Financial analysis of the major clubs of the five major European football championship[Analyse financière des grands clubs des cinq championnats européens majeurs de football]

Football is a sport that arouses enormous enthusiasm, transaction figures are increasingly exorbitant, European football clubs have a particular economic model, whose owners expectations are atypical. In this article we carry out an analysis of the income and expenses of the first division clubs of England, Spain, France, Germany and Italy, as well as a stock market analysis for a sample of four clubs belonging to these championships which are Manchester United, Olympique Lyonnais, Borussia Dortmund and Juventus which are clubs listed on the stock exchange. Financial performance is not always the ultimate goal of football investors; they may be motivated by other emotional factors that justify their spending. Only the leading clubs in the five major European championships, regular in the Champions League, achieve significant income which is ensured mainly by audiovisual rights. These clubs recruit the best players in the world and offer very high salaries.