@masterthesis{Zerwas, type = {Bachelor Thesis}, author = {Zerwas, Marvin}, title = {Financial Stability of Football Clubs: Theoretical Background and Empirical Analysis of Selected European Clubs}, url = {http://nbn-resolving.de/urn:nbn:de:hbz:1383-opus4-6322}, school = {Hochschule Rhein-Waal}, pages = {58}, abstract = {Professional football's economic attractiveness is enormous due to its popularity and broad anchoring in society. Consequently, the conditions for clubs have also changed. Today it is not only important to be successful in sports, but also to do business in a solid and sustainable way. Nevertheless, many clubs are still not able to do so. This is due on the one hand to a lack of experience and deficits in the management and control systems and on the other hand to the mindset to buy sporting success by all means. This frequently leads to clubs operating beyond their means and regularly posting high losses. Sustainable investments and future growth are often disregarded. That is why UEFA decided to introduce the Financial Fair play regulations in the year 2013. The rule is in place to avoid debt and to ensure healthy business operations over the long term. The analysis shows that in 2018 clubs will be more focused on using less debt to finance their activities and will be able to pay more debt than in 2012.}, language = {en} }