Bankruptcy trends among european football clubs

This study analyzes bankruptcy patterns and their influence on the on-field success of seven prominent European football clubs traded on their countries respective stock exchanges. During the period between 2008 and 2020, the current study reveals how these clubs perform financially benchmarked agai...

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Bibliographic Details
Published inJournal of Physical Education and Sport Vol. 24; no. 4; pp. 915 - 923
Main Authors Georgievski, Bojan, Velickovska, Kristina, Dzenopoljac, Vladimir, Pahwa, Nikita, Dzenopljac, Aleksandra
Format Journal Article
LanguageEnglish
Published Pitesti Universitatea din Pitesti 01.04.2024
Subjects
Bankruptcy
Clubs
Collective bargaining
Criminals
Financial Problems
Literature reviews
New stock market listings
Professional soccer
Salary caps
Stakeholders
Stock exchanges
Stockholders
Success
Team Sports
Variables
United Kingdom > UK
United States > US
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Summary:This study analyzes bankruptcy patterns and their influence on the on-field success of seven prominent European football clubs traded on their countries respective stock exchanges. During the period between 2008 and 2020, the current study reveals how these clubs perform financially benchmarked against respective well-established bankruptcy scores. By using Altmans Z score (Altman, 1968), Spríngates S score (Springate, 1978), and Żmijewskis X score (Żmijewski, 1984), we are analyzing the financial stability of football clubs and how it impacts the on-field results and success of these football clubs. This paper concludes that most clubs show bankruptcy tendencies, which affect their sporting success.
ISSN:2247-8051
2247-806X
DOI:10.7752/jpes.2024.04104