Bankruptcy trends among european football clubs

Document Type

Article

Source of Publication

Journal of Physical Education and Sport

Publication Date

4-1-2024

Abstract

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 Altman’s Z score (Altman, 1968), Springate’s S score (Springate, 1978), and Zmijewski’s X score (Zmijewski, 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

Publisher

Physical Education and Sport Faculty

Volume

24

Issue

4

First Page

915

Last Page

923

Disciplines

Business

Keywords

bankruptcy, Europe, financial performance, football clubs, S score, X score, Z score

Scopus ID

85196255375

Indexed in Scopus

yes

Open Access

yes

Open Access Type

Gold: This publication is openly available in an open access journal/series

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