Insolvency in French Soccer

Nicolas Scelles, Stefan Szymanski and Nadine Dermit-Richard

Journal of Sports Economics, 2018, vol. 19, issue 5, 603-624

Abstract: This article examines insolvency (payment failure) in the top three divisions of French soccer. Between 1970 and 2014, we observed 79 cases of insolvency arising from participation in the top two or three (since 1993) divisions. We find that demand (attendance) shocks can account for insolvency to a significant degree. We also find that insolvency can be explained by club status and ownership structure, with professional status and the association structure being more likely to lead to insolvency. We also examine the postinsolvency performance of soccer clubs and find that the adverse consequences of insolvency are long lasting.

Keywords: insolvency; payment failure; French soccer; attendance; demand shocks; club status; ownership (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (21)

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Working Paper: Insolvency in French Soccer (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jospec:v:19:y:2018:i:5:p:603-624

DOI: 10.1177/1527002516674510

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