Title: Economic and sporting performance and players' registration rights in Italian soccer: connections?

Authors: Guido Migliaccio; Antonio Lucadamo; Giuseppe Napoli; Miriam Gallo

Addresses: Department of Law, Economics, Management and Quantitative Methods, University of Sannio, Via delle Puglie, 22 (82.100) Benevento (Bn), Italy ' Department of Law, Economics, Management and Quantitative Methods, University of Sannio, Via delle Puglie, 22 (82.100) Benevento (Bn), Italy ' Department of Law, Economics, Management and Quantitative Methods, University of Sannio, Via delle Puglie, 22 (82.100) Benevento (Bn), Italy ' Department of Law, Economics, Management and Quantitative Methods, University of Sannio, Via delle Puglie, 22 (82.100) Benevento (Bn), Italy

Abstract: This study focuses on the possible links between the main revenues obtained from the financial statements of soccer clubs, players' registration rights (PRRs), and sports success. The topic is developed by processing much data from the Italian Premier League Soccer Championship (year 2017/2018) and a sample of 100 financial statements of Italian Serie A clubs for the period between 2013/2014 and 2017/2018. The data were analysed by the models of 'linear regression' and 'fixed effects for panel data' for more consecutive years. The study showed that there is a virtuous circle between the main revenues, players' registration rights, and sports success. The main revenues (TV rights, sponsors, and advertising) increase the PRRs and the possible capital gains derived from the termination that are often necessary to achieve the conditions of economic and financial balance required to register for soccer leagues. Investing in players' registration rights also leads to better sports results.

Keywords: football; Italian league soccer; financial fair play; financial statements; soccer championship; revenues.

DOI: 10.1504/IJMED.2022.126577

International Journal of Management and Enterprise Development, 2022 Vol.21 No.4, pp.392 - 415

Received: 04 Apr 2022
Accepted: 19 Jun 2022
Published online: 28 Oct 2022 *

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