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Player contracts, athletic and financial performance of the Greek football clubs

Author

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  • Panagiotis E. Dimitropoulos
  • Vasilios Limperopoulos

Abstract

The scope of this paper is to examine the relation between the athletic and financial performance of Greek football clubs and how the investment in player contracts (playing talent) impacts this relation. We selected a sample of 20 football clubs participating in the three professional divisions of the national championship, which refers to the period from 2004/05 to 2008/09. By applying a panel data methodology, results indicated that the higher the investment in player contracts is, the more successful is the club on the field. However, as the investment in player contracts by football managers is increased, the club is becoming more unprofitable and insolvent suggesting that these decisions are not based on economic standards, a fact which verifies previous arguments that football clubs in Europe aim to maximise the athletic performance and not the financial. Useful policy implications and avenues for future research are also provided.

Suggested Citation

  • Panagiotis E. Dimitropoulos & Vasilios Limperopoulos, 2014. "Player contracts, athletic and financial performance of the Greek football clubs," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 16(2), pages 123-141.
    • Handle: RePEc:ids:gbusec:v:16:y:2014:i:2:p:123-141
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    Citations

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    Cited by:

    1. Marc Rohde & Christoph Breuer, 2016. "Europe’s Elite Football: Financial Growth, Sporting Success, Transfer Investment, and Private Majority Investors," IJFS, MDPI, vol. 4(2), pages 1-20, June.
    2. Jonas Hammerschmidt & Fabian Eggers & Sascha Kraus & Paul Jones & Matthias Filser, 2020. "Entrepreneurial orientation in sports entrepreneurship - a mixed methods analysis of professional soccer clubs in the German-speaking countries," International Entrepreneurship and Management Journal, Springer, vol. 16(3), pages 839-857, September.
    3. Omondi-Ochieng, Peter, 2019. "Financial performance trends of United States Hockey Inc: a resource-dependency approach," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 24(48), pages 327-344.
    4. Luca Ferri & Riccardo Macchioni & Marco Maffei & Annamaria Zampella, 2017. "Financial Versus Sports Performance: The Missing Link," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(3), pages 1-36, February.
    5. Jonas Hammerschmidt & Fabian Eggers & Sascha Kraus & Paul Jones & Matthias Filser, 0. "Entrepreneurial orientation in sports entrepreneurship - a mixed methods analysis of professional soccer clubs in the German-speaking countries," International Entrepreneurship and Management Journal, Springer, vol. 0, pages 1-19.

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