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COVID-19 Impact on the Subsequent Assessment of the Competition Rights of Football Players

Author

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  • Rumyana Marinova

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

Acquired competition rights to football players are a specific intangible asset and therefore have different features in their initial and subsequent valuation. The purpose of this article is to discuss the impact of COVID-19 on the subsequent assessment of the value of transfer rights of players and on this basis to be made a critical analysis of the main factors relevant to the subsequent reporting of these rights and their presentation in the financial statements of the football clubs that apply International Financial Reporting Standards. As a result of the study, it was summarized that COVID-19 can be considered as a factor in reducing the value of the competitive rights of football players. This factor can be included as part of the so-called general factors that are relevant to the overall performance of the football club, as well as to have a personalized meaning - in relation to individual players. It was concluded that UEFA should develop a strict methodology that allows clubs to recognize impairment losses on competition rights in their financial statements and this methodology should be part of the FFP Rules.

Suggested Citation

  • Rumyana Marinova, 2021. "COVID-19 Impact on the Subsequent Assessment of the Competition Rights of Football Players," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 10(3), pages 194-201, December.
    • Handle: RePEc:vra:journl:v:10:y:2021:i:3:p:194-201
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    File URL: http://su-varna.org/journal/IJUSV-ESS/2021.10.3/194-201.pdf
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    References listed on IDEAS

    as
    1. Ramzi Benkraiem & Waël Louhichi & Pierre Marques, 2009. "Market reaction to sporting results The case of European listed football clubs," Post-Print halshs-00428516, HAL.
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    More about this item

    Keywords

    accounting; football players; impairment; IAS 36; COVID-19; UEFA FFP Rules;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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