Financial plight in English premiership football : an impact of recent global recession

Bernard Mnzava

Resumen


Este trabajo describe el impacto de la reciente recesión global sobre los clubs de la liga de fútbol inglesa. También explica las principales fuentes de ingresos y cómo esas fuentes se han vistoafectadas por el entorno cambiante. Además, el trabajo revisa los principales gastos en los que incurren los clubs y las principales razones que los explican. Finalmente, proporciona indicacionessobre el uso apropiado de los fondos para reducir el impacto de las recesiones globales en el futuro.

This paper describes the impact of the recent global recession in English Premiership football clubs. It also explains the main sources of revenues and how these sources were affected by thechanging environment. In addition, the paper reviews the major expenditures incurred by clubs and the main reasons for incurring the expenditure. Finally, the paper provides direction on theappropriate use of funds to reduce the impact of a global recession in future.

Palabras clave


Crisis financiera; Liga de fútbol inglesa; Financial crisis; English premiership football

Texto completo:

PDF (English)

Referencias


Buraimo, B.; Simmons, R. and Szymanski, S. (2006). "English football", Journal of Sports Economics, 7(1), pp. 29-46.

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Deloitte and Touche. Annual review of football finance. (various years). Manchester, UK.

Kelso, P. and Smith, R. (2009, 23 July). Liverpool owners' talks with RBS over loan may extend beyond deadline. The Telegraphy.

Mintel (2008). Football business (The), Leisure intelligence. London: Mintel International Group Ltd.

Morrow, S. (1999). The new business of football: Accountability and finance in football. Basingstoke: Macmillan Business.

Phillips, B. (2009). English football and the economic crisis. The Run of Play.

Simmons, R. and Forrest, D. (2004). Buying success: Team salaries and performances in North America and European sports leagues. In, R. Fort and D. Fizel (Eds.), International sports economics comparisons, (pp. 123-140). New York: Praeger.

Wilson, J. (2008, 9 October). Financial crisis: How football is affected by the credit crunch. The Telegraphy.




DOI: http://dx.doi.org/10.18002/pec.v0i2011.757

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Copyright (c) 2013 Bernard Mnzava

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