The Capital Structure of Football Clubs

Stephen Morrow
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Stephen Morrow: Heriot-Watt University

Chapter 3 in The New Business of Football, 1999, pp 58-120 from Palgrave Macmillan

Abstract: Abstract The phrase capital structure refers to the way in which a company is funded for the medium to long term. In practice the distinction between short term financing and long term financing has become blurred, as financial innovations and changing presentation methods have allowed enterprises more freedom to obtain financing over different future time periods. As a general rule we can use the following definitions: ‘short term’ — less than three years, but usually less than one year; ‘medium term’ — three to ten years; and ‘long term’ — over ten years.

Keywords: Abnormal Return; Stock Exchange; Capital Structure; Share Price; Market Maker (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37174-3_4

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DOI: 10.1057/9780230371743_4

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