), The People's Game?, Palgrave, Londres.
  • MÜLLER, J. C.; LAMMERT, J., y G. HOVEMANN (2012), «The financial fair play regulations of UEFA: an adequate concept to ensure the long-term viability and sustainability of European club football?, International Journal of Sport Finance, 7(2): 117-140.
  • NALBANTIS, G., T. PAWLOWSKI (2017), The Demand for International Football Telecasts in the United States, Palgrave, Londres.
  • OLIVER & OHLBAUM ASSOCIATES (2016), The UEFA Champions League: Time for a new formation.
  • PEETERS, T., y S. SZYMANSKI (2014), «Financial fair play in European football», Economic Policy, 29(78): 343-390.
  • PLUMLEY, D.; RAMCHANDANI, G. M., y R. WILSON (2018), «The unintended consequence of Financial Fair Play: An examination of competitive balance across five European football leagues», Sport, Business and Management: An International Journal, forthcoming. https://doi.org/10.1108/ SBM-03-2018-0025
  • POLI, R.; RAVENEL, L., y R. BESSON (2016), «Foreign players in football teams», CIES Football Observatory Monthly Report, 12.
  • PREMIER LEAGUE (2018), Handbook Season 2018-2019.
  • PREUSS, H.; HAUGEN, K., y M. SCHUBERT (2014), «UEFA financial fair play: the curse of regulation», European Journal of Sport Studies, 2(1): 33-51.
  • PWC PRICEWATERHOUSECOOPERS (2018), At the gate and beyond.
  • ROHDE, M., y C. BREUER (2017), «The market for football club investors: a review of theory and empirical evidence from professional European football», European Sport Management Quarterly, 17(3): 265-289.
  • SÁNCHEZ, L. C. (2006), «¿Son compatibles el bolsillo y el corazón»? El caso de las sociedades anónimas deportivas españolas», Estudios Financieros. Revista de Contabilidad y Tributación (283): 131-164.
  • SÁNCHEZ, L. C.; BARAJAS, Á., y P. SÁNCHEZFERNÁNDEZ (2017), «Does the Agency Theory play football?», Universia Business Review, (53): 18.
  • SASS, M. (2012), Long-term competitive balance under UEFA financial fair play regulations (n.º 120005), Otto-vonGuericke University Magdeburg, Faculty of Economics and Management.
  • SASS, M. (2016), «Glory hunters, sugar daddies, and long-term competitive balance under UEFA Financial Fair Play», Journal of Sports Economics, 17(2): 148-158.
  • SCHUBERT, M., y S. HAMIL (2018), «Financial Doping and Financial Fair Play in European Club Football Competitions» en M. BREUER y D. FORREST (eds.): The Palgrave Handbook on the Economics of Manipulation in Sport, Palgrave Macmillan, Cham. pp. 135-157.
  • STATISTA (2018), Revenue of the biggest European soccer leagues from 1996/97 to 2018. https://www.statista.com/statistics/261218/big-five-europeansoccer- leagues-revenue/
  • STORM, R. K., y K. NIELSEN (2012), «Soft budget constraints in professional football», European Sport Management Quarterly, 12(2): 183-201.
  • SZYMANSKI, S. (2014), «Fair Is Foul: A Critical Analysis of UEFA Financial Fair Play», International Journal of Sport Finance, 9(3): 218-229.
  • UEFA (2010-2018), Club Licensing Benchmarking Report.
  • UEFA (2015), 10 years of the club licensing system.
  • UEFA (2018), Club Licencing and Financial Fair Play Regulations.
  • YOUGOV (2015), Asian football fans.
La source de données: Dialnet