scholarly journals Analysis of the financing activities of European football leagues

2021 ◽  
Vol 189 (5-6(1)) ◽  
pp. 46-56
Author(s):  
Oleg Litvishko ◽  
◽  
Ayaz Aliev ◽  
Roman Veynberg ◽  
Olga Kokoulina ◽  
...  
Keyword(s):  
Financial Management ◽  
Professional Sports ◽  
Social Significance ◽  
Economic Activities ◽  
Sports Industry ◽  
Sports Organizations ◽  
Promising Tool ◽  
Cost Growth ◽  
European Football ◽  
Stable Growth

In a market economy, effective financial management is one of the most important aspects of the functioning of any company, which plays a connecting role between various areas of its activities and determines the company’s position on the market, its competitiveness, prospects for sustainable development and cost growth. In this context, the assessment of the economic efficiency of sports organizations is also relevant, due to the high social significance of the sports industry and its huge popularity among the population. The study selected leagues that use different approaches to the formation and distribution of financial resources in their activities. Thus, the subject of this research is the existing mechanisms for financing the activities of sports subjects. The comparative report of UEFA on club licensing for pre-COVID-19 period was used as an analytical basis for the study. The results obtained during the study showed that with an effective approach to the process of managing financial and economic activities, the professional sports industry can be considered as a promising tool that can generate a significant material and non-material effect on various spheres of public activity, which affects the dynamic economic growth of the industry, as evidenced, in particular, by the performance index of the football leagues of Europe calculated in the work, showing the stable growth of the industry in the pre-COVID-19 period.

scholarly journals EFFICIENT BUSINESS MODEL AS A BASIS FOR THE GROWTH OF THE INVESTMENT COST OF A PROFESSIONAL SPORTS CLUB

2019 ◽  
pp. 159-166 ◽  
Author(s):  
O. V. Litvishko ◽  
O. M. Golikova
Keyword(s):  
Business Model ◽  
Professional Sports ◽  
Cash Flows ◽  
Sports Clubs ◽  
Sports Industry ◽  
Financial Condition ◽  
Sports Club ◽  
Football Clubs ◽  
European Football ◽  
Football Industry

The precarious financial condition of sports clubs, combined with negative cash flows and permanent losses, can be the cause of the further collapse of the entire football industry. This is largely due to the European model of the implementation of sports activities, when in the pursuit of a sports result, the basic principles of building a business and financial efficiency go to the background. The article has been devoted to the search questions of an effective business model for the further development of the professional sports industry, taking into account the modern requirements of a market economy. The arguments, that the financial rules, introduced by Union of European Football Associations, will make football clubs profitable projects attractive to investors, are given in the article.

scholarly journals Analysis of the efficiency of financial and economic activities of russian football clubs

2021 ◽  
pp. 85-92
Author(s):  
A. A. Aliev ◽  
O. V. Litvishko ◽  
A. I. Yusifova ◽  
A. A. Fateeva
Keyword(s):  
Customer Orientation ◽  
Professional Sports ◽  
Innovation Activity ◽  
Capital Investments ◽  
Economic Activities ◽  
Performance Factors ◽  
Sports Industry ◽  
Football Clubs ◽  
Qualified Personnel ◽  
High Degree

Attracting financing and a stable inflow of capital investments for development is one of the most important issues in the framework of a market economy for any sphere, including the professional sports industry. The inflow of sufficient funding depends to a high degree on the investment attractiveness of the object. In addressing these issues, an essential role is played by the assessment of the effectiveness of financial and economic activities, which affects the amount of funds raised from both budgetary and extra-budgetary sources. The identification of the most important performance factors will allow us to direct efforts to maintain their favorable condition, which is the key to the stable development of the sports industry. The conducted analysis showed that with a competent approach, in particular in the issues of popularization of the sport, the league and club brand, customer orientation and the use of the product exclusivity factor, qualified personnel, as well as investment and innovation activity, including in the issue of training sports personnel, the professional sports industry can be considered as an effective investment and advertising tool that can generate income both in monetary form and in the form of image and socially significant effect.

