The Importance of Financial Stability in Industrial Football

Ahmet Hilmi Yilmaz

Fiscaoeconomia, 2020, issue 2

Abstract: With the establishment of the British Football Federation in 1863, football, which was accepted as an official sport, has spread rapidly all over the world. The professionalization process in football, which started especially from the second half of the 1990s, has transformed the sports activities from being a game into an economically functioning field. As a result of these developments, the values of the capitalist order began to dominate football. With the transformation of football into a new understanding of football, which has been rapidly industrializing, diversity and volume increased in the income and expense items of the clubs. This situation necessitated that clubs operating under the status of associations change the management understanding of the high budget clubs and that these clubs should be institutionalized and have a more institutional structure. As a result, the growth in the football industry brought along the need for fiscal discipline. In this study the structure formed by the industrialization of football, financial stability which is of great importance within the structure considered and factors that lay the groundwork for financial instability with due regard to the current financial indicators of Beşiktaş Gymnastic Club, Fenerbahçe Sport Club and Galatasaray Sport Club are analyzed and policy recommendations are made.

Keywords: Football; Industry; Globalization; Financial Discipline; Financial Stability (search for similar items in EconPapers)
JEL-codes: L80 L83 L89 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:fis:journl:200212

DOI: 10.25295/fsecon.2020.02.012

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