Managerial Influence on Financial Growth and Sporting Success of European Professional Football Clubs

Publication: Book/ReportDissertations


European professional football has faced some fundamental changes in the 21st century. A growing professionalization and internationalization of clubs has been accompanied by the entry of (foreign) private investors. Based on financial incentive structures in European club competitions and national leagues, clubs have been hypothesized to engage in overinvestments into their squads. While there is a growing research stream on theoretical studies addressing the impact of so-called ‘sugar daddies’, few studies have empirically tested their financial and sporting impact.
Thus, this dissertation aims to explain the managerial influence on financial growth and sporting success in European professional football. First, managerial influence shall refer to managerial decisions on independent variables such as club governance, ownership, and team investments. In this context, financial incentives of owners and managers will be studied using the property rights theory and resource-based view. Second, dependent variables cover the financial success in terms of profits and revenues and the sporting success in national leagues and UEFA competitions. The output maximization will be discussed in the context of profit and win maximization. Third, European professional football shall refer to the ‘Big Five’ European football leagues as well as UEFA competitions such as the UEFA Champions League and UEFA Europa League. The impact of national regulations such as the German ‘50+1 rule’ and the UEFA Financial Fair Play on team investments will be discussed.
Keywords: Sports finance, soccer, elite clubs, owner objectives, revenues, sport performance, private majority investors, foreign investors
Translated title of the contributionDer Einfluss von Managern und Trainern auf finanzielles Wachstum und sportlichen Erfolg von europäischen Profi - Fußballclubs
Original languageEnglish
Place of PublicationKöln
PublisherDeutsche Sporthochschule Köln
Number of pages185
Publication statusPublished - 2018


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