Confronting the Problems of Professional Sports: A Public Policy Response to Franchise Relocation and Stadium Subsidization

2005 ◽  
Vol 1 ◽  
Author(s):  
Taylor F Brinkman
Keyword(s):  
Local Community ◽  
Professional Sports ◽  
The United States ◽  
Direct Result ◽  
Sports Organizations ◽  
Sports Leagues ◽  
Sports Finance ◽  
Sports Venues ◽  
Benefits And Costs

During the past decade, forty-six professional sports venues were constructed in the United States, while only 16 expansion teams were created by the major sports leagues. Nearly two thirds of these newly built stadiums and arenas were funded with public tax revenues, despite substantial evidence showing no positive economic impact of new sports stadium construction on local communities. In reviewing the economic literature, this article investigates the role of professional sports organizations in the construction and public subsidization of new sports venues. Franchise relocation and public stadium subsidization is a direct result of the monopoly power of professional sports leagues, whose franchise owners extract large subsidies from their host communities by threatening to relocate to viable alternative locations. After explaining how the most common methods of stadium subsidization project a disproportionate allocation of the benefits and costs of hosting a professional team to local community interests, this article outlines several considerations for local policymakers who seek to reinvigorate public discussion of equity concerns in professional sports finance.

Dynamic pricing usage in sports for revenue management

2016 ◽  
Vol 42 (9) ◽  
pp. 913-921 ◽  
Author(s):  
Adrien Bouchet ◽  
Michael Troilo ◽  
Brian R. Walkup
Keyword(s):  
North American ◽  
Dynamic Pricing ◽  
Professional Sports ◽  
Business Analytics ◽  
Content Type ◽  
Sports Organizations ◽  
Decision Making Processes ◽  
Sports Leagues ◽  
Job Title ◽  
Travel Services

Purpose The purpose of this paper is to examine the extent to which dynamic pricing is utilized in North American professional sports. While industries such as airlines and travel services have employed dynamic pricing for decades, professional sports is only now starting to adopt it. Design/methodology/approach The authors survey and interview high ranking executives and managers in North American sports organizations. A total of 72 managers and executives from the four major North American professional sports leagues as well as other sport properties were surveyed. Descriptive statistics and a basic regression provide insight into perceptions v. actual practice among sports organizations. Findings While most sports organizations perceive high usage of dynamic pricing within their organization, current procedures lag. Nearly 70 percent of respondents believe that their organizations frequently or always apply business analytics to dynamic pricing, but only 30 percent update their prices daily. Fully 50 percent of organizations do not automate decision-making processes, which is a hallmark of dynamic pricing. The perception of constant use of analytics in dynamic pricing intensifies as job title increases. Originality/value As one of the initial surveys looking at the usage of dynamic pricing in North American professional sports, this study provides a glimpse into both the perception and the reality. It suggests that there is still ample room for improvement.

scholarly journals An Empirical Assessment of Participation and Decision Making by Rural Women in Agriculture and Livestock Activities

2020 ◽  
Vol 7 (1) ◽  
pp. 009-012
Author(s):  
Rashmi Chaudhary ◽  
◽  
Yasmin Janjhua ◽  
Avineet ◽  
Krishan Kumar ◽  
...  
Keyword(s):  
Decision Making ◽  
Rural Women ◽  
Financial Management ◽  
Management Practices ◽  
Animal Husbandry ◽  
Economic Activities ◽  
Poor Access ◽  
Women In Agriculture ◽  
Modern Technologies ◽  
Selection Of

Women make essential contributions to agriculture and rural economic activities in all developing countries. Even though women contribute 60 to 80% of the labour in agriculture and animal husbandry, their involvement in selection of suitable crops and adoption of innovative and good management practices is very low. The study reported that sampled women respondents have shown participation in all the selected agriculture and livestock activities excluding marketing and financial management. The study put forth that very less households witness female participation in agriculture and livestock activities related decision making. Some of the important reasons for their subdued role in decision making in agricultural production could be lack of awareness about new opportunities and modern technologies, inadequate facilities for training and capacity building and poor access to extension workers for consultation whenever needed.

Social Economy – Opportunities and Challenges

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Pobeda Lukanova ◽  
◽  
◽  
Keyword(s):  
Social Economy ◽  
Social Goals ◽  
Legal Environment ◽  
Social Significance ◽  
Economic Activities ◽  
Social Entrepreneurs ◽  
National Priority ◽  
European Social Fund ◽  
The Social ◽  
Social Fund

The social economy is part of the national economy that is subordinate to social goals and uses socially acceptable forms of organizing economic activities. The realization of its employment opportunities as well as products and services of social significance is a topical national priority. Here are presented the main features of this economy and its current situation in Bulgaria. The legal environment and the need for a framework law for it have been considered; opportunities for training of social entrepreneurs; insufficient use of the European Social Fund to finance its initiatives. The perspectives of the social economy are placed within the framework of the development of the digital economy and its element.

