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Financial Risk Analysis in Football Clubs

Author

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  • Faruk Dayı

    (Kastamonu University)

Abstract

The increase in the debts of football clubs increased their financial risk level. This study was conducted to examine the financial risk level of four large clubs in the Turkish Super League. In this study, the formula has been developed to measure the financial risk level. It has been tested whether there is a significant relationship between the debts of the clubs and the exchange rate. Current ratio, leverage ratio, interest rate coverage and total assets variables obtained from the financial statements for the period 2010-2018 are used for the evaluation of financial risk levels. Panel data least squares method was used in the application of the study. According to the results of the analysis, there is a significant relationship between the exchange rate of football clubs and exchange rate. It was concluded that increase in debt has caused financial risk levels increased.

Suggested Citation

  • Faruk Dayı, 2019. "Financial Risk Analysis in Football Clubs," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 34(111), pages 357-386, April.
    • Handle: RePEc:acc:malfin:v:34:y:2019:i:111:p:357-386
    DOI: https://doi.org/10.33203/mfy.493778
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    More about this item

    Keywords

    Football Clubs; debts management; panel data; financial risk;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • G3 - Financial Economics - - Corporate Finance and Governance

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