Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Measuring and Monitoring Sustainability in Listed European Football Clubs: A Value-Added Reporting Perspective

Version 1 : Received: 26 October 2020 / Approved: 28 October 2020 / Online: 28 October 2020 (08:48:28 CET)

A peer-reviewed article of this Preprint also exists.

Faccia, A.; Mataruna-Dos-Santos, L.J.; Munoz Helù, H.; Range, D. Measuring and Monitoring Sustainability in Listed European Football Clubs: A Value-Added Reporting Perspective. Sustainability 2020, 12, 9853. Faccia, A.; Mataruna-Dos-Santos, L.J.; Munoz Helù, H.; Range, D. Measuring and Monitoring Sustainability in Listed European Football Clubs: A Value-Added Reporting Perspective. Sustainability 2020, 12, 9853.

Journal reference: Sustainability 2020, 12, 9853
DOI: 10.3390/su12239853

Abstract

Sports are framed within the context of the Olympic spirit and are, therefore, within the vision and mission of the Olympic Committee, aimed at “building a better world”. This is identified as a fundamental value and sustainability is therefore explicitly considered to be a “working principle” of this. In this research an analysis of the performance of professional European football teams publicly listed on stock markets, restating the income statements according to the Value-Added perspective is carried out. This takes into account the effective sustainable contribution in the distribution of added value with reference to the human, structural, debt, infrastructural, and risk capitals of these organisations. The Value-Added Statement is considered as a part of the broader CSR Reporting and can be traced back to the late 1970s. However, it is in widespread contemporary use and is regarded as being both a credible and a tested measure. In this paper, the authors apply a slightly modified and simplified version of this tool to these publicly listed European football clubs as a proxy for wider professional sport. This research demonstrates that, although professional sports clubs are profit-oriented, the distribution of wealth generated by the added value is unbalanced. In most cases, at least in financial terms, shareholders are the most disadvantaged and athletes are the most rewarded.

Subject Areas

Sustainability; Sport Performance; Sport Management; Value Added Reporting; Value Added Income Statement; Listed Football Clubs; Communities development; Fair Income Distribution.

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