A Methodology for the Sport Industry to Capture Public Perceptions and Responses in the Time of COVID-19

2021 ◽  
Author(s):  
Yen-Yao Wang ◽  
Tawei (David) Wang ◽  
Kyunghee Yoon
Keyword(s):  
Crisis Management ◽  
Management Strategies ◽  
Professional Sports ◽  
Public Perceptions ◽  
Learning Approaches ◽  
Sports Industry ◽  
Sport Industry ◽  
Hidden Patterns ◽  
The Impact ◽  
Sports Activities

The COVID-19 pandemic has had an unprecedented impact on the sports industry, affecting from professional sports activities to the 2020 Summer Olympics. It has wreaked havoc on the sports calendar, causing a number of events to be canceled or postponed. This study proposes a methodology by which the sports industry can assess public perceptions and responses in social media to gain important insights that can be used to craft effective crisis management strategies. Using machine learning approaches in order to extract hidden patterns in tweets could assist practitioners in creating and implementing crisis communication strategies for mitigating the impact of COVID-19.

The Last Russian Balance Scientist of the 20th Century

Vestnik NSUEM ◽  
2021 ◽  
pp. 46-78
Author(s):  
M. L. Pyatov
Keyword(s):  
20Th Century ◽  
Financial Management ◽  
Balance Sheet ◽  
Business Environment ◽  
State University ◽  
Economic Activities ◽  
Financial Model ◽  
Late 20Th Century ◽  
National School ◽  
New Business

The main stages of creative career of professor of Saint Petersburg State University Valery Viktorovich Kovalev (1948–2020), who restored the national school of accounting study which treated the balance sheet as a financial model of the company, are shown. The paper characterizes the specifics of the Soviet school of analysis of economic activities of enterprises formed by the start of Perestroika in the USSR. The scope of the methodological tasks placed before accountant theorists by new business environment in the conditions of the development of post-Soviet economy in Russia is shown. The paper reveals the methodological basis of the methods, suggested by V.V. Kovalev, of analysis of accounting reporting of legally independent business entity in the conditions of market economy, as synthesis of the developments of national accountants of the early 20th century and conceptual framework of English-American school of corporate finance of the late 20th century. The relation of the content of the works by Kovalev to the provisions made by A.P. Rudanovsky (1863–1931) is characterized. The paper presents the influence of several personal qualities of professor Kovalev as a researcher on the development of his ideas ranging from the set of indicators of dynamic analysis of accounting reporting to a new national school of financial management which united the concepts of the Continental European and English-American accounting traditions for the first time. The paper characterizes educational activities of V.V. Kovalev in the 1990s and reveals the content of his works regarding the history of financial science. The success of Kovalev as a propagandist of accounting as science is explained.

Legal, Ethical, and Integrity Issues in Sports Industry

2021 ◽  
pp. 492-516
Author(s):  
Igor Ponkin ◽  
Olga Shevchenko ◽  
Alena Redkina
Keyword(s):  
Russian Federation ◽  
Professional Sports ◽  
Business Development ◽  
Legal Services ◽  
Professional Athlete ◽  
Sports Industry ◽  
Commercial Activities ◽  
Sports Ethics ◽  
The Russian Federation ◽  
Further Development

This chapter focuses on the issues of the sports industry. Since sport, in addition to its other aspects, is a fast-growing industry, the chapter considers the importance of sports industry for the sector as a whole. The chapter shows the basic elements of sports industry structure, together with the peculiarities of Russian sports industry legal support in general and in some particular directions. The authors give definitions of “sports industry,” “sports product,” “sports entertainment product,” “professional sports,” “professional athlete,” “sports ethics,” and “sports integrity.” Being a good basis for sports business development, the legislation of the Russian Federation in the sphere of legal services for business and commercial activities within the sports industry takes into account sports-specific features and its principal functions enabling professional sports sector to provide benefits to economy and society. However, there is still space for further development.

Sign in / Sign up

Export Citation Format

Share Document