Heterogeneity of budget constraints in Hungarian and Polish football

Karolina Nessel, Zsolt Havran and Tünde Máté

Chapter 5 in Professional Team Sports and the Soft Budget Constraint, 2022, pp 103-129 from Edward Elgar Publishing

Abstract: Ex ante expectations of an external rescue in case of a financial distress make a key part of the circumstances of the soft budget constraint syndrome. Therefore, the objective of this study is to explore this kind of expectations of managers in professional football clubs in Hungary and Poland - two countries sharing the same socialist past, both in economics and football. The analysis of data gathered in a survey measuring managers' subjective probabilities of a help coming from different external agents indicates that the prevalence of the syndrome is due mainly to high expectations of a rescue by the club's owner. In other aspects, there is quite a dose of heterogeneity, especially in terms of anticipated public aid, as well as help from sponsors and fans. The post-socialist transition has clearly transformed and diversified the softness of football budgetary limits in the region.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2022
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