Estructuras de Propiedad y Rentabilidad Financiera en El Fútbol Europeo (Ownership Structure and Profitability in the European Football)

Journal of Sports Economics & Management, 6(1), 5-17, 2016

13 Pages Posted: 21 Nov 2016  

Luis Carlos Sánchez

University of Vigo

Patricio Sánchez-Fernández

University of Vigo

Ángel Barajas

University of Vigo - Faculty of Business Administration and Tourism; National Research University Higher School of Economics - International Laboratory of Intangible-driven Economy

Date Written: April 6, 2016

Abstract

Spanish Abstract:: El presente trabajo estudia la influencia de las estructuras de propiedad de los principales equipos de fútbol europeos en su rentabilidad. Los resultados obtenidos muestran que la propiedad dispersa y nacional de un equipo tiene una relación positiva con su rentabilidad financiera. Por otra parte, el hecho de que los equipos se organicen como clubes o como sociedades mercantiles no parece influir en su desempeño económico.

English Abstract: The present paper attempts to study the influence of the ownership structures of the major European football teams in their own profitability. The results show that the dispersed and national ownership of a club has a positive relationship with their financial profitability. However, the fact that the teams are organized as corporations or clubs does not influence their economic performance.

Notes: Downloadable document is in Spanish.

Keywords: Sports Finance, Foreign Owners, Concentrated Ownership, Agency Theory, Clubs

Suggested Citation

Sánchez, Luis Carlos and Sánchez-Fernández, Patricio and Barajas, Ángel, Estructuras de Propiedad y Rentabilidad Financiera en El Fútbol Europeo (Ownership Structure and Profitability in the European Football) (April 6, 2016). Journal of Sports Economics & Management, 6(1), 5-17, 2016. Available at SSRN: https://ssrn.com/abstract=2872699

Luis Carlos Sánchez

University of Vigo ( email )

E.U. de Enx. Técn. Industrial.
Vigo, Pontevedra E-36200
Spain

Patricio Sánchez-Fernández

University of Vigo ( email )

Faculty of Business Administration and Tourism
Ourense, Ourense 32004
Spain
+34988368700 (Phone)

HOME PAGE: http://www.webs.uvigo.es/patricio

Ángel Barajas Alonso (Contact Author)

University of Vigo - Faculty of Business Administration and Tourism ( email )

Campus as Lagoas
Ourense, Ourense 32004
Spain
0034 988368713 (Phone)
0034 988368923 (Fax)

National Research University Higher School of Economics - International Laboratory of Intangible-driven Economy ( email )

Lebedeva,27
Perm, Perm 614070
Russia

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