Insights on Italian professional football clubs’ profitability. Business model performances
Dr Carlo Regoliosi
Associate Professor – Università Roma TRE – Rome, Italy
Over the last few years, several research contributions have investigated the operations of professional football clubs, identifying their economic essence in the production of entertainment, whilst observing significant yearly economic losses in their annual reports. We provide evidence that this ‘model’ does not hold for all the professional clubs in the Italian ‘Serie A’ league. A closer look at the economic determinants of their performance shows that there are several entities whose business model runs differently, for 1) the core activity is not the mere provision of entertainment; 2) the lower the size (in terms of players’ book value) the higher the operating profitability.
Regoliosi, C. and d’Eri, A., 2014. “Good” corporate governance and the quality of internal auditing departments in Italian listed firms. An exploratory investigation in Italian listed firms. Journal of Management & Governance, 18(3), pp.891-920.
Marco, T., Carlo, R., Giorgia, M., Niccol, P. and Marco, P., 2019. Does the IFRS 15 impact earnings management? Initial evidence from Italian listed companies. African Journal of Business Management, 13(7), pp.226-238.
Fradeani, A., Regoliosi, C., D’Eri, A. and Campanari, F., 2017. Implementation of mandatory IFRS financial disclosures in a voluntary format: Evidence from the Italian XBRL project. In Reshaping Accounting and Management Control Systems (pp. 331-347). Springer, Cham.
Regoliosi, C., 2016. The accounting treatments in professional football clubs in Italy from a business model perspective. Rivista Italiana di Ragioneria e di Economia Aziendale, 5(6), p.7.
Regoliosi, C., 2008. L'impresa agrituristica: status e possibilità di sviluppo. Con un'indagine nel territorio della Regione Lazio (Vol. 9). FrancoAngeli.
Regoliosi, C., 2006. Dalla socialità dell'impresa all'impresa sociale. F. Angeli.
Regoliosi, C., 2009. Corporate governance e organismi di controllo nelle imprese quotate italiane. Alcune riflessioni. Rivista dei Dottori Commercialisti, 60(2), p.223.
Regoliosi, C., 2005. IFRS 2: share based payments: un’analisi. Rivista dei dottori commercialisti, (4), pp.623-650.
Tutino, M. and Regoliosi, C., 2013. Corporate governance and profitability. Value relevance of compliance to corporate governance best practice in Italian listed SMEs. International Journal of Auditing Technology, 1(3-4), pp.241-260.
Regoliosi, C. and Martino, D., 2019. A Study of the Interactions between Internal Audit Function and External Auditors in Italy. Corporate ownership & control, 16(2), pp.38-48.
Tutino, M., Regoliosi, C., Mattei, G., Paoloni, N. and Pompili, M., 2018. DEALING WITH IFRS 15: ANY IMPACT ON EARNINGS MANAGEMENT? FIRST EVIDENCES FROM ITALIAN LISTED COMPANIES (No. 3). Working Paper.
Regoliosi, C., Perno, A. and Monopoli, F., 2010. L'esercizio dell'Internal audit. Maggioli.
Tutino, M., Regoliosi, C.D.E.A. and D'Eri, A., 2006. Forward-Looking Quantitative Information in Italian Listed Firms. Empirical evidence in, 2010, pp.1-1.
Regoliosi, C., 2018. Shedding light on the profitability of Italian professional football clubs where a different business model is performing. International Journal of Sport Management and Marketing, 18(1-2), pp.130-154.
Tutino, M., Regoliosi, C., Mattei, G., Santolamazza, V. and Carsetti, S., 2022, May. REINFORCING THE “REGIONAL PROMOTIONAL INSTITUTIONS AND BANKS” CORPORATE GOVERNANCE: A CONCEPTUAL PAPER. In of the International Online Conference (p. 109).
Regoliosi, C. and Martino, D., 2018. Corporate Governance e valore di mercato. Il contributo del sistema di controllo interno e gestione dei rischi (Vol. 3). Roma TrE-Press.
Martino, D. and Regoliosi, C., CORPORATE GOVERNANCE AND MARKET VALUATION: THE ROLE OF THE INTERNAL CONTROL SYSTEM.
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Faccia, A., Mosteanu, N.R., Fahed, M. and Capitanio, F., 2019, August. Accounting information systems and ERP in the UAE: an assessment of the current and future challenges to handle big data. In Proceedings of the 2019 3rd International Conference on Cloud and Big Data Computing (pp. 90-94).
Faccia, A. and Mosteanu, N.R., 2019. TAX EVASION_INFORMATION SYSTEM AND BLOCKCHAIN. Journal of Information Systems & Operations Management, 13(1).
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Mosteanu, N.R., Faccia, A., Ansari, A., Shamout, M.D. and Capitanio, F., 2020. Sustainability integration in supply chain management through systematic literature review. Calitatea, 21(176), pp.117-123.
Faccia, A. and Mosco, D., 2019. Understanding the Nature of Accounts Using Comprehensive Tools to Understand Financial Statements.
Eltweri, A., Faccia, A., Roxana Moþteanu, N., Sawan, N. and Pio Leonardo Cavaliere, L., 2020, December. The Role of Risk Management in Auditing E-Business. In 2020 The 4th International Conference on Software and e-Business (pp. 39-44).
Faccia, A., Mataruna-Dos-Santos, L.J., Helú, H.M. and Guimaraes-Mataruna, A.F., 2020, May. Tackling Big Data and Black Swans through Fractal Approach and Quantum Technology. In Proceedings of the 2020 International Conference on Big Data in Management (pp. 28-32).
Faccia, A., 2020. The needed cooperation between accounting experts and corporate lawyers to challenge tax crimes.
Faccia, A., 2020. Blockchain Financial Statement validation and submission. The very first case in 2020: Blockchain Italia Srl.
Faccia, A. and Petratos, P., 2021. Blockchain, enterprise resource planning (ERP) and accounting information systems (AIS): Research on e-procurement and system integration. Applied Sciences, 11(15), p.6792.
Faccia, A. and Pandey, V., 2021, November. Business planning and big data, budget modelling upgrade through data science. In 2021 the 6th International Conference on Information Systems Engineering (pp. 21-25).
Eltweri, A., Faccia, A. and Sawan, N., 2021, December. The Importance of Big Data Visualisations for Auditors’ Decisions. In 2021 5th International Conference on Software and e-Business (ICSEB) (pp. 7-12).
Eltweri, A., Faccia, A. and KHASSAWNEH, O., 2021, December. Applications of Big Data within Finance: Fraud Detection and Risk Management within the Real Estate Industry. In 2021 3rd International Conference on E-Business and E-commerce Engineering (pp. 67-73).
Beebeejaun, Z. and Faccia, A., 2022. Electronic Alternative Dispute Resolution, smart contracts and equity in the energy sector. The Journal of World Energy Law & Business, 15(2), pp.97-113.
Faccia, A., Pandey, V. and Banga, C., 2022. Is permissioned blockchain the key to support the external audit shift to entirely open innovation paradigm?. Journal of Open Innovation: Technology, Market, and Complexity, 8(2), p.85.
Faccia, A., Cavaliere, L.P.L., Petratos, P. and Mosteanu, N.R., 2022, August. Unstructured Over Structured, Big Data Analytics and Applications In Accounting and Management. In Proceedings of the 2022 6th International Conference on Cloud and Big Data Computing (pp. 37-41).
Eltweri, A., Faccia, A. and Foster, S., 2022. International Standards on Auditing (ISAs) Adoption: An Institutional Perspective. Administrative Sciences, 12(3), p.119.