A critical analysis of too prominent to fail in times of Neymar

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F19%3A00111300" target="_blank" >RIV/00216224:14560/19:00111300 - isvavai.cz</a>

Result on the web

<a href="https://www.researchgate.net/publication/340023384_A_Critical_Analysis_of_Too_Prominent_to_Fail_in_Times_of_Neymar" target="_blank" >https://www.researchgate.net/publication/340023384_A_Critical_Analysis_of_Too_Prominent_to_Fail_in_Times_of_Neymar</a>

DOI - Digital Object Identifier

—

Result language

angličtina

Original language name

A critical analysis of too prominent to fail in times of Neymar

Original language description

Sales of football, the world's most popular sport increased worldwide by nine percent from 2009-2013. In times of revenue growth, however, spending has increased disproportionately. Media, fans and even scientists are wondering how the future financial situation of football companies will look like at a time when a club like Paris Saint-German is paying over EUR 200 million for player Neymar. The aim of the article is to analyze, if football companies have a higher survival rate. This serves as a basis for discussing whether football companies are "too big to fail". For this purpose, current article contributions and studies are analyzed with regard to the topic. In order to prevent the cycle of indebtedness on the football market, more regulation is needed. After the financial crisis from 2007 onwards, the excesses of the financial industry could be contained through increased regulation. In the football sector, UEFA is attempt-ing to impose stricter budget restrictions in the form of the "Financial Fair Plays". The transfer of Neymar in 2017 for more than EUR 200 million proves that the clubs can by-pass the FFP. As in the financial industry and the "too big to fail" doctrine, this is still based on subjective assumptions of the supporting organizations. It can be assumed that the increasing transfer sums will increase the systematic risks in the future. In addition, it must be determined whether football companies will eventually be "too big to save". An improved approach to financial fair play could force football companies to balance their economies, leading to a lower rate of bankruptcy on the football market.

Czech name

—

Czech description

—

Type

D - Article in proceedings

CEP classification

—

OECD FORD branch

50206 - Finance

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2019

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

European Financial Systems 2019 Proceedings of the 16th International Scientific Conference

ISBN

9788021093386

ISSN

—

e-ISSN

—

Number of pages

6

Pages from-to

488-493

Publisher name

Masaryk University Press, Žerotínovo nám. 617/9, 601 77 Brno, CZ; Masaryk University Faculty of Economics and Administration Department of Finance and Institute for Financial Market

Place of publication

Brno, Czech Republic

Event location

Brno, Czech Republic

Event date

Jun 24, 2019

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000503222600057