The relationship between financial and sporting performance of professional football clubs: empirical evidence from brazilian football

Thomas Warrener, Carlos Eduardo Torres and Igor Souza
Additional contact information
Thomas Warrener: PPEA/UFOP
Carlos Eduardo Torres: PPEA/UFOP
Igor Souza: Cedeplar/UFMG

No 641, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: The aim of this research is to investigate the relationship between sports and financial performance of Brazilian football clubs. Using data extracted from the Itaú-BBA reports (2015, 2016, 2018 and 2020), and from the Brazilian Football Association team performance rankings it was possible to calculate financial and sporting performances of twenty-six Brazilian football clubs for the period between 2013 to 2019. The results presented in this paper indicate that sports performance has a positive effect on the financial results of Brazilian football clubs, and that the financial result exerts a positive influence on sports performance.

Keywords: Sports economics; football industry; sports performance; financial performance; simultaneous equations modelling (search for similar items in EconPapers)
JEL-codes: G32 L21 L25 L83 Z23 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2022-05
New Economics Papers: this item is included in nep-cul and nep-spo
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