Assessing the Financial Performance of English Football Clubs: Arsenal and Manchester City
- DOI
- 10.2991/aebmr.k.210311.012How to use a DOI?
- Keywords
- football clubs, financial performance, Z score Altman, Springate, Zmijewski, Financial Fair Play Regulation
- Abstract
Football is a sport and an attractive business with a high turnover of money around it. A football club may earn much from sponsorship, ticketing, and merchandise; however, it may also suffer loss from player transferred. This study aims to analyze the financial statements of professional football clubs in England, namely Arsenal and Manchester City. This study also aims to compare these football clubs’ financial performance using the Z-score Altman, Springate, and Zmijewski bankruptcy prediction model. Financial statements of the two clubs in 2015-2017 were used as a sample. The bankruptcy prediction model analysis indicates that the two clubs have a healthy financial performance condition in the three years. The three financial performance models show consistent results in assessing the financial condition that Arsenal dan Manchester City performs healthy in reporting the business. Furthermore, the comparison between Arsenal and Manchester City’s financial performance indicates that Manchester City’s finances are better than Arsenal’s. This paper contributes to the literature by applying the bankruptcy prediction model in the football club.
- Copyright
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Siti Rochmah Ika AU - Kholik Udin AU - Joko Purwanto Nugroho AU - Ishviati Joenaini Koenti PY - 2021 DA - 2021/03/13 TI - Assessing the Financial Performance of English Football Clubs: Arsenal and Manchester City BT - Proceedings of the 3rd International Conference on Banking, Accounting, Management and Economics (ICOBAME 2020) PB - Atlantis Press SP - 57 EP - 62 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210311.012 DO - 10.2991/aebmr.k.210311.012 ID - Ika2021 ER -